News Highlights: Top Company News of the Day

11/10/17 01:15 PM EST
J.C. Penney Lowered Its Goals, Then Beat Them 
 

Shares of J.C. Penney jumped Friday after it easily beat the expectations it lowered only weeks before.

 
Equifax Apologizes as it Reports Earnings Drop, Outlines Next Steps 
 

Executives on Equifax's first earnings call since it disclosed a massive breach in September detailed a challenging environment for the company as it works to overhaul its security measures.

 
HSBC Accounts Used for Transactions Linked to Suspected South Africa Kickbacks 
 

South Africa's Gupta family used HSBC bank accounts in Dubai to transfer millions of dollars through companies that have been linked to suspected kickbacks for the sale of Chinese locomotives, according to documents.

 
Uber Suffers Setback as U.K. Court  Rules Its Drivers Should Have Workers' Rights 
 

Uber Technologies suffered a setback in a British court when an appeals tribunal reaffirmed a decision that the company must give its drivers employee rights like paid vacations.

 
Altice Shakes Up Top Ranks in Bid to Reassure Investors 
 

Altice Chief Executive Michel Combes has resigned amid a raft of management changes as the cable company seeks to reassure investors after disappointing third-quarter results led to a rapid decline in its share price.

 
GE Dividend In Focus as Investors Await New Strategy 
 

Investors and analysts are bracing themselves for a broad rethinking of how GE operates, including shedding business units, a dividend cut, and layoffs among GE's nearly 300,000-person workforce.

 
Social-Media App Musical.ly Is Acquired for as Much as $1 Billion 
 

Musical.ly, the maker of a social-media app popular among teens and tweens, has agreed to be acquired by Chinese news and information site Beijing Bytedance Technology for as much as $1 billion.

 
Kobe Steel Points Finger at Careless Management, Overworked Employees in Scandal 
 

Kobe Steel released a report Friday that blamed lax management and overworked employees for a product-quality scandal, saying the company has to restore trust to survive.

 
Toshiba Looks to Raise $5.3 Billion in Share Offering 
 

Toshiba is planning to issue new shares if its deal to sell its chip unit doesn't get on track to meet an end-of-March deadline, in the company's latest attempt to recover from its Westinghouse unit's bankruptcy.

 
LSE to Call Vote on Future of CEO Amid Pressure From Activist 
 

London Stock Exchange will hold a shareholder vote on whether to end the board's search for a new chief executive and keep Xavier Rolet in the role until 2021 as requested by activist investor TCI Fund Management.

 
 

(END) Dow Jones Newswires

November 10, 2017 13:15 ET (18:15 GMT)

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