What's News: Business & Finance -- WSJ
January 17 2017 - 3:02AM
Dow Jones News
The decision by prosecutors to seek the arrest of Samsung heir
Lee Jae-yong threatens to knock the South Korean company off
course.
Italy's Luxottica is merging with French lens maker Essilor in a
deal that would give the combined firm 27% of the eyewear
market.
Snap's IPO investors won't get any votes with their shares,
leaving the company's founders with 70% of the voting power.
GM will announce plans to invest at least $1 billion across
several U.S. plants, in the wake of Trump's criticism of Mexican
imports.
Chinese shares posted their biggest drop in over a month Monday
on concern over a rapid increase in IPOs.
The IMF lifted its U.S. growth forecast, citing Trump's plan for
tax cuts and infrastructure spending.
Fed officials say they don't see a need for stimulative tax and
spending programs to boost short-term growth, in a policy
shift.
The pound fell to a 31-year low against the dollar on fears of
the U.K. pulling out of the EU's single market.
Noble Energy will pay $2.7 billion for Clayton Williams,
boosting its presence in West Texas oil fields.
Rolls-Royce Holdings settled a corruption probe with U.S.,
British and other authorities for over $800 million.
A SpaceX rocket launched 10 satellites into orbit, a rebound for
the firm after a September explosion.
(END) Dow Jones Newswires
January 17, 2017 02:47 ET (07:47 GMT)
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