News Highlights: Top Company News of the Day
September 21 2017 - 1:30PM
Dow Jones News
Hackers Entered Equifax Systems in March
Hackers roamed undetected in Equifax's computer network for more
than four months before its security team uncovered the massive
data breach, a security firm said in a confidential note Equifax
sent to some of its customers.
EU Preps Tax Crackdown on Silicon Valley
The European Union said it is ready to propose new taxes on
companies like Facebook and Google by next spring if there isn't
"adequate global progress" toward a rewrite of corporate tax rules
at an international level.
Top Uber Investor Resists SoftBank Deal
As Uber works to finalize a potential multibillion-dollar
investment deal with Japan's SoftBank, one of the ride-hailing
giant's earliest and biggest shareholders has indicated it doesn't
intend to sell.
Impax Laboratories in Talks to Merge With Amneal Pharmaceuticals
Impax Laboratories Inc. is in talks to combine with rival Amneal
Pharmaceuticals LLC as the companies seek to build strength in a
challenging market for generic-drug makers.
KB Home Cuts CEO's Bonus After His Rant at Kathy Griffin
KB Home says it will cut its chief executive's annual bonus by
25% after a recording surfaced this week purportedly of the CEO
berating neighbor Kathy Griffin in an expletive-laced tirade with
sexist and antigay language.
CVS Health Moves to Limit Access to Opioid Painkillers
One of the largest managers of pharmaceutical benefits in the
U.S. says it will start limiting the duration and dose of some
prescriptions for opioid painkillers, in an effort to combat
widespread addiction.
Daimler to Invest $1 Billion in Alabama Plant
Daimler said it will invest $1 billion in its Alabama
manufacturing operations and start production of a fully electric
sport-utility vehicle, a move that comes as the German auto maker
expands its U.S. footprint and global electrification drive.
How Grocery Giant Aldi Plans to Conquer America: Limit Choice
Born in the ashes of WWII, the secretive German supermarket
chain Aldi offers shoppers limited choices and rock-bottom prices-a
formula expected to roil an American grocery market already
undergoing dramatic change.
Amazon Puts Whole Foods on Fast Track to Conventional Supermarket
Whole Foods will change the way companies can sell and market
their products beginning next year, banning "brand advocates" from
stores and pushing sellers to pitch to the grocer's Austin, Texas,
headquarters.
CRH Unveils $3.5 Billion U.S. Buy
Irish building-materials company CRH is expanding in the U.S.
with the acquisition of cement manufacturer Ash Grove for $3.5
billion.
(END) Dow Jones Newswires
September 21, 2017 13:15 ET (17:15 GMT)
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