What's News: Business & Finance -- WSJ
October 20 2018 - 2:02AM
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 20, 2018).
Facebook hired a former British deputy prime minister, Nick
Clegg, as its top policy and communications executive, giving him
the task of mending the social network's image as it deals with
closer political scrutiny.
Procter & Gamble booked its strongest quarterly sales in
five years.
The U.S. housing market is stumbling through its longest slump
in four years.
Strong quarterly earnings reports helped the Dow edge up 0.3% to
25444.34 on Friday. The S&P 500 was little changed at
2767.78.
The SEC is taking a more forceful stance on key aspects of the
way the biggest U.S. stock exchanges conduct their business.
The Trump administration offered generous definitions and rules
to accelerate tax-advantaged investment in low-income areas.
Honeywell said the SEC has opened a probe into the firm's
accounting for asbestos-related liabilities.
Concerns over Italy's finances spread to other European bond
markets.
(END) Dow Jones Newswires
October 20, 2018 02:47 ET (06:47 GMT)
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