GE Chief Adds Some Caution to 2018 Profit Goal
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Jeff Immelt, General Electric Co.'s chief, said the conglomerate would likely need additional cost cuts to reach a closely watched 2018 profit target, given current struggles in global oil and gas markets.
Cerberus, American Eagle Work on Abercrombie Bid
Private-equity firm Cerberus Capital is working on a bid for teen-apparel retailer Abercrombie & Fitch alongside American Eagle, which could give American Eagle a leg up in the pursuit of its struggling rival.
Ford's Exiting CEO to Get Part of Bonus, Promised Stock Awards
Ford will pay outgoing Chief Executive Mark Fields a sizable portion of a promised bonus for 2017, all of the promised stock awards for the year and temporary use of company aircraft as part of an exit package outlined Wednesday.
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Another Insurer Leaves Missouri's Affordable Care Act Exchange
Blue Cross and Blue Shield of Kansas City says it lost more than $100 million through 2016 offering exchange insurance plans
CME Chairman and CEO Terrence Duffy Suffers Collapsed Lung
CME Group's Chairman and CEO Terrence A. Duffy has suffered a collapsed lung and is recuperating at home. The company said he is "expected to make a full recovery returning to work in the next couple of weeks."
Investor Loeb to Seek Changes to Dow-DuPont Post-Merger Plan
Activist investor Dan Loeb plans to publicly push for changes to the complicated combination and breakup of Dow Chemical and DuPont, according to a presentation reviewed by The Wall Street Journal.
BNP Paribas to Pay $350 Million to Settle New York Forex Allegations
BNP Paribas agreed to pay a $350 million penalty to resolve allegations by New York's banking regulator that foreign-exchange traders at the French bank engaged in collusion to manipulate currency rates.
Lawmakers Seek Deutsche Bank Details on Russia Trades, Trump Loans
Democratic lawmakers have asked Deutsche Bank to provide details about its internal reviews into Russian trades and clients, as well as loans made to President Donald Trump, according to a letter made public on Wednesday.
Holding Company of Brazil's JBS in Talks to Settle Corruption Case
J&F Participações, the holding company of meatpacker JBS that is involved in Brazil's vast corruption scandal, is willing to shell out at least $1.3 billion as part of a leniency deal with prosecutors, said a person close to the discussions.
France's Safran Cuts Offer for Zodiac Aerospace by About 15% to $8.2 Billion
French aerospace supplier Safran said it cut its bid price for Zodiac Aerospace about 15% to about $8.2 billion after renewed profit headwinds came to light at the beleaguered plane cabin-interior specialist.
(END) Dow Jones Newswires
May 24, 2017 17:15 ET (21:15 GMT)