What's News: Business & Finance -- WSJ
23 October 2018 - 6:02PM
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 (October 23, 2018).
Bank customers are pulling billions of dollars out of accounts
that don't earn interest and putting their money into
higher-yielding alternatives.
Some big U.S. lenders have started to share their closely
guarded underwriting models with Credit Karma as part of a new
service.
U.S. steel producers, which successfully pushed for tariffs on
imported steel and aluminum, have proved equally effective at
avoiding tariffs they don't want.
Kimberly-Clark said it was switching CEOs amid a restructuring
program intended to boost profit at the firm.
A judge cut by more than $200 million a verdict linking Bayer's
Roundup to cancer but upheld the jury's findings that the firm
acted with malice.
KKR is adding to its auto-parts portfolio with a $7.1 billion
deal for Fiat Chrysler's parts-making arm.
Halliburton beat profit forecasts but said demand for some of
its operations came in weaker than anticipated.
Falling shares of financial and energy companies pulled the Dow
down 126.93 points to 25317.41.
Uber's top deal maker has resigned, a move that comes after
allegations of sexual misconduct were revealed.
Hasbro highlighted the challenges it is facing after the demise
of Toys "R" Us, as it posted a 12% sales drop.
Oculus VR co-founder Iribe announced that he is leaving
Facebook.
(END) Dow Jones Newswires
October 23, 2018 02:47 ET (06:47 GMT)
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