What's News: Business & Finance -- WSJ
May 23 2017 - 2:02AM
Dow Jones News
Ford named industry outsider Hackett to replace Fields as CEO,
the latest sign the conventional auto sector is feeling pressure
from tech giants and startups.
The Supreme Court limited the ability of patent holders to bring
infringement lawsuits in certain plaintiff-friendly districts.
Former managers at Sunrun say they manipulated a key sales
metric around the time of the solar-energy firm's 2015 IPO.
Arconic struck a deal to give Elliott three more seats on its
board, handing the hedge fund a victory days before a shareholder
vote.
The fiduciary rule for retirement savings will take effect June
9 without further delay, Labor's Acosta said.
Huntsman and Clariant agreed to merge, creating a trans-Atlantic
chemicals firm valued at some $14 billion.
Vivendi's CEO said the French media firm could pursue an IPO for
a minority stake in Universal Music.
Citigroup and Nasdaq are teaming up to link the bank's payments
service to the blockchain platform.
U.S. stocks rose, lifted by tech and industrial shares. The Dow
gained 89.99 points to 20894.83.
The rush of young people to cities is partly to blame for a
worsening U.S. housing shortage, an analysis said.
Chinese retailer JD.com said it is developing drones that could
deliver payloads weighing a ton or more.
(END) Dow Jones Newswires
May 23, 2017 02:47 ET (06:47 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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