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News Highlights: Top Company News of the Day

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09/18/2019 | 07:16am EDT
Google, Facebook Cozy Up to Publishers as Regulators Circle 

Tech giants are making concessions long sought by news publishers whose business has been hurt by the platforms' dominance, moves that some in the media industry see as an effort to pre-empt potential regulatory backlash.

Need a Loan? Equifax Plans to Sell More Utility, Phone Records. 

Equifax will soon give consumers the option to let lenders review their electric, phone and cable payment information, a move aimed at providing lenders more data to determine whether to approve loan applicants.

Providence Equity Closes Eighth Flagship Fund Above $6 Billion 

Fundraising for the vehicle, Providence Equity Partners VIII LP, closed on Sept. 5 above its $5 billion target, according to a memo to investors viewed by The Wall Street Journal.

FedEx Hit by Trade Tensions and Split With Amazon 

The delivery giant lowered its outlook for the year and is taking more cost-cutting steps, sending its shares down sharply in after-hours trading.

U.K. Government Intervenes in Cobham Buyout 

The British government said it would intervene in Advent International's acquisition of Cobham, citing national security concerns, just days after the company's shareholders approved the proposed GBP4 billion takeover.

Atlantia CEO Steps Down 

The chief executive of Atlantia, whose motorway arm managed a bridge that collapsed last year in Italy killing 43 people, has resigned.

NEC Sees Room for Growth in Business Use of Facial Recognition 

The Japanese company, facing a slowdown in public-sector facial-recognition revenue partly due to privacy concerns, is redoubling its efforts to expand in the commercial market.

Third Point's Phony Battle with Sony 

The Japanese conglomerate has rebuffed the activist hedge fund's calls for spinoffs, but has rewarded shareholders in other ways.

SEC Charges Former CEO for Alleged Misstatements About Existence of CFO 

Tom Simeo, the former CEO of Viking Energy Group Inc., was charged with violating antifraud provisions of securities laws, the regulator said Tuesday.

Corning Is No Glass House 

The storied company's latest warning cracks the stock, but it still has potential.

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET 0.52% 1215.71 Delayed Quote.16.34%
ATLANTIA SPA 2.42% 21.98 End-of-day quote.18.76%
COBHAM PLC 0.13% 155.75 Delayed Quote.59.38%
EQUIFAX INC. 1.71% 143.93 Delayed Quote.54.55%
FACEBOOK 2.31% 184.19 Delayed Quote.40.51%
FEDEX CORPORATION 2.96% 145.54 Delayed Quote.-12.38%
NEC CORPORATION -1.20% 4540 End-of-day quote.40.56%
SONY CORPORATION 1.53% 6230 End-of-day quote.21.02%
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