News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Riders in Alphabet's New Driverless Car Will Be Insured by a Startup

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Waymo LLC, the driverless-car unit of Google-parent Alphabet Inc., is turning to an insurance-technology startup to provide coverage for passengers of its soon-to-be-launched ride-hailing service.

U.S. Businesses Find Welcome Surprises in Tax Bill

The final tax bill offers much of what large companies hoped to gain from the Republican overhaul, while late modifications dropped some provisions that most worried companies.

BHP Threatens Exit from Coal Lobby, Chamber of Commerce

BHP Billiton, the world's largest Western mining company, is threatening to leave the World Coal Association and U.S. Chamber of Commerce over disagreements on climate policy, the latest commodity firm to react to pressure on global warming.

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Jack in the Box Selling Qdoba to Apollo for $305 Million

Jack in the Box Inc. is selling its Qdoba chain to private-equity firm Apollo Global Management LLC for $305 million as it looks to grow its less capital-intensive, franchise-focused business model.

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.

Germany Says Facebook Abuses Market Dominance to Collect Data

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.

Fintech Startups Seek to Shake Up Money Transfer Industry

Fintech startups including WorldRemit, TransferWise and Remitly are pulling ahead of the pack of dozens of companies trying to disrupt the remittance industry, using the latest technology to send money internationally.

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.

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.

(END) Dow Jones Newswires

December 19, 2017 09:15 ET (14:15 GMT)