Wells Fargo Close to Settling Risk-Management Claims With Regulators 
 

The San Francisco-based bank is close to settling claims by federal regulators related to its risk management, involving a fine of as much as $1 billion.

 
Philip Morris Shares on Track for Worst Day in a Decade 
 

Philip Morris was on track for its worst percentage decline in a decade, dragging down other tobacco stocks as cigarette volumes dropped more than expected and the IQOS product experienced slower growth.

 
Mattel Names New CEO as It Seeks Answer to Sales Slump 
 

Mattel hired former studio executive Ynon Kreiz to replace CEO Margo Georgiadis after about one year in the job, a surprising shake-up at a toy maker searching for a strategy that can end a four-year sales slump.

 
Allergan Says It Won't Make a Bid for Shire After All 
 

Drug maker Allergan said it won't submit an offer for rival Shire, changing its tune just hours after Allergan said it was considering such an offer.

 
AT&T Chief Takes Stand to Defend Time Warner Deal 
 

AT&T's Randall Stephenson began his court testimony defending his company's $85 billion acquisition of Time Warner against the Justice Department's antitrust claims.

 
Big Brands Like Raising Prices, but It Is Getting Harder 
 

The world's biggest consumer-products makers are struggling to raise prices, as fierce competition keeps a lid on sales growth.

 
PPG Investigating Internal Report of Accounting Violations 
 

Paint maker PPG Industries said it has launched an investigation after receiving a report alleging violations of its accounting policies.

 
Ad Giant WPP Resists Breakup Talk 
 

Advertising group WPP is resisting outside demands for a breakup of its sprawling empire in the wake of founder Martin Sorrell's departure.

 
Philadelphia Police Chief Apologizes for Starbucks Incident 
 

Philadelphia Police Commissioner Richard Ross offered an apology to two black men who were arrested last week at a Starbucks.

 
National Enquirer Parent, Staunch Trump Backer, Faces Mounting Debt, Shrinking Sales 
 

American Media Inc., publisher of the National Enquirer supermarket tabloid, faces ballooning debt, falling revenue and shrinking newsstand sales, according to company reports reviewed by The Wall Street Journal.

(END) Dow Jones Newswires

April 19, 2018 17:00 ET (21:00 GMT)