News Highlights: Top Company News of the Day
September 21 2017 - 5:15PM
Dow Jones News
Top SEC Officials Only Recently Told of 2016 Filings Hack
The Securities and Exchange Commission's top officials weren't
told until recently about a 2016 cyberattack that penetrated its
system for public-company filings, raising questions about how the
breach was initially handled.
Facebook to Release Russian-Linked Ads to Congressional Investigators
Facebook has struck a deal with Congress to share Russia-backed
ads purchased during the U.S. presidential campaign with
congressional investigators, capitulating to political
pressure.
U.S. Considers Dropping Federal Oversight of AIG
U.S. officials are considering whether to remove federal
oversight of insurer American International Group Inc., according
to people familiar with the matter.
Equifax CEO to Testify at Senate Hearing on Data Breach
Equifax Chief Executive Richard Smith will testify in front of
U.S. senators next month about the company's handling of a data
breach that compromised the personal information of millions of
Americans.
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.
Liliane Bettencourt, Heiress to L'Oréal Fortune, Dies
Liliane Bettencourt, one of the world's richest women and
heiress to the L'Oréal cosmetics fortune, died Thursday. She was
94.
Telia to Pay Nearly $1 Billion to Settle Uzbek Bribery Claims
Swedish telecoms firm Telia Company AB agreed to pay nearly $1
billion to U.S. and Dutch authorities to settle allegations that
the company and a subsidiary paid about $331 million in bribes in
Uzbekistan.
(END) Dow Jones Newswires
September 21, 2017 17:00 ET (21:00 GMT)
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