Facebook Says Libra Cryptocurrency to be Regulated by Swiss Financial Authorities
Facebook said its Libra cryptocurrency will be regulated by Switzerland's financial watchdog, adding the digital money would never compete with national currencies or undermine the role of central banks.
Unilever Uses Virtual Factories to Tune Up Its Supply Chain
The consumer-goods company is building virtual versions of its factories, using data streaming from sensor-equipped machines to create digital models that can track physical conditions and enable testing of operational changes.
Blackstone Close to Deal to Buy CRH Division
Global buyout firm Blackstone Group Inc. is in advanced talks to buy the European distribution arm of CRH PLC, one of the world's largest building-materials suppliers, according to people familiar with the matter.
Charles Schwab in Talks to Buy USAA Wealth-Management, Brokerage Units
Charles Schwab is in talks to buy brokerage and wealth-management operations from USAA for roughly $2 billion, a move that would push the discount-brokerage pioneer further into financial advice.
Nomura Securities to Repay Customers $25 Million
Nomura Securities agreed to pay customers $25 million after the SEC said bond traders at the investment bank inflated its profit in the sale of commercial and residential mortgage-backed securities.
Bloomberg Terminals to Get Broad Access to Dow Jones News
Bloomberg terminal subscribers will have broad access to Dow Jones & Co. news content beginning Monday.
Citigroup Reports Higher Earnings as Bank Results Kick Off
Citigroup reported that profit increased 7% and beat analysts' expectations as the New York lending giant benefited from favorable conditions in the U.S. economy.
VW Develops CO2-Saving Gearbox Amid Looming Regulations
Volkswagen has developed a gearbox that it says will help reduce carbon dioxide emissions as European automakers face looming regulations.
Callon Petroleum to Buy Carrizo Oil for $1.2 Billion in Stock
Callon Petroleum has said it would buy Carrizo Oil & Gas Inc. for $1.2 billion in stock as the oil company seeks to build scale in key production areas in Texas, including in the Permian Basin and Eagle Ford shale production areas.
Boeing 737 MAX Grounding Could Stretch Into 2020
Boeing's 737 MAX planes are unlikely to be ready to carry passengers again until 2020 because of the time it will take to fix flight-control software and complete other steps, an increasing number of government and industry officials say.