News Highlights: Top Company News of the Day
March 20 2018 - 9:30AM
Dow Jones News
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.
U.K. Seeks Search Warrant for Cambridge Analytica After Facebook Scandal
U.K. officials are seeking a warrant to search the offices and
computer systems of Cambridge Analytica, a political-data firm
accused of illicitly harvesting and stockpiling data on millions of
Facebook users.
Three Former Newell Directors to Drop Their Proxy Fight
Three former Newell Brands directors will part ways with the
activist investors they aligned with in a proxy fight, opting out
after the company struck a deal with Carl Icahn.
Glencore Doubles Down on Coal With $1.7 Billion Australian Investment
Glencore added to its growing portfolio of coal assets with a
$1.7 billion investment in a pair of Australian producers-part of a
bet by the mining giant that demand for coal in Southeast Asia will
remain strong, even as competitors shy away from the stuff.
Is Ping An China's Most Valuable Insurer or a Tech-Investing Fad?
The $100 billion question for the world's second-largest
insurer: is it an insurance firm or is it a technology firm?
Hong Kong Stock Market Holds Out Hope for Aramco Listing
The head of Hong Kong's stock exchange said he believes the
Saudi state oil giant will eventually need to list in Hong Kong,
despite news that its highly anticipated initial public offering is
likely to take place on its domestic market.
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.
Publicis Forecasts Margin Growth
Publicis said it expects its operating margin to grow annually
over the next three years and aims to reach an organic growth rate
of 4% in 2020.
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.
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.
(END) Dow Jones Newswires
March 20, 2018 09:15 ET (13:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.