News Highlights: Top Company News of the Day
Equifax CEO Smith to Exit Following Big Data Breach
Equifax Chief Executive Richard Smith is leaving the credit-reporting company after a massive data breach under his watch exposed the information of about 143 million Americans.
Uber Shareholder Sues Company, Ex-CEO Over Alleged Fraud
A lawsuit from the Irving Firemen's Relief & Retirement Fund in Texas claims Uber and former CEO Travis Kalanick knowingly misled investors while raising capital by failing to reveal the company had potentially broken laws.
Syngenta Seeks to Settle GMO Corn Cases
Syngenta AG said it would settle thousands of lawsuits from U.S. farmers who alleged the Swiss agricultural giant's launch of genetically engineered corn seeds cost them money.
Bank of America Venture Trims 10% of Staff as Part of Digital Push
Bank of America Corp.'s merchant-services joint-venture has laid off about 10% of its staffers as a part of a restructuring, according to a person familiar with the matter.
How a Starbucks Veteran Took the Helm at Kohl's
Michelle Gass, named Tuesday as Kohl's next CEO, drove the retailer's partnerships with Under Armour and Amazon. Previously at Starbucks, she helped develop the Frappuccino.
Twitter Tests Doubling Length Limit to 280 Characters
Twitter said it would begin testing a new limit of 280 characters, double its current limit, as a concession to users who have been clamoring for changes to the short-messaging service.
U.S. Challenges Parker Hannifin's Acquisition of Clarcor
The Justice Department filed an antitrust lawsuit challenging Parker Hannifin Corp.'s $4.3 billion acquisition of Clarcor Inc. that closed in February, alleging the deal created an unlawful monopoly.
Dyson Says It Is Developing Electric Car
Dyson, the British technology company known for its high-end vacuum cleaners and ubiquitous hand dryers, said it was developing an electric car to hit roads by 2020 or 2021.