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Features Dow Jones Newswires

Tax Plan Strikes at Tech Giants' Foreign Profits

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While most U.S. businesses would pay lower taxes under congressional Republicans' proposed tax overhaul, some of the world's richest tech companies might actually see their rates rise.

ESPN Chief's Sudden Exit Comes at Crucial Juncture for Disney

ESPN on Monday announced the surprise resignation of network President John Skipper over substance-abuse issues, creating uncertainty at a critical moment for the sports TV juggernaut and its majority-owner, Walt Disney Co.

Activist Starboard Value Buys 9.9% Stake in Cars.com

Activist investor Starboard Value LP bought a 9.9% stake in Cars.com Inc. on the belief the stock is undervalued by a market that is betting heavily against it and ignoring the potential for a sale.

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Kaspersky Sues U.S. Over Order to Remove Its Anti-Virus Software

Russian cybersecurity firm Kaspersky Lab filed suit against the U.S., demanding that the Department of Homeland Security rescind a ban on Kaspersky software in government computers.

Hershey, Campbell Soup Bulk Up on Snacks

Campbell Soup Co. and Hershey Co. plan to buy smaller, higher-growth snack companies in the biggest efforts yet to broaden their cupboards well beyond soup and candy.

China's HNA Group Seeking Sale of $6 Billion in Overseas Property

One of China's biggest deal makers is looking to sell a large portfolio of commercial properties in New York, London and other major cities in a sharp reversal of its buying spree in recent years.

Uber Driver in Lebanon Arrested in British Diplomat's Death

A driver working for Uber Technologies Inc. in Lebanon has been arrested for the killing of a British diplomat over the weekend, local security officials said Monday, at a time when the safety of people who use ride-hailing services has been drawing close attention.

EU to Investigate IKEA's Dutch Tax Arrangements

Swedish furniture retailer IKEA Group could be forced to pay back millions of euros in alleged unpaid taxes to the Netherlands, following an investigation opened Monday by the European Union.

Penn National Buys Rival Casino for $1.87 Billion

Casino operator Penn National Gaming will buy Pinnacle Entertainment in a cash-and-stock deal worth roughly $1.87 billion.

Wells Fargo Names Mack Consumer Lending Head

Wells Fargo & Co. said Monday that Mary Mack will lead its consumer lending unit in addition to her current role overseeing the retail bank.

(END) Dow Jones Newswires

December 18, 2017 23:15 ET (04:15 GMT)