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News Highlights : Top Company News of the Day

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03/20/2017 | 10:16pm CET
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 Goes on a Deep-Water Drilling Diet 
 

Royal Dutch Shell, facing low oil prices for the foreseeable future, is learning how to cut costs and squeeze more production out of big offshore fields. One secret: using techniques borrowed 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.

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