News Highlights: Top Company News of the Day
February 14 2017 - 5:30AM
Dow Jones News
Rolls-Royce Posts Huge Loss
Rolls-Royce said it swung to a full-year net loss of more than
$5 billion hit by a settlement over corruption charges, the fall in
the British pound and setbacks on high-profile aircraft engine
programs.
Nissan Faces South Korea Criminal Complaint, Probe Over Fuel Economy
The South Korean government has filed a criminal complaint
against Nissan Motor's Korean unit for allegedly manipulating the
results of fuel-economy tests of its Infiniti Q50 diesel model.
Toshiba Expects $6.3 Billion Write-Down on Losses at Nuclear Unit
Toshiba said it expected to book a $6.3 billion write-down on
its nuclear business because of cost overruns in U.S. projects, but
it postponed releasing its official earnings results after a
whistleblower warned of possible improprieties at the nuclear
unit.
Credit Suisse Posts Loss but Makes Upbeat Start to 2017
Credit Suisse posted a wider-than-expected fourth-quarter loss
after paying a hefty settlement to resolve crisis-era
mortgage-securities cases, but an upbeat start to 2017 and solid
capital ratios reassured investors.
Apple Shares Hit All-Time Closing High as Investors Await Next iPhone
Investors' high hopes for the 10th-anniversary iPhone propelled
Apple shares above their previous closing level-and prompted some
investors to look ahead to what comes next.
Amazon Takes on Microsoft, Cisco in Videoconferencing
The move by the tech company pushes it deeper into the
productivity-application market to broaden its appeal to business
customers.
Disney Severs Ties With Top YouTube Star PewDiePie After Anti-Semitic Posts
Disney said it was severing ties with Felix Kjellberg, a top
star with 53 million subscribers to his "PewDiePie" YouTube
channel, after he posted videos in which he makes anti-Semitic
jokes or imagery.
Noble Group in Talks to Sell Stake
Shares in Noble Group rose to a nearly nine-month high after the
commodities trader said it was in talks about a possible stake
sale.
IBM Chief Defends Trump Administration Advisory Role
IBM Chief Executive Ginni Rometty sent a memo to employees
defending her decision to advise President Donald Trump, the latest
example of a major business leader grappling with concerns over how
to engage with the new administration.
Arizona's Navajo Generating Station Will Stay Open Through December 2019
Arizona's Navajo Generating Station, one of the largest
coal-burning power plants in the U.S., will keep running through
December 2019, but a majority of the plant's owners said they won't
seek to keep it open after 2019.
(END) Dow Jones Newswires
February 14, 2017 05:15 ET (10:15 GMT)
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