News Highlights: Top Company News of the Day
March 21 2019 - 10:30AM
Dow Jones News
Biogen Shares Skid After Company Ends Alzheimer's Trials
Biogen lost nearly $18 billion in market value after the company
and Eisai Co., a Japanese pharmaceutical company, said they are
ending two Phase 3 trials of a treatment for Alzheimer's
disease.
Ford Names Former Amazon Veteran as Next CFO
Ford Motor said its finance chief Bob Shanks will retire at the
end of the year after more than four decades with the auto maker
and will be succeeded by Amazon.com veteran Tim Stone.
Boeing Defends 737 MAX Design Process, Sees Software Fix in Weeks
Boeing is working on changes to the 737 MAX plane that will
update its flight-control software and could be approved in
weeks.
Freddie Mac Names Brickman to Succeed Layton as CEO
Freddie Mac on Thursday said Donald Layton will retire as chief
executive on July 1 and will be succeeded by its current president,
David Brickman.
Conagra Spends to Boost Sales
Conagra said spending on promotions and improvements to its
products lifted sales in the latest quarter, underscoring a gap
between food makers that have invested in improving their appeal to
customers and others that have lagged behind.
Rice Brothers Step Up Fight to Control EQT
A pair of brothers is ramping up their fight against EQT,
seeking control of the board at the biggest natural-gas producer in
the U.S. after selling their own company to it in 2017.
Tencent Profit Battered by China's Slow Pace of Videogame Approvals
Chinese tech giant Tencent said it is looking to expand overseas
as videogame woes at home contributed to a 32% drop in its
fourth-quarter profit, its sharpest ever year-over-year fall.
Volkswagen, NorthVolt Team Up on Battery Research
Volkswagen is teaming up with Sweden's NorthVolt and other
companies to research technology and look into how a competitive
battery-cell production could be set up in Europe.
Facebook Left Up Video of New Zealand Shootings for an Hour
Facebook left a gruesome video of shootings at a New Zealand
mosque up on its site for half an hour after a user brought it to
the company's attention, a previously unreported delay that
highlights the social media company's difficulty in controlling
violent content on its platform.
Despite Rulings, Farmers Remain Loyal to Bayer's Roundup
Farmers are standing by Roundup herbicide despite rulings from
two juries that the world's most widely used weedkiller caused
cancer in plaintiffs.
(END) Dow Jones Newswires
March 21, 2019 11:15 ET (15:15 GMT)
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