News Highlights: Top Company News of the Day
September 22 2017 - 7:30PM
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.
Facebook Abandons Plans to Change Share Structure, Avoiding Lawsuit
Facebook on Friday abruptly abandoned its plan to change the
company's stock structure, heading off an impending public trial as
the social-media giant grapples with other controversies.
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.
AIG For Now Remains Under Federal Oversight
American International Group will remain under federal
supervision for now after U.S. officials discussed the firm's
future at a private meeting Friday
Kroger Pitches to Niche Food Product Brands
Kroger Co. is launching a website allowing local suppliers to
pitch niche products directly to buyers at the grocer's 2,800
stores, a response to rival Whole Foods Market's moves to be more
conventional.
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.
(END) Dow Jones Newswires
September 22, 2017 19:15 ET (23:15 GMT)
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