SEC Wants Companies To Boost Cybersecurity, Brexit, Libor Phaseout Disclosures

Kyle Moffatt, chief accountant at the Securities and Exchange Commission's Corporation Finance Division, said the disclosures should include discussions of board risk oversight, disclosure controls and procedures, and insider trading policies as they relate to cybersecurity.

 
Juul Says It Will Quit Social Media

E-cigarette startup Juul Labs said it is shutting down its Facebook and Instagram accounts and curbing its use of other social media in the U.S., part of its response to the FDA's call for changes to curb underage e-cigarette use.

 
Alphabet Unit Plans to Launch Driverless Car Service in Coming Months

The head of Alphabet's Waymo unit said it plans to launch its first commercial self-driving car service in the next two months and expects businesses to be among its biggest customers.

 
Amazon Picks NYC, Northern Virginia for Its HQ2 Locations

Amazon announced New York City and Northern Virginia would be the homes for the company's second and third headquarters, ending a more than yearlong public contest that started with 238 candidates and ended with a split of its so-called HQ2.

 
Starbucks to Lay Off 5% of Corporate Workforce

Starbucks is planning to lay off approximately 5% of its global corporate workforce as the chain struggles to attract new and repeat customers to its U.S. coffee shops.

 
Chinese Car Maker Plans to Start U.S. Sales of Imported SUV in 2020

Chinese car maker Zotye Automobile International Co. plans to start selling a vehicle in the U.S. starting in 2020, despite new Trump administration tariffs imposed this year on vehicle imports from China.

 
SoftBank Investment Boosts WeWork Valuation to $45 Billion

Japanese conglomerate SoftBank has committed $3 billion to WeWork in a deal that values the company at about $45 billion, a major infusion of new funding by WeWork's largest investor.

 
Six TV Station Owners Settle Justice Department Antitrust Allegations

A group of six television station owners agreed to settle Justice Department charges that they used third-party firms to illegally coordinate on sales of local advertising spots.

 
Home Depot Ratchets Up Fiscal-Year Guidance

Home Depot reported third-quarter earnings up 32% from a year earlier and again increased its guidance for the fiscal year.

 
GE to Sell $4 Billion Stake in Baker Hughes

General Electric plans to sell up to 20% of its majority holding in oil services company Baker Hughes, providing around $4 billion in cash for the struggling conglomerate.

(END) Dow Jones Newswires

November 13, 2018 17:15 ET (22:15 GMT)

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