What's News: Business & Finance -- WSJ
19 May 2017 - 5:02PM
Dow Jones News
IBM is reversing decadeslong policies as a champion of the
work-from-home concept and calling employees back to the
office.
The U.S. is looking into Russia's growing leverage over Citgo
amid concern the Kremlin is seeking to use energy as a political
weapon.
Vistra has made a takeover approach to Dynegy, a tie-up that
would create one of the nation's largest independent power
producers.
The FCC approved a plan to begin rolling back Obama-era
net-neutrality rules, reopening a battle over internet
regulation.
Hedge-fund manager Cooperman and his firm Omega agreed to pay
$4.9 million to settle SEC insider-trading allegations.
The administration isn't looking to break up big banks, Treasury
Secretary Mnuchin told a Senate committee.
U.S. stocks rose, bouncing back from their worst session of the
year. The Dow gained 56.09 points to 20663.02.
Italy put Alitalia up for sale after months of fruitless talks
with unions and the airline's shareholders.
Wal-Mart posted stronger quarterly sales, even as many rivals
struggle to compete with online retailers.
Alibaba's revenue jumped 60% and quarterly net nearly doubled,
driven by consumer spending in China.
Several auto makers agreed to pay over $550 million to resolve
claims tied to Takata air bags.
(END) Dow Jones Newswires
May 19, 2017 02:47 ET (06:47 GMT)
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