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Uber Suffers Blow as EU's Top Court Rules It Is a Transport Company

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Uber suffered a major defeat in its effort to overturn strict rules and licensing requirements in Europe, after the bloc's highest court ruled the ride-hailing company should be regulated as a transportation service, rather than a digital service.

Subaru Probes Potential Fabrication of Fuel-Economy Data

The Japanese car company's latest disclosure adds to a scandal that has damaged its domestic business but not its core U.S. market.

Deals Boom in Push to Move Health Care Out of Hospitals

Health insurers, hospitals and other health-care companies are planning or contemplating deals, reflecting industry upheaval as Americans get more medical care away from hospitals.

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FDA Blesses Blindness Treatment That Could Cost $1 Million

The Food and Drug Administration approved for sale the first therapy in the U.S. that delivers a functional gene to replace a faulty, disease-causing one.

Big U.S. Banks Get Satisfactory Grades on 'Living Wills'

The eight largest and most complex U.S. banks received satisfactory grades on their latest "living will" bailout-prevention plans, a milestone that further reduces the already-remote possibility that any of the firms would be broken up by the government.

Micron Calms Fears of Memory Chip Downturn

If nothing else, Micron's latest earnings report should allow nervous chip investors to enjoy their holiday in peace.

FedEx Raises Forecast, Says Tax Changes May Help Even More

FedEx Corp., saying it is on track for a record holiday season, raised its earnings forecast for the year Tuesday and said the outlook could improve even more if Congress's tax overhaul is signed into law.

Nebraska Refuses to Amend Keystone XL Application

The Keystone XL pipeline could face more delays after Nebraska regulators denied a request by TransCanada Corp. to refile its application for the project.

Merrill Lynch Fined $1.4 Million Over Margin Credit, Other Violations

Merrill Lynch agreed to pay $1.4 million to settle claims that it improperly extended hundreds of millions of dollars in excess credit to customers who traded certain bonds and equities with the firm, Finra said.

Toys 'R' Us Earnings Hurt by Baby, Learning Categories

Toys "R" Us Inc. said its latest quarter was disappointing as the struggling toy seller charts a path after it filed for chapter 11 bankruptcy protection in September.

(END) Dow Jones Newswires

December 20, 2017 05:15 ET (10:15 GMT)