News Highlights: Top Company News of the Day
21 March 2018 - 2:30PM
Dow Jones News
Facebook's Lax Data Policies Led to Cambridge Analytica Crisis
Facebook's loose approach to policing how app creators and
others deployed its user data persisted for years, including after
a 2015 effort by the social network to restrict access, according
to court records and people familiar with the social-media
giant.
Ex-Uber CEO Travis Kalanick's Next Act: Real-Estate Development
Ex-Uber CEO Travis Kalanick is investing $150 million into a
distressed real-estate outfit and becoming its CEO.
Nordstrom Ends Buyout Talks With Founding Family
A special committee of Nordstrom Inc.'s board of directors has
terminated discussions with members of the founding Nordstrom
family who were trying to take the company private.
James Packer Steps Down From Crown Board Amid Mental-Health Issues
Australian billionaire James Packer has resigned from the board
of casino operator Crown Resorts as he struggles with mental-health
issues, according to a spokesperson for his investment company.
Noble's Founder Richard Elman Leaves Company
Noble Group founder Richard Elman has resigned as a nonexecutive
director on the embattled commodity supplier's board, ending a
three-decade career. The resignation was effective Tuesday.
Senators Press Car Executives, Regulator on Explosive Air Bags
Senate lawmakers pressed regulators and automotive executives on
lagging repairs of rupture-prone air bags, bemoaning the pace of an
unprecedented recall of devices linked to numerous deaths and
injuries.
Toyota to Temporarily Halt Driverless-Car Testing in U.S.
Toyota Motor said Tuesday it would suspend certain
autonomous-vehicle testing operations on public roads after an Uber
Technologies self-driving car struck and killed a pedestrian in
Arizona.
Joseph Wolk to Succeed Dominic Caruso as Johnson & Johnson CFO
Johnson & Johnson Chief Financial Officer Dominic Caruso
will retire in September, the health-products giant said. Joseph
Wolk will succeed him.
Salesforce Reaches Deal to Buy Cloud-Application Builder MuleSoft
Salesforce.com is buying MuleSoft in a deal valuing the firm at
$6.5 billion as Salesforce adds technology to help customers tap
data from older computer systems as they move to the cloud.
AT&T-Time Warner Trial Tip-Off Postponed by Snow
Forecasts of snow in the U.S. capital prompted a federal judge
to push back to Thursday the opening arguments in the long-awaited
antitrust trial of AT&T Inc. and Time Warner Inc.
(END) Dow Jones Newswires
March 20, 2018 23:15 ET (03:15 GMT)
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