News Highlights: Top Company News of the Day
September 20 2018 - 7:30PM
Dow Jones News
Adobe Buys Marketing-Automation Firm Marketo for $4.75 Billion
Adobe Systems agreed to acquire marketing-automation firm
Marketo for $4.75 billion, its largest acquisition ever and the
latest sign of its ambition to become a one-stop-shop for
marketers.
Wells Fargo to Cut Jobs Over Next Three Years
Wells Fargo plans to cut as many as 26,500 jobs over the next
three years as it adjusts to changing consumer behavior and works
to recover from a series of scandals that have gripped the bank for
the past two years.
Ad Company MDC Partners Exploring Strategic Options
Embattled advertising company MDC Partners Inc. is exploring a
potential sale, amid a slowdown in its performance and following
the exit of its chief executive, according to people familiar with
the matter.
Goldman's Top Stock-Trading Executive to Depart
Goldman Sachs's stock-trading chief is leaving the firm, the
first senior departure as incoming Chief Executive David Solomon
sets priorities and puts his own team in place.
Abandoned IT Integration Linked to Danske Bank Failures
The billions that flowed through the Estonian branch of
Denmark's largest bank may have slipped past risk analysts in part
because the lender in 2008 dropped plans to integrate the branch
into its group-level information technology platforms.
AT&T Attacks DOJ Appeal in Time Warner Case
AT&T defended a court ruling that allowed it to buy Time
Warner, arguing that both the law and current industry realities
showed the acquisition wouldn't harm competition.
Google Says It Continues to Allow Apps to Scan Data From Gmail
Google said it continues to allow other companies to scan and
share data from Gmail accounts, responding to questions on Capitol
Hill about privacy and potential misuse of information in users'
emails.
GE Finds Flaw in Power-Plant Turbines
General Electric discovered a flaw in its newest power-plant
turbines after a key part failed earlier this month, forcing
utility Exelon to shut down two Texas plants while GE makes
repairs.
Amazon's New Microwave: 'Alexa, Please Defrost My Chicken'
Amazon is offering makers of electronics a small chip that would
let people use their voice to command everything from microwaves
and coffee machines to room fans and guitar amplifiers.
Eventbrite Surges in Market Debut
Shares in the ticketing and event-services company jumped 59%
from their initial public offering price in trading on the New York
Stock Exchange.
(END) Dow Jones Newswires
September 20, 2018 19:15 ET (23:15 GMT)
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