News Highlights: Top Company News of the Day
January 17 2018 - 5:15PM
Dow Jones News
Apple Plans to Pay $38 Billion in Repatriation Taxes
Apple said it plans to pay $38 billion in repatriation taxes on
profits held overseas, and said it would create a new U.S. campus
and create 20,000 jobs.
Goldman Sachs Loses Its Trading Edge
Goldman Sachs posted its first quarterly loss in six years as a
dismal showing by its trading unit compounded a one-time charge
related to the new tax law.
Starboard Value to Launch Proxy Fight for Entire Board at Mellanox
Starboard Value LP is launching a fight to remove the entire
sitting board at semiconductor company Mellanox Technologies, the
latest attempt by the New York activist to take over a whole
boardroom.
Shari Redstone Seeks to Shake Up CBS Board, Pushes for Viacom Deal
Shari Redstone is advocating for new blood on the board of CBS
Corp. as she renews her push to merge the company with Viacom Inc.,
according to people familiar with the matter.
Facebook Widens Probe Into Alleged Russian Interference in Brexit
Facebook Inc. said it was broadening its investigation into
whether Russia attempted to meddle in the 2016 referendum on
Britain's membership in the European Union, after its earlier probe
found only a minimal amount of activity.
Wells Fargo Risk Chief to Retire
Wells Fargo's Chief Risk Officer Michael Loughlin is retiring as
the bank continues to face heightened regulatory scrutiny,
especially over its risk- management practices.
FTC Probes Broadcom Over Negotiations With Customers
The FTC is investigating whether Broadcom engaged in
anticompetitive tactics in negotiations with customers.
For GE, a Breakup Is No Quick Fix
While GE's core Aviation, Power and Healthcare divisions would
be among the biggest players in their markets, separating them
would require unraveling intertwined operations, pensions and
debts.
Christie's Suspends Arrested Ex-CIA Officer
A former CIA officer arrested on charges of unlawfully retaining
classified information has been suspended by Christie's as its head
of security in Hong Kong.
U.S. Bancorp Earnings Boosted by Tax Law
U.S. Bancorp, the biggest regional bank in the country, said
Wednesday that the new tax law helped boost its fourth-quarter
earnings.
(END) Dow Jones Newswires
January 17, 2018 17:00 ET (22:00 GMT)
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