News Highlights: Top Company News of the Day
October 23 2017 - 10:30PM
Dow Jones News
Dividend Fears Take Toll on GE Shares
Shares of General Electric took another pounding, reflecting
investor fears that a conglomerate that was once the bluest of blue
chips faces challenges daunting enough to force a dividend cut.
NYSE Monitor Accuses Wedbush Securities of Supervisory Deficiencies
The watchdog of the New York Stock Exchange has accused Wedbush
Securities Inc. and co-founder Edward Wedbush of violating multiple
exchange policies and federal securities laws concerning
record-keeping and supervisory protocols.
VW Wins Approval for Diesel-Emissions Fixes
Volkswagen AG won approval from U.S. and California
environmental regulators for fixes to more than 38,000
diesel-powered vehicles rigged to dupe emissions tests.
Nufarm to Buy Portfolio of Adama, Syngenta Products in Europe
Crop-chemicals company Nufarm has struck a more than US$500
million deal to pick up a portfolio of products in Europe from
Adama Agriculture Solutions and Syngenta Crop Protection.
PragerU Sues YouTube in Free-Speech Case
Prager University, a nonprofit that produces short, educational
videos from conservative perspectives, is suing YouTube and its
parent company, Google, claiming the tech giant is illegally
censoring its content as part of a wider effort to silence
conservative voices.
Whirlpool Cuts Guidance, Citing Rising Costs
Whirlpool Corp. shares fell sharply in after-hours trading
Monday after the appliance maker issued a profit warning, blaming
rising costs.
Seagate Technology Sees Signs of a Turnaround
Seagate Technology PLC reported higher-than-expected earnings as
executives touted benefits of a prospective technology-supply deal
with Toshiba Corp.'s memory-chip business and outlined plans for
additional cost cuts.
N.Y. Probe of Weinstein Company's Handling of Sex Claims
Attorney General Eric Schneiderman has opened an investigation
into the Weinstein Company to determine whether its handling of
allegations of sexual misconduct against co-founder Harvey
Weinstein violated state or city laws.
GE Shares Sink As Analysts Cut Price Targets, Question Dividend
Shares of General Electric Co. fell Monday as analysts raced to
cut their price targets after the conglomerate's latest
disappointing earnings report.
Former HSBC Executive Found Guilty of Fraud
A federal jury found Mark Johnson, a former high-ranking HSBC
Holdings PLC executive, guilty on charges that he misused
information about a client's $3.5 billion currency trade to make
millions of dollars for the bank.
(END) Dow Jones Newswires
October 23, 2017 23:15 ET (03:15 GMT)
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