News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Siemens, Alstom in Talks to Merge Rail Transportation Businesses

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German industrial giant Siemens and French train-maker Alstom are in talks to create a European rail transportation powerhouse to better rival strong competition from China.

London Says It Won't Reissue Uber's License

The U.K. capital's top transport authority said Uber was unfit to hold on to its private-car hire license in the city, threatening a shutdown of the service in one of the ride-hailing company's biggest global markets.

Investors Wonder What's Next for L'Oréal and Nestlé After Bettencourt Death

The death of Liliane Bettencourt has placed a question mark over the decadeslong ties between L'Oréal and Nestlé, two of the world's largest consumer-goods companies.

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Why Slow iPhone 8 Sales May Be Good for Apple

When new iPhones hit the market, they usually fly off the shelves. But with the two models that began selling Friday, there are signs demand is tepid-and some analysts say that could be a good thing for Apple Inc.

U.S. Agency Backs Import Protection for Solar-Panel Industry

President Trump's pledge to offer American companies more aggressive protection from foreign competition got fresh ammunition Friday, when a government board cleared the way for him to deploy a long-dormant legal weapon to restrict solar panel imports.

Tesla's SolarCity Hangover

Car maker's investors should be concerned after solar-panel unit's Justice Department settlement over allegations of False Claims Act violations.

Equifax Hack Upends CEO's Drive to Be Data Powerhouse

Richard Smith took over as chief executive of Equifax 12 years ago this week. Under him, Equifax's market value more than quadrupled as the credit-reporting company became a data giant-before a systems breach raised questions about the company and its leader.

Publisher of Elvis Presley, Ella Fitzgerald Sold for $245 Million

Music-focused private-equity firm Round Hill Music Royalty Partners agreed to buy Carlin Music, one of the largest remaining independent music publishers, according to people familiar with the matter.

China Outpaces Silicon Valley in Mobile-Payments Race

China's online juggernauts Alibaba Group Holding and Tencent Holdings are beating Silicon Valley in the race to build mobile-money systems in some of the world's fastest-growing consumer markets.

Nintendo Switches on the Growth

Japanese videogame maker Nintendo is having another renaissance, but execution remains an obstacle to realizing investors' lofty expectations.

(END) Dow Jones Newswires

September 22, 2017 17:15 ET (21:15 GMT)