News Highlights: Top Company News of the Day
March 30 2017 - 11:30AM
Dow Jones News
McDonald's Upgrades Quarter Pounder, Using Fresh Beef
McDonald's will switch to fresh beef from frozen in its Quarter
Pounder burgers at the majority of its restaurants nationwide by
mid-2018 in one of the biggest moves the company has made to turn
around its struggling U.S. business.
Ford Hires BlackBerry Employees to Work on Connected Cars
Ford Motor is hiring 400 engineers from BlackBerry's
mobility-solutions unit to help develop internet-connected
vehicles, giving a boost to the auto maker's software development
efforts, according to people briefed on the matter.
GE Chief Says 'Climate Change Is Real' in Rebuke to Trump Policy
General Electric CEO Jeffrey Immelt defended efforts to reduce
emissions and fight climate change after President Donald Trump
reversed rules pushing U.S. utilities to use cleaner-burning
fuels.
H&M Falters as Zara Owner Inditex Speeds Ahead
Sweden's Hennes & Mauritz reported a 3% fall in
first-quarter net profit from a year earlier on lower-than-expected
sales growth and increased markdowns. The results come as a blow
amid strong momentum at its main rival, Zara owner Inditex.
'You Are All Liars': Toshiba Shareholders Vent After Westinghouse Bankruptcy
Toshiba shareholders, some of them in tears, denounced
management at a shareholders' meeting and asked why the Japanese
conglomerate had plowed billions of dollars into a now-bankrupt
U.S. nuclear business.
EU Mulls New Online Rules
The European Union is considering changes to online rules to
help investigators better fight crime and terror, the bloc's
justice chief said in an interview.
States' Next Target on Sales Taxes: Sellers on Amazon
After spending years fighting Amazon.com to force it to collect
sales taxes, U.S. states are turning their attention to the
individuals and small companies that account for a growing share of
the online marketplace's sales.
Telecom Giants Get the OK to Mine Your Web History
Congress has voted to overturn Obama-era internet privacy rules.
Now the path is clear for telecom giants like Verizon and AT&T
to build detailed profiles of their customers' behavior and sell
that information to marketers.
Departed Disney Executive Linked to Firm That Used Brand Without Approval
A Chinese executive who left Walt Disney after an internal
inquiry has links to a Hong Kong company that used Disney's brand
for a project in China without approval, documents show.
ConocoPhillips to Sell Chunk of Canadian Oil-Sands Assets
ConocoPhillips is selling a large portion of its Canadian
oil-sands assets to Cenovus Energy to pay down debt and
significantly increase stock buybacks, marking the latest exit from
the oil sands by non-Canadian player.
(END) Dow Jones Newswires
March 30, 2017 11:15 ET (15:15 GMT)
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