News Highlights: Top Company News of the Day
September 22 2017 - 1:30AM
Dow Jones News
Hewlett Packard Enterprise to Cut 10% of Workforce
Hewlett Packard Enterprise Co. plans to cut its workforce by
10%, according to a person familiar with the plans, the latest cost
cuts as the business-technology giant combats increasing
competition and higher component prices.
General Motors to Lay Off Over 250 Workers at Ontario Plant
General Motors Co. is laying off more than 250 workers from an
engine factory in Canada and trimming production at two U.S.
facilities, fallout from a strike at a vehicle-assembly plant that
is jeopardizing the supply of GM's top-selling sport-utility
vehicle.
SoFi Faces New Sexual Harassment Claim Days After CEO's Departure
A former employee of embattled online lender Social Finance Inc.
accused the company of tolerating sexual harassment in a lawsuit
filed Thursday.
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.
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.
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.
Facebook Says It Will Hand Over Russia-Backed Ads to Congress
Facebook, under fire for its response to Russian activity on its
site before the U.S. presidential election, agreed to hand over
detailed information on thousands of Russian-backed ads to
congressional investigators.
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.
GGP Names New Finance Chief
GGP Inc., one of the largest real-estate investment trusts in
the U.S., said Thursday that Heath Fear will serve as its next
chief financial officer.
GenOn Invites Buyout Offers in Bankruptcy
GenOn Energy Inc. has launched a hunt for buyers as it moves
toward a decision in a $620 million dispute that could rattle its
bankruptcy restructuring.
(END) Dow Jones Newswires
September 22, 2017 01:15 ET (05:15 GMT)
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