L Brands Names John Mehas as CEO of Victoria's Secret Lingerie 
 

L Brands Inc. said Monday it had hired a Tory Burch executive to take over its flagship Victoria's Secret lingerie business after the chain posted another quarter of declining same-store sales.

 
Ghosn Arrested as Nissan Plans Ouster for False Pay Filings 
 

Nissan Chairman Carlos Ghosn was arrested in Tokyo, and Nissan said it intended to oust him after uncovering 'significant acts' of financial misconduct, including underreporting his income in securities filings.

 
Société Générale to Pay $1.3 Billion to Resolve Violations 
 

French bank Société Générale agreed to pay $1.3 billion in fines and penalties related to U.S. federal and state allegations that it processed billions of dollars in transactions connected to Iran, Sudan, Cuba and Libya over the course of a decade.

 
Apple Suppliers Suffer With Uncertainty Around iPhone Demand 
 

Lower-than-expected demand for Apple's new iPhones and the company's decision to offer more models have created turmoil along its supply chain and made it harder to predict the number of components and handsets it needs.

 
Taylor Swift Tries to Help Fellow Artists With Universal Music Deal 
 

The biggest free agent in music signed a long-term deal with the world's biggest record company, in the process using her clout to try to score some points for other artists signed to the same label.

 
Former College Basketball Player Sues Adidas Over Payments 
 

Fallout from a federal probe of alleged corruption in college basketball entered a new chapter Monday as a former University of Louisville player sued Adidas alleging the sports-clothing maker violated racketeering laws by paying families of high-profile recruits.

 
Mercuria Is Favorite to Buy Bankrupt Aegean Marine 
 

Swiss commodities trader Mercuria Energy is moving to buy bankrupt Aegean Marine Petroleum, believing tough new fuel emissions rules will lead to the bigger financial returns needed to turn around the distressed business.

 
Paulson Agrees to Buy Stake in Asset Manager From HNA 
 

John Paulson's hedge fund agreed to buy a stake in $238 billion asset manager BrightSphere from HNA Group Co.

 
Aramco Abandons Plan for Massive Corporate-Bond Sales to Fund Sabic Deal 
 

Saudi Aramco no longer plans to launch what would have been one of the world's largest-ever corporate-bond sales to fund a roughly $70 billion stake in the kingdom's national petrochemical firm, looking instead to options requiring less public disclosure

 
GE Veteran John Rice Returns to Troubled Power Unit 
 

General Electric said one of Jeff Immelt's top lieutenants was returning to the company to help oversee a restructuring at its power division.

 
 

(END) Dow Jones Newswires

November 19, 2018 17:15 ET (22:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.