Nestle Tries to Tackle Big Food's Plastic Problem 
 

The Swiss consumer-goods company pledged to cut its use of plastic made from fossil fuels by a third in five years and said it would invest up to $2.08 billion to find more recycled material, a particularly big challenge for the food industry.

 
Morgan Stanley Profit Soars, Closing Out a Banner Year 
 

The bank's fourth-quarter profit rose 46% from a year ago, capping off the bank's best year on record.

 
Amazon Sought $1 Billion in Incentives on Top of Lures for HQ2 
 

As Amazon began a search for a second headquarters in 2017, and billions in economic incentives to go with it, CEO Bezos and his top lieutenants set another goal: to secure an additional $1 billion of economic incentives for other real-estate projects.

 
Payless ShoeSource Emerges From Bankruptcy 
 

Payless ShoeSource has emerged from the chapter 11 bankruptcy protection it filed for in February, and the retailer said it has named a new executive management team.

 
Far Point to Buy Global Blue From Silver Lake 
 

A blank-check company launched by former New York Stock Exchange President Thomas Farley said it plans to buy Swiss payments company Global Blue for $2.6 billion, including debt.

 
PPG Paints Dim Picture for 2020 
 

The company said sales this year would be affected by new challenges including 'lower production rates by an aerospace customer.'

 
China Touts Its Belt-and-Road Effort as Collaborative, but Foreign Companies Feel Left Out 
 

A small number of foreign companies have been invited to participate in the trillion-dollar transcontinental infrastructure program, and Beijing has kept many partner nations at arm's length, a study by the European Union Chamber of Commerce in China argues.

 
Major Firms Shared Vulnerability Used in Travelex Cyberattack 
 

A vulnerability at Travelex that was exploited by hackers to disrupt the money-exchange company existed at dozens of major companies and institutions, potentially leaving them open to similar breaches, according to a cybersecurity firm.

 
Panel Clears 737 MAX's Safety-Approval Process at FAA 
 

Federal regulators' certification of the Boeing 737 MAX was effective and evaluating it as an all-new plane wouldn't have led to a safer plane, an independent panel set up last year found.

 
Sears Advisers Rack Up $200 Million in Fees as Vendors Await Payment 
 

Suppliers that stocked the shelves during Sears's bankruptcy are being forced to swallow losses and some employees won't get severance they are owed, even as law firms are guaranteed full payment for their work on the retailer's chapter 11 case.

(END) Dow Jones Newswires

January 16, 2020 11:15 ET (16:15 GMT)