Airbus Profit Plunges on A400M Costs 
 

Airbus said full-year net profit plunged 66% with higher airliner deliveries offset by cost growth on a key military aircraft program.

 
Saudi Aramco Picks J.P. Morgan, HSBC, Morgan Stanley as IPO Underwriters 
 

Saudi Arabia's state-owned energy company has told J.P. Morgan, HSBC and Morgan Stanley they will be the lead underwriters for its planned initial public offering, set to be the largest ever, according to people familiar with the matter.

 
Snap Kicks Off Pre-IPO Roadshow for Potential Investors 
 

Hundreds of potential investors crowded a ballroom of New York's Mandarin Oriental on Tuesday to grill Snap Inc. executives about how they're going to turn their popular disappearing-message app into a moneymaking machine.

 
$100 Million Stolen in 'Criminal Scheme' at ABB 
 

Swiss engineering company ABB said it uncovered a "sophisticated criminal scheme" in a South Korean subsidiary that led to about $100 million being stolen from the company.

 
U.S. Accelerates Iran Sanctions Probe of Deutsche Boerse Unit 
 

Federal prosecutors in New York are pursuing a sanctions investigation into Deutsche Boerse AG's unit Clearstream Banking SA, and hope to resolve it with either a settlement or charges later this year, according to people familiar with the matter.

 
Carl Icahn Takes Stake in Bristol-Myers 
 

The same day Bristol-Myers Squibb Co. shook up its board to satisfy one activist investor, the drugmaker was faced with another: Carl Icahn, whose interest is fueling speculation the company could soon be put on the auction block.

 
Auto Makers Ask EPA's Pruitt to Reverse Fuel-Economy Decision 
 

A week before President Trump took office, the EPA decided to keep targets that called for auto makers to sell vehicles averaging 54.5 miles a gallon, or roughly 40 mpg in real-world driving, by 2025. The decision capped a review that wasn't expected to be completed until April 2018.

 
Woodside Plans to Expand Western Australia LNG Output 
 

Woodside Petroleum is positioning to lift gas-export capacity in coming years in expectation that still-rising supplies of liquefied natural gas will be absorbed by higher Asian demand.

 
Air Products Bid for Chinese Rival Has Investors Pumped 
 

Air Products bid for Yingde Gases is a major test of U.S.-Chinese cross border investing.

 
Starboard Takes 6.6% Stake in Tribune Media 
 

Hedge fund Starboard Value LP has opened a 6.6% stake in Tribune Media Co. but has no immediate plans to push for change.

 
 

(END) Dow Jones Newswires

February 22, 2017 03:00 ET (08:00 GMT)

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