News Highlights: Top Company News of the Day

Features Dow Jones Newswires

IMF Identifies Nine Big Banks Likely to Struggle With Profitability

Continue Reading Below

The International Monetary Fund said some of the world's largest financial institutions-including Deutsche Bank, Citigroup, Barclays and a few Japanese institutions-could struggle in coming years to remain sufficiently profitable.

Qualcomm Is Fined $773 Million by Taiwan Over Patent Practices

Qualcomm was fined about $773 million by the Taiwanese government, the latest setback as the chip maker defends its patent-licensing business against an international wave of regulatory and legal challenges.

Weinstein Co. Considers Delaying Release of 'The Current War'

Weinstein Co.'s challenges continued to pile up following the ouster of co-chairman Harvey Weinstein, with the company reassessing plans for future movie releases and one business partner tightening payment terms for routine work.

Continue Reading Below

Beijing Pushes for a Direct Hand in China's Big Tech Firms

The Chinese government is pushing some of its biggest tech companies-including Tencent, Weibo and a unit of Alibaba-to give the state a stake in them and a direct role in corporate decisions.

Coach Changes Its Name to Tapestry

Coach Inc. is becoming Tapestry Inc., in an effort to reflect the multiple brands, including Kate Spade, now under its umbrella.

Kroger Weighs Sale of Convenience Stores

Kroger said it may sell its convenience stores and cut other costs, as the nation's largest traditional grocer battles Amazon.com and other new competitors.

Retailer J. Jil Cuts Sales Targets

Women's clothing retailer J. Jill painted a bleak picture for its October quarter, blaming sluggish sales and traffic on "product and marketing calendar issues."

AllianceBernstein Considers Moving Some Staff Away From New York

AllianceBernstein Holding LP is in talks to shift some staff out of New York in the latest example of money managers trying to cut expenses as investors plow money into index-tracking funds with lower fees.

CSX, Shippers Clash Over Service Problems

CSX's chief executive and shippers clashed over CSX service issues during a hearing called by the Surface Transportation Board amid complaints about widespread shipping delays over the summer.

Delta Will Take Bombardier Jets

Delta said it doesn't expect to pay the tariffs proposed by U.S. trade officials on new Canadian jetliners and still plans to take delivery of the Bombardier planes. The airline also reported better-than-expect quarterly profit.

(END) Dow Jones Newswires

October 11, 2017 19:15 ET (23:15 GMT)