News Highlights: Top Company News of the Day

Features Dow Jones Newswires

SoFi CEO Mike Cagney to Leave Firm Immediately

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Online lender Social Finance said CEO Mike Cagney would immediately step down and give up his seat on the company's board, an about-face as the company deals with accusations of improper workplace culture.

'Angry Birds' Maker Rovio Sets Pricing for $1 Billion IPO

Rovio Entertainment, the company behind the "Angry Birds" mobile gaming franchise, confirmed the pricing for its initial public offering, which will value the company at about $1 billion.

Nissan-Renault Seeks to Boost Annual Vehicle Sales to 14 Million

Carlos Ghosn, heading the alliance of Nissan Motor, Renault and Mitsubishi Motors, is rolling out a new goal of selling 14 million vehicles annually by 2022. The new target represents a 40% increase for the auto maker compared with 2016 sales.

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Tech Industry Finds Washington Isn't So Hands-Off Anymore

New scrutiny by Congress of Facebook Inc. over its acceptance of Russian ad buys is just the latest in a string of political challenges facing technology firms, which long enjoyed a hands-off approach from Washington.

For Amazon, Can Two Headquarters Still Equal One Culture?

In planning Amazon's second headquarters, CEO Jeff Bezos faces a new challenge: how to maintain the online retail giant's carefully cultivated culture when he can't be in two places at once.

Made You Click: How Facebook Fed You Political Ads for Less Than a Penny

Political ads on Facebook got into your news feed at a cost of less than a penny each-highlighting the outsize reach contentious paid content can have on the social-networking site.

Drug Stocks Benefit from the Sound of Silence

A movement to crack down on high drug prices appears to have fizzled, giving stock prices a lift.

Nestlé Buys Majority Stake in Premium Coffee Chain Blue Bottle

Nestlé SA is buying a majority stake in the premium coffee chain Blue Bottle Coffee as the Swiss giant invests in a fast-growing part of the coffee business and continues to extend its reach through buying niche brands.

Alphabet in Talks to Invest About $1 Billion in Lyft

Google parent Alphabet has held talks to invest about $1 billion in Lyft, according to people familiar with the matter.

Facebook to Open AI Center in Montreal

Facebook Inc. plans to announce the opening of a new artificial intelligence center in Montreal, marking the latest move by a U.S. firm to tap into Canada's expertise in the technology.

(END) Dow Jones Newswires

September 15, 2017 09:15 ET (13:15 GMT)