News Highlights: Top Company News of the Day
23 March 2018 - 1:15PM
Dow Jones News
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.
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.
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.
Nissan Revs Up Electric-Car Sales Goal
Nissan aims to sharply increase its electric-vehicle sales over
the next five years, leaning on the expected explosion of sales of
battery-powered vehicles in China.
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.
Viacom's Hidden Charms May Tempt CBS
As CBS weighs making an offer, it may discover more value than
it did last time round.
This Tencent Business Is Still Singing a Happy Tune
The valuation of Tencent Music Entertainment Group, the Chinese
internet giant's digital music-streaming business, has soared in
recent weeks after some of the company's shares changed hands in
private-market transactions, according to people familiar with the
matter.
Glaxo Ends Talks for Pfizer Unit
GlaxoSmithKline said it has ended discussions to buy Pfizer's
consumer-healthcare business.
Shell Sells Stake in Iraqi Field
Royal Dutch Shell has agreed to sell its entire stake in the
West Qurna 1 oil field in Iraq for $406 million to Itochu.
(END) Dow Jones Newswires
March 23, 2018 09:00 ET (13:00 GMT)
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