Brazil Prosecutors File Charges Against Vale for Deadly Dam Collapse 
 

Brazil prosecutors have charged executives at Vale and its auditor with crimes in a 2019 dam collapse that killed 270 people, according to a person familiar with the matter.

 
Starbucks Pledges to Slash Water Use and Waste 
 

Coffee giant aims to serve more coffee in reusable cups, curb food and packaging waste, and build stores that make more efficient use of energy and water.

 
McDermott International Reaches Agreement With Lenders 
 

McDermott International said it has reached an agreement with more than two-thirds of its lenders in a restructuring transaction that would eliminate more than $4.6 billion in debt.

 
BP Names New Finance Chief Ahead of CEO's Retirement 
 

Brian Gilvary will retire at the end of June and be succeeded by Murray Auchincloss, expanding changes to the company's leadership ahead of Chief Executive Bob Dudley's planned retirement.

 
UBS Stumbles as Switzerland's Largest Bank Lowers Its Targets 
 

UBS shares fell 5% after the bank missed its 2019 financial goals and lowered its targets to reflect tough market conditions.

 
Halliburton Swings to 4Q Loss on Impairments 
 

Oil-field services company Halliburton swung to a fourth-quarter loss as it booked impairments and other charges as well as lower revenue.

 
Tyson Scion to Lead Sustainability Push 
 

John R. Tyson, a member of Tyson's founding family, is calling on the meat industry to address issues like resource conservation and food waste.

 
New Ally Financial CIO Prioritizes AI 
 

The company's new chief information officer aims to update its financial tools with more innovations made possible by artificial intelligence, with security baked into the development process.

 
Prada and LVMH to Drop Leases as Hong Kong's Retail Sparkle Fades 
 

Hong Kong landlords, used to charging top dollar for flagship stores, are suddenly in flash-sale territory. Prime retail rents dropped in late 2019, as social unrest disrupted commerce, and rents in the glitziest enclaves are expected to fall again this year.

 
IBM Sales Expected to Dip Despite Red Hat Purchase 
 

Technology giant IBM may be heading for its sixth successive quarter of year-over-year revenue decline-although it has been trying to reverse that slide, in part through the $33 billion purchase of Red Hat.

(END) Dow Jones Newswires

January 21, 2020 11:15 ET (16:15 GMT)