What's News: Business & Finance -- WSJ
March 07 2017 - 3:02AM
Dow Jones News
CSX's management was upended by activist investor Mantle Ridge
with the appointment of an industry maverick as CEO.
GM's sale of Opel to France's Peugeot slashes costs for the U.S.
auto maker and marks a retreat from globalization.
The Fed is weighing legal action against the former J.P. Morgan
trader at the center of the 2012 "London Whale" episode.
Seoul prosecutors detailed bribery charges against Samsung's de
facto leader in a report.
Exxon plans to spend about $20 billion on refineries and other
projects in and around the Gulf of Mexico.
Stocks fell, with financial shares helping lead the retreat. The
Dow shed 51.37 points to 20954.34.
State Street will begin pushing big companies to add women
directors.
IBM and Salesforce agreed to mingle artificial-intelligence
technologies.
Standard Life's deal to buy Aberdeen highlights the cost-cutting
pressure for active asset managers.
Swiss National Bank posted a $24.3 billion profit for 2016,
rebounding from a steep year-earlier loss.
(END) Dow Jones Newswires
March 07, 2017 02:47 ET (07:47 GMT)
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