News Highlights: Top Company News of the Day
September 20 2018 - 9:15PM
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.
Google Workers Discussed Tweaking Search Function to Counter Travel Ban
Days after the Trump administration instituted a controversial
travel ban in January 2017, Google employees discussed how they
could tweak the company's search-related functions to show users
how to contribute to pro-immigration organizations and contact
lawmakers and government agencies, according to internal company
emails.
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.
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.
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.
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.
Former MiMedx Executives to Lose Compensation
MiMedx has determined that four former executives engaged in
conduct detrimental to the business and should forfeit compensation
in connection with their exits, now seen as "for cause"
terminations.
Disney Reanimates Portions of Upcoming Film After Backlash
Walt Disney Co. has decided to reanimate scenes showing its only
black princess in the coming "Wreck-It Ralph" sequel after facing
criticism that the company had lightened her skin tone and narrowed
her nose.
(END) Dow Jones Newswires
September 20, 2018 21:00 ET (01:00 GMT)
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