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Home>News Highlights: Top Company News of the Day

News Highlights: Top Company News of the Day

News Highlights: Top Company News of the Day


 EU Ruling Set to Hit Amazon for Millions in Back Taxes 

The European Union's antitrust regulator is set to order Luxembourg to retrieve roughly several hundreds of millions of euros in allegedly unpaid taxes from Amazon.com as soon as Wednesday.

 GM, Ford, Toyota Post Sharply Higher Sales in September 

Major auto makers posted mostly solid sales gains in September amid heavier consumer discounts and surging demand to replace hurricane-damaged vehicles, giving the industry relief from months of declining results.

 Buffett Invests in Pilot Flying J 

Warren Buffett's Berkshire Hathaway is making a bet on American truckers with a deal to acquire nearly 40% of the operator of Pilot and Flying J travel centers.

 Glencore to Boost Stake in Peru Mining Company Volcan CompaƱia Minera 

Glencore PLC said it could invest nearly $1 billion in a Peruvian zinc operation, another sign the Swiss mining and trading giant is opening its cash hoard for acquisitions as rebounding commodity prices refill its coffers.

 Wells Fargo CEO Defends Bank on Capitol Hill 

Wells Fargo & Co. Chief Executive Timothy Sloan defended the bank's handling of its sales scandal and more recent consumer problems as the executive faced some tough questions and one call for his departure.

 Holiday Sales Forecasts Are Rosy, but Not for All Retailers 

Sales overall are likely to be strong over the winter holidays, buoyed by low unemployment and rising stock markets that help high-income shoppers feel flush, according to several retail industry groups and consultants.

 Behind Unusual Ouster of Company's Top Three Leaders: A Soured Merger 

Directors of Dentsply Sirona forced out its chairman, CEO and president after a $14.5 billion merger completed last year ran into trouble, according to a person familiar with the matter.

 Warner Bros. Records Gets New CEO and COO 

Warner Music Group installed new leadership at its flagship label, Warner Bros. Records, a day after the world's third-largest music company named a new recorded-music chief.

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