Facebook's Security Chief Plans to Step Down

Facebook's security chief, Alex Stamos, plans to step down from the embattled social-media company this year, following clashes with policy executives and an internal reorganization that whittled down his responsibilities.

 
Facebook Is Pummeled by User-Data Blowback

Facebook confronted an intensifying crisis as political leaders in the U.S. and Europe called for aggressive inquiries into whether the technology giant failed to stop improper access and handling of user data, scrutiny that sent the company's stock to its biggest decline in four years.

 
SandRidge Energy Rejects Bid, Hires Advisers to Review Options

SandRidge Energy Inc. has rejected Midstates Petroleum Co.'s unsolicited stock-for-stock offer, saying the numbers didn't make a deal feasible, but it has hired advisers and said it is open to other options-that may include Midstates.

 
Aramco Scales Back IPO Plan, Eyes Saudi-Only Listing

Saudi Arabia is scaling back its ambitions for a public offering for oil giant Aramco, moving ahead with a listing next year solely on the Saudi stock exchange while taking more time to decide if an international venue is worth it, government officials and others close to the process say.

 
Venado Oil & Gas and KKR Acquire Cabot's Eagle Ford Assets for $765 Million

Privately held energy company Venado Oil & Gas LLC and investment firm KKR & Co. have acquired Cabot Oil & Gas Corp.'s Eagle Ford assets for $765 million.

 
Oracle's Cloud Sales Climb, but Forecast Disappoints

Oracle Corp.'s shares sank 6.5% in late trading Monday after the company disappointed Wall Street with its guidance for cloud-computing revenue in the current quarter-the third-consecutive period it has done so.

 
Boeing Ends Objection to United Technologies-Rockwell Merger

Boeing dropped its opposition to plans for its largest suppliers to merge, reflecting pressure on the aerospace industry to deliver its record backlog of jetliners.

 
Uber Suspends Driverless-Car Program After Pedestrian Death

A self-driving car from Uber Technologies struck a woman who died in Tempe, Ariz., in what is believed to be the first known fatality of a pedestrian from a driverless vehicle.

 
Facebook, Other Tech Firms Scrutinized Over User Data

U.S. lawmakers are pushing for an aggressive inquiry into allegations that a firm tied to President Trump's presidential campaign gathered data from millions of Facebook profiles without authorization.

 
Why Facebook Could Lose Friends in High Places

Facebook's huge business rides on user trust, and that could be in danger for the social network.

(END) Dow Jones Newswires

March 19, 2018 23:15 ET (03:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.