News Highlights: Top Company News of the Day
March 19 2018 - 9:30AM
Dow Jones News
Newell Strikes Deal With Icahn to Fend Off Other Activists
Newell Brands Inc. has agreed to nominate four independent board
directors chosen by Carl Icahn and consider selling more of its
businesses as part of a truce with the activist investor, the
consumer-goods company said Monday.
Wynn Attorney Claims Woman Advanced Extortionist Demands
A lawyer for Steve Wynn said he recently reported a woman to the
FBI after she threatened to go public about the casino mogul's
alleged sexual misconduct against her, which had prompted a 2006
settlement, court records indicate.
Rivals Chip Away at Google's and Facebook's Digital Ad Dominance
Google and Facebook have dominated the U.S. digital advertising
market for years, but new data show signs that platforms like
Amazon and Snapchat are chipping away at the digital duopoly's
market share.
Qualcomm CEO Faces Fights on Many Fronts
For Qualcomm CEO Steve Mollenkopf, having fended off an unwanted
takeover from Broadcom just leaves more headaches, from customer
disputes to unhappy shareholders to a new long-shot takeover bid
from his former boss.
Alibaba Bets Another $2 Billion on Southeast Asia
Alibaba Executive Chairman Jack Ma is doubling down on Southeast
Asia, investing another $2 billion in e-commerce subsidiary Lazada
Group and naming trusted confidante Lucy Peng as its chief
executive.
Inside Nike, Women Staffers Circulated Survey About Workplace Behavior
The women were concerned about allegations circulating
internally of inappropriate workplace behavior by some men and drew
up the survey to gather information about these issues, people
familiar with the matter said.
Claire's Files for Chapter 11 Bankruptcy
Claire's Stores has filed for chapter 11 bankruptcy and said it
plans to lower its debt by about $1.9 billion.
Grubhub Expands Pact With Yelp, Aiming for Cheaper Deliveries
Grubhub and its rivals say they need to get bigger to cut
delivery fees that are sometimes higher than the price of a burger
and fries. That is partly the goal of the expanded partnership that
Grubhub and Yelp plan to announce on Monday.
Oracle Earnings: What to Watch
Oracle is set to report earnings for its fiscal third quarter
after the close of trading Monday.
Hammerson Rejects Klepierre Approach as "Opportunistic"
French real-estate investment company Klepierre said it made an
approach to Hammerson about a potential takeover, but that the
proposal was rejected.
(END) Dow Jones Newswires
March 19, 2018 09:15 ET (13:15 GMT)
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