News Highlights: Top Company News of the Day
Dollar General Warns of Slower Sales Growth
Dollar General said same-store sales grew in the most recent quarter, but profit was less than expected as it increases the portion of sales that come from less-profitable products like food.
WPP Will Pay Martin Sorrell More Than $2 Million in Shares as Part of Long-Term Bonus
WPP PLC said it would pay former Chief Executive Martin Sorrell shares worth more than GBP2 million, or about $2.7 million, as part of a long-term bonus, despite having threatened to withhold the payment.
Toyota to Boost U.S. Investment to Nearly $13 Billion by 2021
Toyota says it will boost planned investment in the U.S. to nearly $13 billion from $10 billion by 2021, a move that comes as the Trump administration considers tariffs on car imports.
Maker of AR-15 Can Be Sued Over Sandy Hook Massacre, Court Rules
Connecticut's Supreme Court is allowing a suit to move forward over the marketing of a gun used in the 2012 mass shooting at Sandy Hook Elementary School.
Facebook Says Outage Is Resolved
Facebook blamed one of its longest-ever outages on a change to its servers, saying the daylong disruption to its core app, Instagram and WhatsApp was resolved.
Steve Wynn Met With Treasury Officials About Opportunity Zones After Stock Sale
Steve Wynn met with Treasury Department officials last year as they were writing rules for a new tax incentive. The meeting took place months after the casino magnate was forced to quit as CEO of Wynn Resorts following sexual-misconduct allegations.
Crashed Jet's Black Boxes to Be Probed for Clues to 737 MAX's Safety
The black boxes from Ethiopian Flight 302 arrived in France for analysis, a key step in a probe that could help determine how long Boeing's 737 MAX jetliner remains grounded.
Tesla Names New Accounting Chief
Tesla named Vaibhav Taneja to the role of chief accounting officer as the electric-car maker looks to build up its C-suite team amid a wave of departures over the past year.
GE Warns of Another Year of Falling Profits
General Electric's forecast was in keeping with the conglomerate's recent cautionary outlook.
Big Banks Fined $100 Million for Hong Kong IPO Failures
Hong Kong's market regulator banned UBS from the most senior role on initial public offerings for a year, fining the Swiss bank and three rivals $100.2 million in total for cutting corners on IPOs.