Wells Fargo to Pay $7 Million Over Alleged Anti-Money-Laundering Glitches 
 

A Wells Fargo unit has agreed to pay $7 million in a settlement with the SEC after alleged glitches in a new anti-money-laundering system let suspicious transactions escape initial notice.

 
Federal Jury Says 3M Must Pay $77.5 Million to Army Veteran in Latest Earplugs Case 
 

James Beal's lawsuit alleged that the company's earplugs caused hearing loss, ringing in the ears.

 
Hyundai Plans $5.5 Billion Factory Complex in Georgia for EVs 
 

The facility, expected to open in 2025, will be the auto-making group's first plant dedicated exclusively to electric vehicles.

 
Deere's Rising Costs Put Pressure on Equipment Profits 
 

The equipment maker posted higher sales for its latest quarter, while rising costs for materials and parts continued to pressure its margins.

 
Tech Rout May Take the Shine Off Cartier's Owner 
 

Investors would like Swiss luxury group Richemont to sell its loss-making online-fashion retailer. That is unlikely with technology stocks in the doldrums.

 
Tinder Owner Match Group, Google Reach Deal on App Store Payment Rules 
 

Match said it has withdrawn its request for a restraining order against Google, saying Google has made concessions that Match demanded.

 
Biden Visits Samsung to Shore Up Tech Allies in Countering China 
 

President Biden began a three-day trip to South Korea with a factory visit that underscored the technology ties between the countries.

 
Senior Executives Leave Russian Oil Giant Rosneft 
 

The Russian state oil giant is losing several senior executives and board members, a brain drain that stands to weaken a prime driver of the country's economy while Moscow wages war on Ukraine.

 
Boeing's Starliner Spacecraft Launches Toward Space Station in Do-Over Mission 
 

The liftoff comes after a failed flight attempt and delays-and successful trips by Elon Musk's SpaceX.

 
Porsche Rolls Out Board-Approved Privacy Strategy 
 

Drivers of Porsche cars can switch on privacy mode to stop the auto maker from tracking their data, or they can consent to having their data used for specific services.

(END) Dow Jones Newswires

May 20, 2022 19:15 ET (23:15 GMT)