What's News: Business & Finance -- WSJ
February 11 2017 - 2:02AM
Dow Jones News
Tarullo, the Fed's regulatory point man, plans to resign this
spring, giving Trump more freedom to remake the central bank.
A muscular-dystrophy drug will cost $89,000 a year in the U.S.
despite being available in Europe for far less.
Vanguard has climbed to $4 trillion in assets for the first
time, crossing the mark at the end of January.
Ex-AIG CEO Greenberg struck a $9 million settlement with New
York state over civil-fraud allegations.
European firms are posting their first rise in earnings in four
years, giving local stocks a boost.
Ford acquired majority ownership of Argo AI and plans to invest
$1 billion in the artificial-intelligence firm.
Reckitt Benckiser of the U.K. agreed to buy U.S. baby-food maker
Mead Johnson for $16.6 billion.
Sears Holdings vowed to cut $1 billion in costs and pare its
debts by at least $1.5 billion this year.
Major U.S. stock indexes ended the week at fresh records. The
Dow rose 96.97 points to 20269.37.
(END) Dow Jones Newswires
February 11, 2017 02:47 ET (07:47 GMT)
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