News Highlights: Top Company News of the Day
December 18 2017 - 5:30PM
Dow Jones News
Tax Plan Strikes at Tech Giants' Foreign Profits
While most U.S. businesses would pay lower taxes under
congressional Republicans' proposed tax overhaul, some of the
world's richest tech companies might actually see their rates
rise.
Skipper Resigns as ESPN President, Citing Substance Abuse
John Skipper, president of Walt Disney Co.'s ESPN and
co-chairman of its Disney Media Networks unit, has resigned, citing
substance-abuse issues, the network said.
Hershey, Campbell Soup Bulk Up on Snacks
Campbell Soup Co. and Hershey Co. plan to buy smaller,
higher-growth snack companies in the biggest efforts yet to broaden
their cupboards well beyond soup and candy.
China's HNA Group Seeking Sale of $6 Billion in Overseas Property
One of China's biggest deal makers is looking to sell a large
portfolio of commercial properties in New York, London and other
major cities in a sharp reversal of its buying spree in recent
years.
EU to Investigate IKEA's Dutch Tax Arrangements
Swedish furniture retailer IKEA Group could be forced to pay
back millions of euros in alleged unpaid taxes to the Netherlands,
following an investigation opened Monday by the European Union.
Penn National Buys Rival Casino for $1.87 Billion
Casino operator Penn National Gaming will buy Pinnacle
Entertainment in a cash-and-stock deal worth roughly $1.87
billion.
Toyota Plays Catch-Up With Plans for More Than 10 EV Models
Toyota, which has lagged behind rivals in rolling out fully
electric vehicles, issued the first detailed outline of its
strategy, saying it planned more than 10 models world-wide by the
early 2020s.
Warren Buffett's Berkshire Hathaway Hits $300,000 a Share
Fifty-five years to the day after Warren Buffett bought his
first shares of Berkshire Hathaway Inc., the company he built into
a global powerhouse entered the $300,000 club. Membership: one.
Amazon Echo Prices Turn Market on Its Ear
Amazon.com's $30 price tag on the Echo Dot smart speaker is
triggering price cuts on Google Home devices and complicating Apple
Inc.'s HomePod prospects.
Carmakers Try to Cajole Consumers Into Caring About Air-Bag Recall
The biggest automotive recall in U.S. history is under way-of
faulty air bags-and auto makers are required to take unprecedented
steps to reach customers.
(END) Dow Jones Newswires
December 18, 2017 17:15 ET (22:15 GMT)
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