News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Germany Says Facebook Abuses Market Dominance to Collect Data

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Germany's top antitrust enforcer opened a new front against big tech firms when it said the way Facebook harvests user data constitutes an abuse of dominance.

Tax Plan Strikes at Tech Giants' Foreign Profits

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.

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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.

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.

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.

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.

(END) Dow Jones Newswires

December 19, 2017 07:15 ET (12:15 GMT)