News Highlights: Top Company News of the Day
EU Orders Recoup of $300 Million in Amazon Back Taxes
The European Union upped the stakes in its push to collect taxes from U.S. tech giants, pressing its cases against Amazon.com and Apple.
PepsiCo, Pushing Healthier Drinks, Loses Market Share in Sodas
PepsiCo, attempting to diversify its beverage portfolio with less sugary drinks, shifted too much shelf space and marketing money away from its main soda brands in the third quarter, causing a drop in North American sales, company executives said.
Yahoo Estimate of Breached Accounts Triples to 3 Billion
A massive data breach at Yahoo in 2013 was far more extensive than previously disclosed, affecting all of its 3 billion user accounts, its parent company Verizon said.
Sears Canada Bankruptcy Deals Threaten to Sink Chairman's Bid
Sears Canada is on the verge of liquidation after a court-appointed monitor proposed asset sales that would undermine a pending going-concern bid by management.
Uber Board Approves Series of Corporate Reforms
Uber's board has approved a series of corporate reforms along with a multi-billion investment from SoftBank that are designed to strengthen the company's governance while at the same time strip power from former CEO Travis Kalanick.
Uber's Indian Rival in Talks to Raise Up to $2 Billion
Uber Technologies Inc.'s rival in India, Ola, is in talks to raise as much as $2 billion, a cash injection that would provide added fuel to fight the San Francisco ride-hailing giant in the world's second-most-populous country.
PwC Reports Higher Global Revenue
PricewaterhouseCoopers recorded $37.7 billion in global revenue in its most recent fiscal year, up 5% from the previous year in U.S. dollar terms, the Big Four accounting firm said Wednesday.
Tesco Resumes Dividend as Profits Surge
Tesco reported Wednesday an eight-fold rise in first-half pretax profit and returned to the dividend list after a three-year hiatus