News Highlights: Top Company News of the Day
March 20 2017 - 9:15PM
Dow Jones News
SoftBank Scraps $100 Million Investment in iPhone Rival
SoftBank dropped a $100 million investment in a smartphone
startup founded by the creator of Google's Android software, partly
because of the Japanese investor's relationship with Apple.
Wells Fargo's Checking Account and Credit-Card Openings Keep Falling
Wells Fargo said Monday that its customer checking-account and
credit-card openings fell drastically in February versus a year
earlier, a continuing trend for the bank following last year's
sales-practices scandal.
Shell's Titanic Bet: Can Deep-Water Drilling Be Done on the Cheap?
Facing low oil prices for the foreseeable future, Royal Dutch
Shell is learning to rein in costs and squeeze more production out
of big offshore platforms by using drilling techniques from
onshore.
Deutsche Bank Slashes Bonuses After Hefty Loss
Deutsche Bank slashed bonuses paid to staff by 80% last year
after the German lender suffered its second consecutive full-year
loss.
Google to Simplify YouTube Ad Controls Amid Outcry Over Extremist Videos
An executive for Alphabet's Google apologized for commercials
that appeared before extremist videos on its YouTube site and said
it would simplify tools that allow advertisers to control where
their ads appear.
Vodafone Inks Deal to Become India's Biggest Mobile Player
Vodafone said it would merge its Indian business with a local
rival, a move that would create India's largest wireless company
and could strengthen the British telecommunication giant's standing
in a cutthroat market.
Qualcomm Unveils Product for Lower-Priced Cell Phones
Qualcomm Inc. is introducing a new product designed to bring
faster wireless service to basic, lower-priced cellphones in
emerging markets, an attempt to bolster the chip giant's reach
among consumers who can't afford smartphones.
VW Truck and Bus Profit Up on Strong Europe, China Sales
Company plans to offer service connecting trucks to customers
remotely digitally, creating 'eco-system for trucks,'
Costco Sues Titleist In Battle Over Golf Balls
The improbable popularity of a new golf ball sold by Costco has
sparked a legal battle between the company and Titleist, the maker
of golf's top-selling ball.
Politico CEO Reins In Predecessor's Projects
Political-news outlet Politico faced the biggest crisis of its
history last year and is reshaping its business after high-profile
departures and amid a new Beltway rival.
(END) Dow Jones Newswires
March 20, 2017 21:00 ET (01:00 GMT)
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