News Highlights: Top Company News of the Day
May 22 2018 - 8:15AM
Dow Jones News
Cambridge Analytica Staff Told Firm Is Liquidating
Cambridge Analytica, the firm at the heart of Facebook's data
scandal, is liquidating assets and has asked employees to vacate
its London offices.
U.S., China Agree on Outline to Settle ZTE Controversy
The U.S. and China have agreed on the broad outline of a deal
that would save imperiled Chinese telecom giant ZTE, as the two
sides move closer to resolving their trade dispute.
Zuckerberg Enters the Lion's Den: Privacy-Focused Europe
Top European lawmakers are set to interrogate Facebook CEO Mark
Zuckerberg over the company's handling of alleged user-data misuse
and election interference on the platform.
Santos Rejects More-Than $10 Billion Offer as Oil Prices Rise
Australia's Santos rejected a more than US$10 billion takeover
bid by Harbour Energy Ltd. on Tuesday, saying the offer undervalued
it given recent oil-price gains.
Highest-Paid Software and Services CEOs
Gary Norcross of Fidelity National Information Services was the
highest-paid software executive in 2017 at $29.1 million.
Starbucks Clarifies Policy on Allowing Nonpaying Guests
Starbucks tried to dig itself out of controversy by attempting
to clarify a policy toward nonpaying guests that generated an
onslaught of complaints that cafes would turn into homeless
shelters and drug havens.
New York Stock Exchange to Have First Female Leader in 226-Year History
Stacey Cunningham, the NYSE's chief operating officer, is set to
become the Big Board's 67th president.
Sony to Buy Mubadala's Stake in EMI Music Publishing
Sony has agreed to buy Mubadala Investment's stake in EMI Music
Publishing, which owns or administers over 2 million songs,
including classics like "Over The Rainbow' and recent hits
including Hozier's "Take Me to Church."
Uber's New Rules on Arbitration for Sex-Related Claims Face First Test
A former Uber Technologies software engineer is suing the
ride-hailing firm alleging years of sexual harassment, race
discrimination and pay inequity, marking the first test of the
company's new policy for sex-related claims.
Toll Brothers Profit Falls on Higher Charges
The building company's second-quarter profit shrank to $111.8
million, or 72 cents a share, from $124.6 million, or 73 cents, for
the same period last year.
(END) Dow Jones Newswires
May 22, 2018 09:00 ET (13:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.