News Highlights: Top Company News of the Day
23 March 2017 - 3:30AM
Dow Jones News
South Korean Shipbuilder Offered $2.6 Billion Bailout
Daewoo Shipbuilding & Marine Engineering has been hurt by
massive losses at its offshore projects.
Microsoft Licenses Patents to Toyota In Bid For Bigger Car-Tech Role
Microsoft agreed to license a batch of patents to Toyota as part
of the software giant's effort to leverage its vast
intellectual-property portfolio to become a key provider of
connected-car technology.
Tronc Top Investors Face Off in Bitter Feud
Ousted Tronc director Patrick Soon-Shiong added to his stake in
the Los Angeles Times publisher, setting up for showdown with its
biggest shareholder and chairman Michael Ferro.
Hartford Financial Ends $15 Billion Fund Fight
The Hartford Financial Services Group Inc. is withdrawing a
request to replace dozens of funds available to its
variable-annuity customers, ending a nearly $15 billion tussle with
a fund firm that stood to lose assets.
Bebe Stores Hire Advisers as Retail Shakeout Continues
Bebe Stores hired financial advisers to help it explore
strategic alternatives, but people close to the matter don't
foresee a chapter 11 filing in the near future.
Marketers Seize on Google Controversy as Attention Shifts Beyond U.K.
Marketers are using the flare-up over Google's controversial ad
placements to press for long-sought changes, as more big brands
reduce spending on the tech giant's services.
Starbucks Pledges to Hire More Veterans
Starbucks Corp. plans to hire more U.S. military veterans and
their spouses after facing backlash over its promise to hire
refugees.
AT&T Workers Walk Off the Job in California, Nevada
Thousands of AT&T Inc. wireline technicians and call-center
workers in California and Nevada walked off the job, an escalation
in long-running contract negotiations with the telephone
company.
Volkswagen Tests Waters With Bond Issue
Volkswagen plans to the return to the bond markets Thursday for
the first time since its emissions-cheating scandal, testing
confidence after an 18-month hiatus.
AT&T, Verizon Pull Ads From Google Over 'Hate' Videos
AT&T and Verizon Communications pulled much of their
advertising from Google over concerns that their ads may have run
alongside controversial videos, extending the financial impact of a
controversy.
(END) Dow Jones Newswires
March 22, 2017 23:15 ET (03:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.