News Highlights: Top Company News of the Day
25 September 2017 - 6:30PM
Dow Jones News
AIG Retools Operating Structure Following Pledge From CEO
AIG is shuffling its structure and top leadership ranks as the
insurance giant looks to begin an expansion that is expected to
include acquisitions.
GE Agrees to Sell Industrial Unit to ABB for $2.6 Billion
General Electric agreed to sell its industrial-solutions
business to Switzerland's ABB in a $2.6 billion deal. A sign that
GE's new chief is moving ahead with efforts to streamline the
industrial giant.
Accounting Firm Deloitte Says It Suffered Cyberattack
Accounting firm Deloitte said Monday it had suffered a
cyberattack in which a hacker accessed data affecting a "very few"
of Deloitte's clients.
Target to Boost Minimum Wages in Battle for Workers
Target said it is raising its minimum wage to $11 an hour
starting next month and to $15 an hour within three years, as the
retailer competes to fill low-wage jobs in a tighter labor
market.
Allergan CFO to Retire, Drugmaker Plans $2 Billion Stock Buyback
Allergan said Chief Financial Officer Tessa Hilado plans to
retire but will stay on the job until her replacement is hired. The
company also authorized a $2 billion share repurchase and announced
plans to raise its dividend.
Facebook Shares Sink as Bad News Piles Up
A series of controversies are colliding Monday to send Facebook
Inc. shares to their worst day since November.
CEO Switch at Maker of Titleist Golf Balls
Acushnet Holdings Corp.'s chief executive is stepping down after
spending more than 40 years working at the golf-equipment company,
leaving his replacement to contend with slumping sales and a
business model heavily reliant on growing the market for Titleist
golf balls.
Target Adding Pinterest Search Tool to Its App
Pinterest struck a deal with Target to license its camera image
search tool, which Target will embed in its own app.
Microsoft Aims to Make Business AI Cheaper, Faster, Simpler
Microsoft plans to unveil its first product in a new line of
software aimed at taking on IBM and others in the growing market to
apply artificial intelligence to everyday business needs.
China Considers Rule Change That Could Aid Tesla
China is considering relaxing rules requiring foreign auto
makers to have a local partner, a move that could pave the way for
Inc. to build vehicles there.
(END) Dow Jones Newswires
September 25, 2017 13:15 ET (17:15 GMT)
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