News Highlights: Top Company News of the Day
24 March 2018 - 6:15AM
Dow Jones News
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 Shares Jump in Debut
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.
Zuckerberg Says Facebook Probe Into Apps Won't Uncover All Data Abuse
Facebook Inc.'s investigation into outsiders' handling of its
users' information will help identify and deter bad actors but
won't be able to uncover where all the data ended up and how it is
being deployed, Chief Executive Mark Zuckerberg said in an
interview.
Cars.com Agrees to Appoint Two Starboard Nominees to Board
Cars.com said it would appoint two of the nominees chosen by
Starboard Value to its board, a month after the activist investor
nominated four of its own candidates.
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.
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.
Blackstone Takes Minority Stake in Kohlberg & Co.
Blackstone Group LP, through its Strategic Capital Holdings
Fund, has acquired a minority stake in Kohlberg & Co., a
private-equity firm specializing in middle-market investing.
(END) Dow Jones Newswires
March 23, 2018 15:00 ET (19:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.