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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


 Senators Rip Credit-Reporting Model in Wake of Equifax 

Senators questioning Equifax's former chief attacked the business model of the credit-reporting industry, asking why consumers shouldn't have power over the data that the companies collect on them.

 Amazon Must Pay $300 Million in Back Taxes, EU Says 

The European Union raised the stakes in its push to collect taxes from U.S. tech giants, pressing its cases against Amazon and Apple.

 Wells Fargo Details Refunds to Certain Mortgage Customers 

Wells Fargo said it is refunding certain customers who may have wrongfully paid fees for mortgage lock extensions. The bank gave additional details on its plans after CEO Timothy Sloan mentioned the refunds during a congressional hearing Tuesday.

 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.

 Monsanto Boosted by Continued Adoption of New Products 

Continued adoption of new soybean, cotton and corn products drove Monsanto's quarterly revenue, even amid what it called a challenging agricultural environment.

 Mexico Gets No Bids to Partner With Pemex in Shallow-Water Fields 

Mexican state oil company PetrĂ³leos Mexicanos' effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as no companies made bids at an auction.

 Sonos, a Wireless-Speaker Pioneer, Plays Catch Up 

When Amazon's Echo smart speaker took off in 2015, Sonos's sales off a cliff. Now Sonos has a new game plan: partnering with rivals. On Wednesday, it is launching its first smart speaker, powered by Alexa.

 Plastics Company A. Schulman Weighs Sale 

Plastics maker A. Schulman is exploring a sale, according to people familiar with the matter.

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