News Highlights: Top Company News of the Day
September 22 2017 - 5:30PM
Dow Jones News
Siemens, Alstom in Talks to Merge Rail Transportation Businesses
German industrial giant Siemens and French train-maker Alstom
are in talks to create a European rail transportation powerhouse to
better rival strong competition from China.
London Says It Won't Reissue Uber's License
The U.K. capital's top transport authority said Uber was unfit
to hold on to its private-car hire license in the city, threatening
a shutdown of the service in one of the ride-hailing company's
biggest global markets.
Investors Wonder What's Next for L'Oréal and Nestlé After Bettencourt Death
The death of Liliane Bettencourt has placed a question mark over
the decadeslong ties between L'Oréal and Nestlé, two of the world's
largest consumer-goods companies.
Why Slow iPhone 8 Sales May Be Good for Apple
When new iPhones hit the market, they usually fly off the
shelves. But with the two models that began selling Friday, there
are signs demand is tepid-and some analysts say that could be a
good thing for Apple Inc.
U.S. Agency Backs Import Protection for Solar-Panel Industry
President Trump's pledge to offer American companies more
aggressive protection from foreign competition got fresh ammunition
Friday, when a government board cleared the way for him to deploy a
long-dormant legal weapon to restrict solar panel imports.
Tesla's SolarCity Hangover
Car maker's investors should be concerned after solar-panel
unit's Justice Department settlement over allegations of False
Claims Act violations.
Equifax Hack Upends CEO's Drive to Be Data Powerhouse
Richard Smith took over as chief executive of Equifax 12 years
ago this week. Under him, Equifax's market value more than
quadrupled as the credit-reporting company became a data
giant-before a systems breach raised questions about the company
and its leader.
Publisher of Elvis Presley, Ella Fitzgerald Sold for $245 Million
Music-focused private-equity firm Round Hill Music Royalty
Partners agreed to buy Carlin Music, one of the largest remaining
independent music publishers, according to people familiar with the
matter.
China Outpaces Silicon Valley in Mobile-Payments Race
China's online juggernauts Alibaba Group Holding and Tencent
Holdings are beating Silicon Valley in the race to build
mobile-money systems in some of the world's fastest-growing
consumer markets.
Nintendo Switches on the Growth
Japanese videogame maker Nintendo is having another renaissance,
but execution remains an obstacle to realizing investors' lofty
expectations.
(END) Dow Jones Newswires
September 22, 2017 17:15 ET (21:15 GMT)
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