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Political Path Narrows for Exxon Deal With Russian Firm

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Bipartisan political opposition is taking shape to the request by Exxon Mobil Corp. for a waiver from U.S. sanctions to allow it to drill with Russian state-oil giant PAO Rosneft in the Black Sea.

Mattel's Sales Slump Confronts Its New CEO

Leftover toys spoiled the debut of Mattel Inc.'s new chief executive. The toymaker's sales plunged 15% in the first quarter as retailers delayed buying new products until they cleared inventory left from the weak holiday season.

Visa Posts Stronger-Than-Expected Results but Profit Falls on Charges

Visa Inc. reported profit and revenue increases for the first three months of 2017 that beat Wall Street expectations thanks to robust growth in transactions and the amount cardholders charged.

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Deutsche Bank Fined $157 Million Over Alleged Violations

Deutsche Bank has agreed to pay $157 million in penalties to the Federal Reserve over alleged violations of rules on foreign-exchange trading and proprietary trading.

Ocean Rig Is Sheltered From Highland Capital's Litigation Threat

Highland Capital Management LP on Thursday was dealt a setback in its continuing challenge to Ocean Rig UDW Inc.'s debt restructuring proposal.

Citizens Defends Financial Checkup Program for Customers

Citizens Financial Group Inc. said it still has confidence in its program of setting up thousands of appointments with retail clients, but stopped providing some data on the initiative to investors in its first-quarter earnings report.

GE Is Overdue for Some Good News

GE's earnings report Friday could be the needed catalyst to get the conglomerate's shares going again.

Tesla Recalls Model S and Model X Vehicles Over Faulty Parking Brakes

Tesla Inc. said Thursday it is recalling 53,000 Model S sedan and Model X sport-utility vehicles over an issue with electric-parking brakes that could prevent them from being released.

CFPB Sues Mortgage Servicer Ocwen, Alleging Botched Services

Regulators sued Ocwen Financial, alleging the mortgage-servicing firm harmed thousands of customers by botching basic services.

RadioShack, Sprint Settlement Comes Under Fire

The settlement between RadioShack and store partner Sprint has come under fire as unsecured creditors want more time to digest the deal.

(END) Dow Jones Newswires

April 20, 2017 21:15 ET (01:15 GMT)