September 27, 2017 / 5:03 AM / a year ago

PRESS DIGEST -Wall Street Journal - Sept 27

Sept 27 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. Senators criticized the Securities and Exchange Commission's new leader, Jay Clayton, at a hearing on Tuesday for how the agency handled a 2016 breach of its cornerstone system for storing market-moving information.

- Equifax Inc moved to take concrete action over its massive hack ahead of congressional hearings next week, announcing on Tuesday that Chairman and Chief Executive Richard Smith would step aside.

- An investor group including U.S. private-equity firm TPG Capital is looking to sell its controlling stake in one of Indonesia's oldest finance companies, BFI Finance Indonesia , in a deal that could value the company at about $1 billion, according to people familiar with the matter.

- Republicans are reconsidering their plans to cut individual income tax rates for the highest-earning households to 35 percent, as they gear up to release a blueprint on Wednesday, according to people familiar with the discussions.

- Twitter Inc on Tuesday said it would begin testing a new limit of 280 characters, double its current limit, as a concession to users who have been clamoring for changes to the short-messaging service.

- Uber Technologies Inc said it may cease operations in the Canadian province of Quebec in protest of more stringent training rules for drivers there.

Compiled by Bengaluru newsroom

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