News Highlights: Top Company News of the Day
March 20 2018 - 5:15PM
Dow Jones News
Facebook Faces FTC Probe of Data Use by Cambridge Analytica
The Federal Trade Commission is probing Facebook over the use of
personal data by an analytics firm tied to President Trump's
campaign.
Orbitz Discloses Possible Data Breach Affecting 880,000 Payment Cards
Expedia Inc.'s Orbitz subsidiary said Tuesday it has discovered
a possible data breach affecting thousands of customers on one of
its older sites and a partner platform.
Uber's New CEO Confronts His First Crisis With Driverless-Car Death
Dara Khosrowshahi spent much of the first six months as Uber's
CEO cleaning up scandals he inherited. Just as it appeared Uber was
turning a corner, a new crisis has emerged.
Google Makes $300 Million Commitment to Supporting News
Google unveiled a three-year, $300 million commitment to help
news organizations adapt to the digital age, the search giant's
latest olive branch to a publishing industry.
Amazon Passes Alphabet as Second-Largest U.S. Company
Amazon is on track to close with a higher market value than
Alphabet for the first time, leaving the e-commerce giant only
behind Apple among the largest U.S. firms.
United Suspends Cargo Program for Pets
Under fire for its handling of pets, United Continental Holdings
will stop taking reservations for its live-animal shipping program
at least until May 1 as it reviews the program.
Security Worries About Huawei Spread Beyond U.S.
National-security concerns surrounding China's Huawei
Technologies-the world's biggest supplier of wireless equipment and
No. 3 vendor of smartphones-are spreading beyond the U.S. to key
allies.
Brookfield to Pick Up 25% Stake in European Money Manager
Real estate giant Brookfield Asset Management Inc. agreed to buy
a 25% stake in the European private-debt investor LCM Partners Ltd.
and its loan-servicing arm.
CVS to Hire Former Eli Lilly CFO to Run Pharmacy Benefit Business
CVS Health tapped a former Eli Lilly finance chief to run its
pharmacy benefit business as the drugstore giant works to complete
an acquisition of insurer Aetna.
General Dynamics Boosts Offer for CSRA
General Dynamics boosted its offer for CSRA in an effort to fend
off the unsolicited bid for the federal information technology
provider from rival CACI International.
(END) Dow Jones Newswires
March 20, 2018 17:00 ET (21:00 GMT)
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