News Highlights: Top Company News of the Day
March 23 2018 - 7:30PM
Dow Jones News
Qualcomm Directors Draw Protest Vote
Six of Qualcomm's directors, including Chief Executive Steve
Mollenkopf, failed to win support from a majority of the company's
shares Friday.
New FCC Rule Would Step Up U.S. Fight Against China's Huawei
The FCC is considering a new rule to further curb the U.S.
business of Huawei, making it harder for small and rural carriers
to purchase gear from Chinese telecom-equipment makers.
Wells Fargo's Risk Shake-up Continues With Departure of Four Executives
Wells Fargo & Co. is making more changes to its risk
management across the bank, just weeks after it was slapped with an
enforcement action from the Federal Reserve.
Dropbox IPO Defies Market's Gravity With 36% Jump
Shares of Dropbox surged in their market debut, a sign of
investors' thirst for a big-name tech initial public offering with
solid growth prospects.
Bank of America to Pay $42 Million to Settle Electronic-Trading Probe
Bank of America's Merrill Lynch will pay $42 million to the
state of New York in connection with an investigation into the
firm's electronic-trading activity.
Facebook Looks to Calm Advertisers After Cambridge Analytica Crisis
Facebook is hustling to reassure advertising partners-and
prevent damage to its core business-as a handful of marketers have
suspended advertising on the platform in the wake of revelations
that an outside company improperly handled user data.
Nike Rides Out its #MeToo Moment
Nike has bounced back from some sizeable scandals, so it isn't
surprising that the company has gotten ahead of the problem of
alleged inappropriate behavior by top executives.
Inside J&J's Effort to Cut Costs and Drive Integration at Ad Firms WPP and Omnicom
Johnson & Johnson recently wrapped up a months-long process
to review its creative agencies.
Tencent's Two-Day Selloff Wipes Out $52 Billion in Market Value
Tencent Holdings Ltd.'s shares slumped again Friday, taking its
fall in the past two days to 9.2%, as investors reassessed the
Chinese tech giant with one of its biggest shareholders set to sell
almost $10 billion worth of its position.
Wayne Huizenga, Entrepreneur Behind Blockbuster and AutoNation, Dies at 80
A college dropout, Wayne Huizenga was a restless entrepreneur
who built a business empire that included Blockbuster, AutoNation
and three professional sports franchises. He died Thursday at the
age of 80 after a battle with cancer.
(END) Dow Jones Newswires
March 23, 2018 19:15 ET (23:15 GMT)
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