What's News: Business & Finance -- WSJ
April 16 2019 - 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 (April 16, 2019).
Goldman's profit fell 21% as trading and underwriting slowed,
showing the urgency of the firm's pivot away from those
unpredictable businesses.
Citigroup posted a 2%, gain in net, aided by growth in U.S.
consumer banking and better trading performance compared with its
rivals.
American Airlines is moving to give pilots additional
ground-simulator training on Boeing 737 MAX jets.
AT&T sold its minority stake in Hulu back to company in a
deal that values the site at around $15 billion.
Senior Trump administration officials are discussing how to
jump-start an overhaul of mortgage finance.
Lyft's stock has been on a slide and now trades 22% below the
ride-hailing company's IPO price.
Ex-VW chief Winterkorn and four others were charged with fraud
relating to emissions cheating.
Best Buy's Hubert Joly will step aside as CEO in June, handing
the job to finance chief Corie Barry.
U.S. stocks fell as fresh earnings reports sent bank shares
lower. The Dow industrials slipped 0.1%.
Banks owned by UniCredit have agreed to pay $1.3 billion to
settle claims tied to alleged violations of U.S. sanctions
programs.
SpaceX is raising another $500 million in funding amid internal
questions about the viability of its internet-via-satellite
venture.
(END) Dow Jones Newswires
April 16, 2019 02:47 ET (06:47 GMT)
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