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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.

Skipper Resigns as ESPN President, Citing Substance Abuse

John Skipper, president of Walt Disney Co.'s ESPN and co-chairman of its Disney Media Networks unit, has resigned, citing substance-abuse issues, the network said.

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.

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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.

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.

Toyota Plays Catch-Up With Plans for More Than 10 EV Models

Toyota, which has lagged behind rivals in rolling out fully electric vehicles, issued the first detailed outline of its strategy, saying it planned more than 10 models world-wide by the early 2020s.

Warren Buffett's Berkshire Hathaway Hits $300,000 a Share

Fifty-five years to the day after Warren Buffett bought his first shares of Berkshire Hathaway Inc., the company he built into a global powerhouse entered the $300,000 club. Membership: one.

Amazon Echo Prices Turn Market on Its Ear

Amazon.com's $30 price tag on the Echo Dot smart speaker is triggering price cuts on Google Home devices and complicating Apple Inc.'s HomePod prospects.

Carmakers Try to Cajole Consumers Into Caring About Air-Bag Recall

The biggest automotive recall in U.S. history is under way-of faulty air bags-and auto makers are required to take unprecedented steps to reach customers.

(END) Dow Jones Newswires

December 18, 2017 17:15 ET (22:15 GMT)