What's News: Business & Finance -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 24, 2017).

Amazon said 238 cities and regions had bid to be the site of the company's second headquarters, a project expected to be worth $5 billion over nearly 20 years.

GE shares took another pounding, reflecting fears that the firm may be forced to cut dividends.

U.S. stocks fell. The Dow shed 54.67 points to finish at 23273.96, with GE its worst performer.

Arconic named a former GE executive as CEO, as the aerospace parts firm missed earnings expectations.

Sears will stop selling Whirlpool appliances, following a pricing dispute. Separately, Whirlpool issued a profit warning.

Hartford agreed to acquire Aetna's group life and disability-insurance unit for $1.45 billion.

The Treasury criticized a CFPB rule that makes it easier to bring class-action suits against financial firms.

Russia's Kaspersky Lab pledged to turn over the source code for its antivirus software for review.

Cisco said it would pay $1.73 billion for BroadSoft, a maker of cloud-based communications software.

Potlatch intends to combine with Deltic Timber in an all-stock deal.

T-Mobile said it added 817,000 postpaid customers but hardly commented on merger talks with Sprint.

(END) Dow Jones Newswires

October 24, 2017 02:47 ET (06:47 GMT)

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