News Highlights: Top Company News of the Day

Features Dow Jones Newswires

U.S. Businesses Find Welcome Surprises in Tax Bill

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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.

Merrill Lynch Fined $1.4 Million Over Margin Credit, Other Violations

Merrill Lynch agreed to pay $1.4 million to settle claims that it improperly extended hundreds of millions of dollars in excess credit to customers who traded certain bonds and equities with the firm, Finra said.

FDA Approves First Gene Therapy for Genetic Disease-Treatment Could Cost $1 Million

The Food and Drug Administration approved for sale the first therapy in the U.S. that delivers a functional gene to replace a faulty, disease-causing one.

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Humana, Private-Equity Firms Agree to Buy Kindred Healthcare

Kindred Healthcare said it will be acquired by insurer Humana and two private-equity firms in a deal valuing the firm at $783.2 million.

CSX's New CEO Climbs Aboard a Turnaround in Motion

After the death of CSX Corp.'s chief executive, all eyes are on his successor, Jim Foote, a lawyer with a long marketing resume who must now direct a major operational overhaul.

Crown Holdings Buying Packaging Maker From Carlyle For $3.91 Billion

Packaging company Crown Holdings Inc. said Tuesday that it will buy Signode Industrial Group Holdings Ltd. from Carlyle Group LP in a deal worth $3.91 billion.

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

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

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.

Too Many iPhone Xs?

Supply of the iPhone X has improved dramatically before Christmas, which one analyst thinks may be a problem considering Wall Street's high estimates for Apple's later quarters.

Forget Phones. BlackBerry Is Pushing Software for Driverless Cars

Having abandoned production of its once-ubiquitous smartphones, BlackBerry is betting its future on a business that makes software for next-generation driverless cars.

(END) Dow Jones Newswires

December 19, 2017 15:15 ET (20:15 GMT)