News Highlights: Top Company News of the Day

Date : 11/14/2017 @ 5:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

HSBC to Pay $352 Million to Resolve French Probe 
 

HSBC said its Swiss private-banking unit will pay EUR300 million ($352 million) to resolve charges that it helped clients evade taxes in France.

 
Wells Fargo Trims Small-Business Card-Processing Unit 
 

Wells Fargo laid off about 50 employees as it continues to restructure its credit-card processing business geared toward small-business customers, a bank spokeswoman said.

 
Witness Says Fox Sports Paid Bribes to Win Rights to Soccer Tournaments 
 

A Fox Sports executive signed a phony contract in January 2008 with an Argentine media company to facilitate $3.7 million in bribes to Latin American soccer executives, according to evidence presented Tuesday in the FIFA corruption trial in New York.

 
TJX Breaks Eight-Year Sales Growth Streak 
 

TJX, which operates TJ Maxx, Marshalls and HomeGoods stores, didn't increase its same-store sales for the first time since 2009.

 
Brazil's JBS Expects to Finish Asset Sale Program by Year-End 
 

Troubled Brazilian meatpacking giant JBS SA said it expects to wrap up its asset-sale plan by the end of the year, and might not need to further renegotiate bank loans.

 
Foxconn's Profit Down 39% Amid iPhone Production Woes 
 

Foxconn Technology Group posted a 39% drop in quarterly net profit amid production challenges dogging its largest customer-Apple-over the new iPhone X.

 
CFTC Fines Norway's Statoil, Citing Market Manipulation 
 

The U.S. Commodity Futures Trading Commission said Tuesday that it fined Norway's Statoil ASA $4 million for attempting to manipulate energy markets in 2011.

 
Paris Scoffs at Airbnb Plan to Curb Illegal Rentals 
 

Airbnb plans to curb rentals of some of its most popular listings in the French capital, expanding its bid to placate regulators in the U.S. and Europe-but not enough to satisfy some city officials here.

 
SL Green Agrees to Sell 43% Stake in 1515 Broadway in Manhattan to Allianz 
 

SL Green Realty Corp. has agreed to sell a 43% stake in a Times Square office tower to Allianz Real Estate in a deal that values the 1.86 million square foot tower at $1.95 billion, the companies said.

 
Puerto Rico Utility Spurned Advice on Whitefish Deal 
 

Puerto Rico's power company didn't follow its lawyers' advice when it agreed to a $300 million grid-construction contract with Whitefish Energy Holdings.

 
 

(END) Dow Jones Newswires

November 14, 2017 17:15 ET (22:15 GMT)

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