News Highlights: Top Company News of the Day
November 21 2017 - 09:15PM
Dow Jones News
Uber Reveals Data Breach and Cover-up, Leading to Two Firings
Uber Technologies on Tuesday revealed it paid hackers $100,000
in an effort to conceal a data breach affecting 57 million accounts
last year.
Trump Calls AT&T-Time Warner Deal 'Not Good for the Country'
President Donald Trump said AT&T's takeover of Time Warner
wouldn't be good for the country, weighing in on the $85 billion
transaction the day after the Justice Department filed a lawsuit to
block it.
Effort to Block AT&T-Time Warner Deal Gets Mixed Reception
Advocates of aggressive antitrust enforcement voiced support for
the Justice Department's challenge, while critics say mergers
between distributors and suppliers can produce efficiencies that
benefit consumers.
Meg Whitman to Step Down as Hewlett Packard Enterprise CEO
Meg Whitman will step down as chief executive of Hewlett Packard
Enterprise early next year, the company said Tuesday.
Venezuela Detains Citgo Executives for Alleged Corruption
The country's intelligence agency arrested six top executives at
the U.S. subsidiary of state-oil company PetrĂ³leos de Venezuela SA,
as part of what authorities are calling an anticorruption
"crusade."
Citibank Agrees to $6.5 Million Settlement Over Student Loans
Citibank agreed to pay $6.5 million to settle accusations by the
Consumer Financial Protection Bureau that it harmed people whose
student loans it serviced, including by giving misinformation about
a tax deduction.
Law Firm Sedgwick to Close in January
Law firm Sedgwick LLP is closing its doors after nearly 85 years
in business, the latest firm to succumb to increasing competition
in the legal market.
Akzo Nobel, Axalta Coating Systems Abandon Merger Talks
Akzo Nobel and U.S. rival Axalta Coating Systems said they
abandoned talks to merge after failing to agree on terms for the
proposed tie-up.
Disney Animation Chief to Take Leave After Apologizing
John Lasseter is taking a six-month leave of absence from the
senior creative post at Walt Disney Co.'s animation operations, he
told staff in an email that cited unspecified "missteps" on his
part, including making some personnel feel "disrespected and
uncomfortable."
CBS, PBS Sever Ties With Charlie Rose
CBS fired veteran broadcast journalist Charlie Rose after
reports of allegations of sexual harassment that the media company
called "extremely disturbing and intolerable."
(END) Dow Jones Newswires
November 21, 2017 21:00 ET (02:00 GMT)
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