News Highlights: Top Company News of the Day
November 14 2017 - 6:15PM
Dow Jones News
Retail Chain Forever 21 Warns of Data Breach
Forever 21 Inc. said Tuesday that unauthorized users may have
gained access to its payment systems, potentially exposing the
credit-card information of customers who shopped in some of the
fashion retailer's stores.
HSBC to Pay $352 Million to Resolve French Probe
HSBC said its Swiss private-banking unit will pay EUR300 million
($352 million) to resolve charges that it helped clients evade
taxes in France.
Wells Fargo Trims Small-Business Card-Processing Unit
Wells Fargo laid off about 50 employees as it continues to
restructure its credit-card processing business geared toward
small-business customers, a bank spokeswoman said.
GE Shares Have a Second Bad Day
General Electric Co. shares tumbled 5.9% on Tuesday, causing the
conglomerate to lose its crown as the biggest U.S. industrial
company as Wall Street digests a turnaround plan announced
Monday.
Witness Says Fox Sports Paid Bribes to Win Rights to Soccer Tournaments
A Fox Sports executive signed a phony contract in January 2008
with an Argentine media company to facilitate $3.7 million in
bribes to Latin American soccer executives, according to evidence
presented Tuesday in the FIFA corruption trial in New York.
Women's Apparel Retailer Fashion to Figure Seeks Bankruptcy Protection
Plus size women's apparel chain Fashion to Figure has become the
latest retailer to seek bankruptcy protection with plans to sell
itself to a pair of liquidators.
TJX Breaks Eight-Year Sales Growth Streak
TJX, which operates TJ Maxx, Marshalls and HomeGoods stores,
didn't increase its same-store sales for the first time since
2009.
Foxconn's Profit Down 39% Amid iPhone Production Woes
Foxconn Technology Group, the world's largest contract
manufacturer of electronics, posted a 39% drop in quarterly net
profit amid production challenges dogging the flagship product of
its biggest customer, Apple Inc.
CFTC Fines Norway's Statoil, Citing Market Manipulation
The U.S. Commodity Futures Trading Commission said Tuesday that
it fined Norway's Statoil ASA $4 million for attempting to
manipulate energy markets in 2011.
Paris Scoffs at Airbnb Plan to Curb Illegal Rentals
Airbnb plans to curb rentals of some of its most popular
listings in the French capital, expanding its bid to placate
regulators in the U.S. and Europe-but not enough to satisfy some
city officials here.
(END) Dow Jones Newswires
November 14, 2017 19:00 ET (00:00 GMT)
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