Big Tobacco Warns Against Menthol Ban 
 

The Food and Drug Administration is expected as soon as Thursday to announce it is working on a rule to ban menthol-flavored cigarettes. The cigarette industry says it may fight such a measure in the courts.

 
Activist Investor Gets Important Backing in Campbell Soup Fight 
 

Institutional Shareholder Services Inc. is recommending that the food-maker's shareholders vote for all five of activist hedge fund Third Point LLC's director nominees.

 
Berkshire Now Has a $4 Billion Stake in Largest U.S. Bank 
 

Warren Buffett's Berkshire Hathaway took a $4 billion stake in JPMorgan Chase & Co. in the third quarter, adding to a list of other large holdings in major American financial institutions.

 
GE Credit Crunch Ripples Across Wall Street 
 

A steep fall in GE's bonds to junk levels is roiling credit markets, spreading pain and gain among investors and banks.

 
Tencent Stock Rallies on Strong Earnings 
 

Tencent stock closed 5.8% higher after the Chinese tech giant reported a 30% rise in profit, more than analysts expected. The boost still leaves the company's Hong Kong-listed shares down nearly 30% in 2018.

 
Steve Wynn Seeks to Stop Release of Massachusetts Investigation 
 

Steve Wynn is asking a Nevada state court to stop Massachusetts gambling regulators from releasing a report on their investigation into sexual-misconduct allegations against the former casino mogul.

 
California's Largest Utility Pummeled by Wildfire Risks 
 

California's largest utility suffered its steepest stock plunge in 16 years Wednesday as concerns grew that potential liability costs from destructive wildfires threaten the company's financial future.

 
London Comes Off Second Best in This New Chinese Connection 
 

It's unclear whether U.K. companies will have much appeal for Chinese investors if they list in Shanghai

 
Three South Korean Firms Plead Guilty to Fixing Fuel Prices at U.S. Military Bases 
 

Three South Korean companies agreed to plead guilty and pay $236 million in criminal and civil penalties for conspiring to fix prices on fuel supplied to U.S. military bases in their country, the Justice Department said.

 
Lockheed Martin Lands $23 Billion Pentagon Contract 
 

Lockheed Martin has won a roughly $22.7 billion contract from the U.S. Department of Defense to deliver 255 F-35 jets, a move that comes after the defense contractor was tasked with lowering the price of its planes.

(END) Dow Jones Newswires

November 15, 2018 07:00 ET (12:00 GMT)