News Highlights: Top Company News of the Day
March 22 2018 - 7:30AM
Dow Jones News
After Days of Silence, Facebook CEO Admits to 'Mistakes' Over Data Use
Facebook Chief Executive Mark Zuckerberg broke his silence five
days into a growing uproar about how outsiders handle Facebook's
user data, admitting mistakes and pledging an investigation but
failing to calm some who thought he should have gone further in his
remarks.
Whole Foods Is Losing Executives Under New Owner Amazon
More than a dozen executives and senior managers have left Whole
Foods in the seven months since its acquisition by
Amazon.com-leaving some suppliers and shoppers worried the chain's
retailing mojo won't endure.
Biggest Three Banks Gobble Up $2.4 Trillion in New Deposits Since Crisis
Americans are parking more money with the biggest banks than
ever before, cementing the firms' dominance of the financial
industry less than a decade after the crisis.
Health-Care Firms Turn to Drugmaker Execs as Businesses Converge
Health-care companies are tapping executives from drugmakers as
they seek out finance and other critical skills found outside their
core business to help navigate a recent wave of consolidation.
Dropbox May Get a Little Help From Its Friends
Dropbox has a big valuation to live up to. But other richly
valued cloud stocks-and the huge premium Salesforce.com just paid
for MuleSoft-could help sell the latest big tech IPO.
GKN: Melrose Offer Still 'Wholly Inadequate'
GKN said it continues to view the GBP8.1 billion hostile
takeover offer from Melrose Industries as entirely opportunistic
which undervalues the company and its prospects
Melrose Agrees GKN Pension Deal
Melrose Industries has reached an agreement with the trustees of
GKN's pensions to pay up to GBP1 billion in cash to fund the
schemes.
Reckitt Benckiser Ends Talks to Buy Pfizer Unit
Reckitt Benckiser said it has ended discussions about its
potential acquisition of Pfizer's consumer health-care
business.
Europe Plants a Flag in the Digital-Tax Debate
The European Commission's has announced plans for a new digital
tax, seeing an opportunity to bring about international change on
its terms, Simon Nixon writes.
Plunge in Facebook Stock Unleashes Near Record Trading of Options
The tumble in Facebook's shares has triggered frenzied trading
of the company's options, including contracts that pay out if the
stock falls more than 30% or regains most of its losses.
(END) Dow Jones Newswires
March 22, 2018 07:15 ET (11:15 GMT)
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