News Highlights: Top Company News of the Day
24 March 2017 - 8:30AM
Dow Jones News
Google Faces Tall Order Policing Content
Google's commitment to better police the millions of websites
and videos across its advertising network is complicated by the
very scale and diversity that has made the network so attractive to
marketers.
Amazon Defeats IRS in Tax-Court Case
Amazon.com prevailed over the Internal Revenue Service in a
more-than-$1.5 billion dispute over the online retailer's
transactions with a Luxembourg subsidiary.
Theranos Offers Shares for Promise Not to Sue the Company
A deal approved by Theranos's board would give investors who
pledge not to sue the battered blood-testing company some shares
from founder Elizabeth Holmes's personal stake.
Ford Says Higher Rates, Lower Resale Values to Hurt Results
Ford Motor raised a caution flag for the auto industry, saying
higher interest rates and a steady decline in used-car values will
hurt the most important factor in the recent U.S. sales boom:
affordability.
MF Global, PwC Settle Malpractice Lawsuit
Failed brokerage MF Global Holdings Ltd. and accounting firm
PricewaterhouseCoopers LLP have settled their high-profile
accounting-malpractice lawsuit in which the brokerage contended bad
advice from PwC contributed to its 2011 collapse.
Eric Mindich's Hedge Fund, Eton Park, to Close Down
High-profile investor Eric Mindich is closing down his hedge
fund, Eton Park Capital Management L.P., amid poor performance and
slowing interest in hedge funds.
Jessica Alba's Startup Pulls Bottles of Dish Soap That Were Underfilled
Target Corp. and other retailers in recent months stopped
selling a popular household cleaner from Jessica Alba's Honest Co.
after learning the product contained less liquid than its label
claimed.
Shell Oil Spills Led to 'Astonishingly High' Pollution in Nigeria
Shell oil spills that haven't been cleaned up for over eight
years have contributed to "astonishingly high" levels of pollution
in a Nigerian community, according to a consultant who helped
produce a confidential damage assessment.
U.K. Reopens Probe Into Barclays' 2008 Deal With Qatari Investors
Britain's financial regulator has reopened a probe into how
Barclays persuaded Qatar's sovereign-wealth fund to bail out the
bank during the 2008 financial crisis, just as a separate
investigation of that matter by the Serious Fraud Office nears
resolution.
Experian Fined Over Alleged Deception in Credit-Score Marketing
The Consumer Financial Protection Bureau fined Experian PLC $3
million, alleging that the leading credit-reporting firm
misrepresented the credit scores it marketed to consumers.
(END) Dow Jones Newswires
March 23, 2017 17:15 ET (21:15 GMT)
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