News Highlights: Top Company News of the Day

Features Dow Jones Newswires

BP to Book $1.7 Billion Charge for Deepwater Horizon Claims

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BP said it would take a $1.7 billion charge in its fourth-quarter earnings because of settlement claims related to the 2010 disaster in the Gulf of Mexico.

Warburg Pincus Leads $621 Million Fundraising Round in China's Ziroom

Sequoia Capital, Tencent and seven other firms also invested in the Chinese apartment rental service provider.

Airbus Boss Takes Aim at Trump's Trade Stance

Airbus Chief Executive Tom Enders has flatly accused the Trump administration of protectionism, while criticizing rival Boeing for exploiting such sentiments.

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Fiat Chrysler CEO Rules Out Selling Brands or Splitting Up Company

CEO Sergio Marchionne said Monday he has no plans to sell its Jeep business or split up the company, cooling speculation but leaving the company's long-term strategy unclear.

Subaru Predicts a 2018 Gain in U.S. Sales as Cupholders Runneth Over

Subaru is striking a rare note of optimism about American car buyers by projecting a bump in 2018 sales even as overall volume declines, as it brings a behemoth SUV with 19 cupholders to showrooms.

Shell Bids a Long Goodbye to Middle Eastern Oil

Royal Dutch Shell is giving up on its last oil fields in Iraq, leaving the world's second-biggest oil company with a dwindling footprint in the Middle East-a region it helped build into a petroleum powerhouse.

Looking for an Affordable Ride? Try A Mitsubishi Lot

In an era when U.S. buyers are spending record amounts for cars and trucks, Mitsubishi Motors Corp.'s low-cost showroom is a rare haven for new-vehicle buyers hunting for an efficient and less-expensive way to get from Point A to Point B.

Pension Sues Canadian Banks Alleging Manipulation of Rate

A Colorado pension fund is suing Canada's top six banks and three other lenders for allegedly manipulating a key Canadian lending rate.

Chinese Auto Maker Dumping 'Trumpchi' Name For U.S. Push

Guangzhou Automobile Group is planning to be the first Chinese auto maker to enter the U.S. market, but first it needs to ditch its "Trumpchi" brand name.

Apple and Tencent Reach Deal to Let WeChat Users Dole Out Tips

Apple and Chinese technology giant Tencent have settled their tiff over tips, allowing users of Tencent's popular WeChat messaging app to resume giving monetary gifts to their favorite video-streaming stars and content creators.

(END) Dow Jones Newswires

January 16, 2018 05:15 ET (10:15 GMT)