News Highlights: Top Company News of the Day

Date : 14/03/2019 @ 23:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

TPG Fires McGlashan After College Admissions Scandal 

Private-equity firm TPG ousted William McGlashan Jr., founder of its growth investment unit and head of the firm's impact investment team, on Thursday after he was charged in this week's wide-ranging criminal college admissions scandal.

Mark Penn's Stagwell Group Takes Stake in MDC Partners 

Stagwell Group, an ad company founded by Mark Penn, agreed to acquire a minority stake in ad-holding company MDC Partners Inc. for $100 million, the companies said Thursday.

Boeing Halts 737 MAX Deliveries 

Boeing said it has paused deliveries of its 737 MAX airplane following the grounding of the aircraft by aviation regulators around the world after two fatal crashes within five months.

Oracle's Revenue Declines as It Struggles to Catch Up in the Cloud 

Oracle said its revenue fell 1% in its latest quarter, a second-consecutive period of decline as the software giant continues to struggle adapting its business for the cloud era.

Two Top Facebook Executives Leaving Company 

Two Facebook senior executives said they are leaving the company-surprise departures that come days after CEO Mark Zuckerberg announced a major shift in direction for the company.

Boeing Rebuked Over Tanker 

The U.S. Air Force has lost confidence in Boeing's ability to maintain quality control over a new aerial refueling tanker it is building, with a top Pentagon official saying it could take at least a year to rebuild trust in the program.

Dollar General Warns of Slower Sales Growth 

Dollar General said same-store sales grew in the most recent quarter, but profit was less than expected as it increases the portion of sales that come from less-profitable products like food.

WPP Will Pay Sorrell More Than $2 Million in Shares as Part of Long-Term Bonus 

WPP PLC said it would pay former Chief Executive Martin Sorrell shares worth more than GBP2 million, or about $2.7 million, as part of a long-term bonus, despite having threatened to withhold the payment.

Toyota to Boost U.S. Investment to Nearly $13 Billion by 2021 

Toyota says it will boost planned investment in the U.S. to nearly $13 billion from $10 billion by 2021, a move that comes as the Trump administration considers tariffs on car imports.

Maker of AR-15 Can Be Sued Over Sandy Hook Massacre, Court Rules 

Connecticut's Supreme Court is allowing a suit to move forward over the marketing of a gun used in the 2012 mass shooting at Sandy Hook Elementary School.


(END) Dow Jones Newswires

March 14, 2019 19:15 ET (23:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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