What's News: Business & Finance -- WSJ
29 December 2018 - 7:02PM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (December 29, 2018).
U.S. stocks flip-flopped in Friday's trading, a fitting coda to
a week that was marked by sharp plunges and euphoric rises. The Dow
fell 0.3%, the S&P 500 slipped 0.1% and the Nasdaq gained
0.1%.
Wells Fargo agreed to pay $575 million to all 50 states and the
District of Columbia to settle claims that a fake-account scandal
and other practices harmed customers.
Tesla named a pair of independent directors, including Oracle's
Ellison, to a board that has been under fire for its oversight of
Musk.
Saudi Arabia arrested a McKinsey partner in 2017 and has been
holding him in detention since then, people familiar with the
matter say.
Lampert's ESL unveiled an offer to save a chunk of Sears
Holdings' stores, but the survival of the retailer isn't
guaranteed.
The FCC is probing an outage at CenturyLink that disrupted 911
call operations and temporarily shut down businesses
nationwide.
The Yankees are in talks with Amazon and Sinclair about joining
to bid for regional sports network YES.
Dell made its re-entry to the public markets, five years after
being taken private.
(END) Dow Jones Newswires
December 29, 2018 02:47 ET (07:47 GMT)
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