Samsung Profit Growth Driven by Component Sales 
 

The South Korean tech company recorded its highest operating profit in more than three years, as booming sales of components helped it shrug off last year's massive Galaxy Note 7 recall.

 
Yahoo Sees Verizon Deal Taking Longer Than Expected 
 

Yahoo, subject of two huge data breaches that have cast a shadow over its deal with Verizon Communications Inc., pushed back its expected closing date for the transaction, citing "work required to meet closing conditions."

 
Retirement Giant TIAA Rebrands Asset Management as It Seeks New Investors 
 

TIAA's asset-management unit renamed itself Nuveen, stepping away from its history as one of the oldest names in the retirement business.

 
Citigroup Units Settle CFPB Mortgage Servicing Claims for $28.8 Million 
 

Two mortgage servicing units of Citigroup Inc. agreed to pay $28.8 million to settle allegations from the Consumer Financial Protection Bureau that they mistreated borrowers seeking foreclosure relief.

 
Ford Takes Step Toward Online Car Shopping With Fintech Investment 
 

The lending arm of Ford Motor Co. has tapped a San Francisco startup to make it easier for its customers to buy and finance a car without going into a showroom.

 
Regulators Push Peabody on Plan to Fund Mine Cleanup 
 

Peabody Energy is facing pushback from state regulators in Missouri and Indiana that say the coal mining company hasn't explained how it intends to fund its obligation to clean up its mines once it exits bankruptcy protection.

 
Liberty Media Names Chase Carey as Formula One CEO, Replaces Bernie Ecclestone 
 

Bernie Ecclestone, who turned Formula One from an elite motor racing series into a global media rights empire over four decades, stepped away from his role as the sport's "supremo" as Liberty Media completed its takeover, appointing Chase Carey as chief executive.

 
Berkshire Unit Buys German Pipe Component Maker 
 

A unit of Warren Buffett's Berkshire Hathaway has agreed to buy piping components maker Wilhelm Schulz GmbH, the billionaire investor's second acquisition in Germany.

 
Avis Uses 'Poison Pill' to Block Longtime Investor 
 

Avis Budget Group Inc. took an unusual step Monday to block its biggest shareholder from potentially increasing its sway over the company, a year after giving the investor a board seat.

 
Auto Industry's No. 1 Preoccupation: Trump 
 

President Donald Trump's tweets put Big Three car makers on the defensive about their commitment to U.S. jobs and investment. Their response shows the extent to which companies are factoring his criticism into decisions.

 
 

(END) Dow Jones Newswires

January 23, 2017 23:15 ET (04:15 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.