News Highlights: Top Company News of the Day

Date : 02/15/2018 @ 12:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Cisco to Bring $67 Billion to U.S. After New Tax Law 

Cisco Systems Inc. plans to bring $67 billion of its foreign cash holdings to the U.S. this quarter following recent changes to U.S. tax law, in one of the largest repatriation plans yet revealed.

Wells Fargo Customer-Repayment Efforts Questioned 

Wells Fargo's botched efforts to repay customers hurt by improper fees on car loans and home mortgages are coming under congressional scrutiny.

Google Will Block Spammy Ads (Just Not Many of Its Own) 

Starting on Thursday, Google's Chrome browser will block certain types of online advertisements, a change Google is describing as user friendly. But some in the industry say the ad giant's move is self-serving, and they contend Google overly influenced the process that selected which ad types to block.

AT&T Targets DOJ Antitrust Chief in Time Warner Fight 

AT&T is considering an unusual bid to seek testimony from the Justice Department's antitrust chief in the coming trial over its $85 billion purchase of Time Warner, part of the companies' effort to challenge the legitimacy of the government's lawsuit.

Not Just Rockets? SpaceX gets Boost for Internet Satellite Venture 

A top U.S. regulator recommended approving SpaceX's plan to provide internet service through satellites, a move that could expand broadband availability across the U.S. and beyond.

Nordstrom Family Tries to Outrun Retail's Woes 

Nordstrom's founding family is reinventing their department stores as they restart talks with bankers about financing a buyout-but is the family's vision enough to survive the industry's calamities?

Fannie Mae to Require $3.7 Billion Government Cash Infusion 

Fannie Mae reported a net loss of $6.5 billion for the fourth quarter, the result of a one-time accounting charge triggered by the reduction in corporate tax rates.

Goldman Sachs Bolsters M&A Leadership 

Goldman Sachs Group is promoting Dusty Philip, an industrials banker, to co-run its merger business, Wall Street's leader.

Credit Suisse Sees Green Shoots Despite Taking U.S. Tax Hit 

Credit Suisse posted its third-straight annual loss as the U.S. corporate-tax overhaul erased what would have been a healthy return to profit for the Swiss banking giant.

PricewaterhouseCoopers to Sell Unit to Veritas Capital 

Accounting firm PricewaterhouseCoopers is selling its U.S. public-sector consulting business to private-equity fund Veritas Capital.


(END) Dow Jones Newswires

February 14, 2018 19:00 ET (00:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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