News Highlights: Top Company News of the Day
September 21 2017 - 7:15PM
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 Says It Will Hand Over Russia-Backed Ads to Congress
Facebook, under fire for its response to Russian activity in the
U.S. presidential election, said it would take steps to increase
political transparency on its site and has agreed to hand over
detailed information on thousands of Russian-backed ads to
congressional investigators.
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.
Google and Its Partners Will Issue Refunds to Advertisers Over Fake Traffic
Alphabet Inc.'s Google confirmed it will issue refunds for ads
bought through its systems that ran on websites with fake traffic
and said a handful of its partners have agreed to do the same.
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.
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.
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.
(END) Dow Jones Newswires
September 21, 2017 19:00 ET (23:00 GMT)
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