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3M Sells Optical Fiber Business to Corning for $900 Million

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Corning agreed to buy almost all of 3M's optical fiber and copper cable business for $900 million.

Mattel Warns of Weak Holiday Quarter, Two Weeks Before Christmas

Mattel warned of another gloomy holiday season as key brands continue to struggle and toy retailers tighten the amount of inventory they're willing to buy upfront.

Icahn to Nominate Four to Xerox Board

Xerox said that former Icahn Capital Managing Director Jonathan Christodoro resigned from its board so that investor Carl Icahn's organization could nominate four directors at Xerox's annual meeting in 2018.

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Software Firm Settles U.S. Security Probe

A telecom software company will resolve a criminal investigation of its use of uncleared Russian nationals working on a U.S. defense project by implementing a security plan that U.S. officials hope will be an industry model.

App Maker Halts Initial Coin Offering After SEC Investigation

The Securities and Exchange Commission intervened to halt a $15 million initial coin offering that would have evaded laws for how securities must be sold.

In New NFL Deal, Verizon Trades Mobile Exclusivity for Rights on Yahoo

Verizon Communications will no longer have the exclusive mobile rights to distribute the games to its wireless customers, but the $2 billion deal will expand the partnership to Verizon-owned platforms like Yahoo Sports.

Celebrity Chef Mario Batali Accused of Sexual Misconduct

Celebrity chef and television host Mario Batali stepped down from the day-to-day operations of his restaurant-management company following sexual-misconduct allegations.

Startup Affirm Gets Investment from GIC and a Valuation Nearing $2 Billion

Financial-technology startup Affirm Inc. said Monday that it raised $200 million in new equity as it battles larger players getting into its core business of lending to consumers for retail purchases.

SoftBank to Invest More in OneWeb

Japan's SoftBank Group has agreed to invest roughly $500 million more in satellite broadband provider OneWeb, according to a person familiar with the details.

HSBC to Be Released From U.S. Deferred Prosecution Agreement

HSBC is to be released from a controversial agreement that let it avoid U.S. criminal charges in 2012, after it was judged to have sufficiently improved its systems to keep out financial criminals.

(END) Dow Jones Newswires

December 11, 2017 13:15 ET (18:15 GMT)