News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Amazon Seeks Prime Location for $5 Billion Second HQ

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Amazon said it plans to open a second headquarters somewhere in North America that will house up to 50,000 employees and cost $5 billion to build and operate.

Citigroup Taps Second UBS Banker This Week

Citigroup Inc. has tapped a UBS Group AG investment banker to head up its chemicals coverage for Europe, the Middle East and Africa, the second time this week the big U.S. bank has announced a new hire from its Switzerland-based rival.

Multinationals Fight for Their Margins in China

Western multinationals are fighting harder to hold on to their margins in China due to overcapacity and an improvement in the quality of Chinese-made products.

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A Stock to Ride Two Hot Tech Trends

Samsung SDI will get a boost from Apple's use of sharp new iPhone screens and from its electric cars in its battery business.

Law Enforcement Concerns Slow Commercial Drone Regulations

Some industry officials are concerned FAA's already delayed initiatives to open up more airspace for booming drone applications may face further complications.

Facebook Identifies $100,000 in Ad Spending by Fake Accounts With Suspected Ties to Russia

Facebook said it has identified about 500 "inauthentic" accounts responsible for $100,000 in advertising spending that it believes have ties to Russia, following a review of ad buying on the site in response to intelligence-community concerns about Russian activity during the 2016 election.

Sanofi Stops Work on Two Zika Vaccines

Drugmaker Sanofi has ended its development of two Zika virus vaccines, citing a decline in new infections and limits on U.S. government funding.

Trian Details Its Case for Changes at P&G

Activist investor Nelson Peltz laid out his case for why Procter & Gamble Co. should give him a board seat, painting a picture of a company impenetrable to outsiders and incapable of navigating the changing consumer landscape.

Toys 'R' Us Seeks Help With Its Debt

Toys "R" Us Inc. has retained lawyers from Kirkland & Ellis LLP to help restructure $400 million in debt due next year, a person familiar with the matter said, the latest move by the toy chain as it struggles with growing online competition.

Restoration Hardware's Stock Surges as It Raises Forecast

Restoration Hardware's transformation is beginning to pay off, executives say, as the home-furnishings retailer's efforts to change its business model and streamline its supply chain helped it beat expectations.

(END) Dow Jones Newswires

September 07, 2017 07:15 ET (11:15 GMT)