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.
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 19:15 ET (00:15 GMT)