News Highlights: Top Company News of the Day
September 25 2017 - 3:30PM
Dow Jones News
Target to Boost Minimum Wages in Battle for Workers
Target said it is raising its minimum wage to $11 an hour
starting next month and to $15 an hour within three years, as the
retailer competes to fill low-wage jobs in a tighter labor
market.
Accounting Firm Deloitte Says It Suffered Cyberattack
Accounting firm Deloitte said it had suffered a cyberattack in
which a hacker accessed data affecting a "very few" of its
clients.
AIG Retools Operating Structure Following Pledge From CEO
AIG is shuffling its structure and top leadership ranks as the
insurance giant looks to begin an expansion that is expected to
include acquisitions.
GE Agrees to Sell Industrial Unit to ABB for $2.6 Billion
General Electric agreed to sell its industrial-solutions
business to Switzerland's ABB in a $2.6 billion deal. A sign that
GE's new chief is moving ahead with efforts to streamline the
industrial giant.
CFTC Fines Citigroup Over Swaps Reporting
The Commodity Futures Trading Commission fined two Citigroup
subsidiaries for failing to properly report swap transactions, the
latest in a series of such penalties by the regulator.
Morgan Stanley to Pay $13 Million Over UIT Supervision
Wall Street's self-regulator ordered Morgan Stanley to pay $13
million in fines and restitution to clients for failing to properly
supervise trades that increased charges and fees to customers of
certain investment funds.
Unilever to Buy Korean Skin-Care Firm for $2.7 Billion
Unilever has agreed to buy Carver Korea, a Seoul-based maker of
toners and moisturizers, for $2.7 billion, the latest in a string
of skin-care acquisitions as it pivots toward higher-growth
sectors.
Allergan CFO to Retire, Drugmaker Plans $2 Billion Stock Buyback
Allergan said Chief Financial Officer Tessa Hilado plans to
retire but will stay on the job until her replacement is hired. The
company also authorized a $2 billion share repurchase and announced
plans to raise its dividend.
Microsoft Aims to Make Business AI Cheaper, Faster, Simpler
Microsoft plans to unveil its first product in a new line of
software aimed at taking on IBM and others in the growing market to
apply artificial intelligence to everyday business needs.
China Considers Rule Change That Could Aid Tesla
China is considering relaxing rules requiring foreign auto
makers to have a local partner, a move that could pave the way for
Inc. to build vehicles there.
(END) Dow Jones Newswires
September 25, 2017 15:15 ET (19:15 GMT)
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