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Smithers Enhances Global Tire and Wheel Testing Capabilities Through Expansion of Suzhou, China Lab

AKRON, Ohio–(BUSINESS WIRE)–#automotive–Smithers Rapra, a leader in automotive testing expertise, announced it has invested in expanded tire and wheel testing capabilities in Suzhou, China.

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Alcoa misses estimate as Brazil drought hits production

(Reuters) – Aluminum producer Alcoa Corp’s profit and revenue both missed market estimates for the fourth quarter as a drought in Brazil hit bauxite production and higher power prices in Spain boosted expenses, the company said on Wednesday.

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Fed fines Taiwan’s Mega Bank $29 million for anti-money laundering failures

WASHINGTON (Reuters) – The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan’s Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversight and controls.

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News digest: Govt cuts extra loans, GST Council meet, Sensex, and more

From government cutting extra loans to Sensex tops 35,000 high, BS brings you top stories to keep up with business news

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Verizon says new U.S. tax law to increase 4th-qtr earnings

NEW YORK (Reuters) – Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.

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Dow ends above 26,000 on earnings optimism

NEW YORK (Reuters) – U.S. stocks jumped on Wednesday and the Dow closed above 26,000 for the first time as investors’ expectations for higher earnings lifted stocks across sectors.

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Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

(Reuters) – Apple Inc will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.

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Valvoline to Report Financial Results for the First Quarter of Fiscal 2018 After Market-Close on Feb. 7 and Host a Webcast With Analysts and Investors at 9 a.m. ET on Feb. 8

LEXINGTON, Ky.–(BUSINESS WIRE)–Valvoline Inc. (NYSE: VVV), a leading worldwide supplier of premium branded lubricants and automotive services, today said it plans to report financial results for the first quarter of fiscal 2018 after market-close on Wednesday, Feb. 7, 2018, and to host a live audio webcast with analysts and investors the following morning at 9 a.m. ET. The webcast and slide presentation will be available on the company’s Investor Relations website at http://investors.valvolin

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Chariot and JPMorgan Chase Team Up to Ease Employee Commutes as Part of Smart Columbus Initiative

COLUMBUS, Ohio–(BUSINESS WIRE)–As part of the broader Smart Columbus initiative, commuter solution Chariot – a subsidiary of Ford Motor Company’s mobility arm – today announced it is expanding its service to Columbus, in partnership with JPMorgan Chase and in support of the city’s transformation to become a model for connected cities of the future. Chase will offer its employees the new transportation benefit in an effort to reduce the number of single-occupant vehicles on central Ohio roadwa

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True Wind Capital Recapitalizes Transflo

SAN FRANCISCO–(BUSINESS WIRE)–True Wind Capital leads new investment in Transflo to recapitalize the business and invest in the future of fleet management and logistics software.

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