News Highlights: Top Company News of the Day
March 22 2018 - 1:30PM
Dow Jones News
Steve Wynn Sells Roughly Third of His Stake in Company He Co-Founded
Steve Wynn sold just over a third of his shares in Wynn Resorts,
making his ex-wife, co-founder Elaine Wynn, the company's new
largest shareholder, securities filings show.
Best Buy to Stop Selling Huawei Phones
Best Buy plans to stop selling phones in the U.S. made by Huawei
Technologies, the latest blow for the Chinese cellular-electronics
giant in the U.S.
Whole Foods Losing Executives Under New Owner Amazon
More than a dozen executives and senior managers have left Whole
Foods in the seven months since its acquisition by
Amazon.com-leaving some suppliers and shoppers worried the chain's
retailing mojo won't endure.
The Savviest Tech Investor You've Never Heard of Is Selling Down Tencent
One of the oldest and largest investors in Tencent Holdings
plans to sell more than $10 billion worth of shares in the Chinese
internet giant, partially cashing out of one of the world's most
lucrative tech bets at a time of turbulence for the sector.
Biggest Three Banks Gobble Up $2.4 Trillion in New Deposits Since Crisis
Americans are parking more money with the biggest banks than
ever before, cementing the firms' dominance of the financial
industry less than a decade after the crisis.
Next Worry for Facebook: Disenchanted Users
Facebook's handling of user data has upset lawmakers and
regulators in multiple countries, but the biggest risk to its
business could come from angry users.
Conagra Sees Higher Profit Despite Rising Costs
Conagra Brands the maker of Hunt's ketchup and Slim Jim meat
snacks, said it expects a higher annual profit this year despite
rising costs for ingredients and shipping.
Ford Expands Partnership With Indian Car Maker
Ford Motor Co. is taking steps to solidify its partnership with
Indian auto maker Mahindra & Mahindra Ltd. in an important
emerging market that has long been a challenge for many car
makers.
Blackwells Launches Proxy Fight at Supervalu
A proxy fight is under way at Supervalu Inc. as an activist
investor seeks to overhaul the board of directors at one of the
nation's largest grocery companies.
How the Uber Self-Driving Car Could Have Missed Seeing the Pedestrian
The self-driving Uber car that killed an Arizona pedestrian
didn't brake or veer first-raising questions about whether the
vehicle's sensors are ready for city life.
(END) Dow Jones Newswires
March 22, 2018 13:15 ET (17:15 GMT)
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