Square Revives Request to Start a Bank 
 

Square plans to refile paperwork with state and federal regulators to open a wholly owned bank in Utah, as the financial-technology firm seeks to offer loans, deposit accounts and prepaid cards to small businesses.

 
SoftBank Finds Limits to Its Love for WeWork as Investors Push Back 
 

Key investors in SoftBank's giant tech fund have balked at a planned $16 billion investment in co-working startup WeWork, leaving SoftBank chief Masayoshi Son to find an alternative as his ambitions hit up against the limits of his financial firepower.

 
General Mills Gets Boost From Charging More for Its Food 
 

Raising prices this year helped General Mills improve its profit margin despite higher freight costs and disappointing sales growth.

 
Wife of Jailed Nissan Director Greg Kelly Says He's a Victim of Boardroom Coup 
 

The wife of Greg Kelly, the Nissan director jailed alongside former Chairman Carlos Ghosn in Japan, said her husband was caught up in a plot by the CEO to seize control of the car maker from Mr. Ghosn. Nissan says alleged misconduct landed them in jail.

 
Pfizer, Glaxo to Create Over-the-Counter Drug Giant 
 

Pfizer and GlaxoSmithKline plan to combine their consumer health units and eventually spin off the joint venture, creating the world's largest seller of drugstore staples.

 
Apple Pushes Out Software Update to Avoid China iPhone Ban 
 

Apple sought to avoid a ban on the sale of older iPhones in China by releasing a software update that some lawyers say could allow the company to keep selling those products in the world's largest smartphone market.

 
Boeing Faces Escalating Feud With Lion Air Over Plane Crash 
 

Boeing is facing unusually public criticism from a major customer, Lion Air, as the two try to minimize fallout from a fatal crash.

 
MetLife Reaches Pension Settlement With Massachusetts 
 

MetLife will pay a $1 million fine to Massachusetts in its first regulatory settlement after the insurer failed to pay 13,500 people their pension benefits.

 
Sears Bankruptcy Battle Tests Credit Default Swaps Market 
 

A legal dispute over the handling of insurance contracts on the retailer's debt is putting the effectiveness of such instruments in doubt and raising questions about fairness in the bankruptcy process.

 
Bristol-Myers to Sell French Unit to Japan's Taisho for $1.6B 
 

Bristol-Myers Squibb said it has received a $1.6 billion offer for its French consumer-health unit from Japan's Taisho Pharmaceutical.

(END) Dow Jones Newswires

December 19, 2018 09:15 ET (14:15 GMT)