News Highlights: Top Company News of the Day
January 18 2018 - 3:15AM
Dow Jones News
Apple to Pay $38 Billion in Taxes on Cash Overseas, Build U.S. Campus
Apple said it would pay a one-time tax of $38 billion on its
overseas cash holdings and ramp up spending in the U.S., as the
world's most valuable public company seeks to emphasize its
contributions to the American economy after years of criticism for
outsourcing manufacturing to China.
BHP Billiton Readies U.S. Shale Assets for Suitors
BHP Billiton is preparing to invite prospective buyers to go
over the books for its U.S. onshore oil-and-gas assets, but hasn't
abandoned alternative exit routes from its shale operations.
Verizon Teams With NBA on 'League Pass,' Fan Content
Verizon has struck a deal with the NBA that extends its
relationship with the league beyond streaming games and into
content creation as well as augmented-reality fan experiences.
Why Google's New App Won't Match Your Face to Art in Some States
Millions of people across the U.S. have downloaded an app to see
how a Google algorithm matched their selfies to historical artwork.
But for many residents of Illinois and Texas, the selfie tool was
missing. The reason? State bans on the collection of biometric
data.
Time for a New Policy on Chinese Insurance Giants?
China's insurance sector has emerged relatively unscathed from
Beijing's crackdown on the country's financial sector. But
valuations suggest investors are underestimating the risks.
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.
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.
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,
according to people familiar with the matter.
Stock Market's Crucial End-of-Day Auctions Set for Shakeup
Regulators dealt a blow to the New York Stock Exchange and
Nasdaq Inc., approving a plan by a rival to loosen their grip over
the crucial 4 p.m. closing auctions that determine the final
end-of-day prices for thousands of stocks.
Facebook Widens Probe Into Alleged Russian Interference in Brexit
Facebook 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.
(END) Dow Jones Newswires
January 18, 2018 03:00 ET (08:00 GMT)
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