News Highlights: Top Company News of the Day

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03/18/2017 | 12:15 am
Marissa Mayer

Elliott Owns Stake in Akzo Nobel, Pushes for Talks With Suitor PPG

Activist investor Elliott Management owns a stake in Akzo Nobel and is pushing the Dutch paint maker to engage in talks with suitor PPG Industries.

Yahoo's Marissa Mayer Gets Reprieve From Hacking Criticism

Federal officials this week heaped praise on Yahoo CEO Marissa Mayer for the company's cooperation in an investigation of the hacking of hundreds of millions of the site's accounts.

Apple Plans New China Centers as Cook Addresses Beijing Conference

Apple is launching a new round in its charm offensive in China, announcing two additional research-and-development centers ahead of planned speeches by Chief Executive Tim Cook at a major Chinese government conference.

Deutsche Bank Looks to Lend Its Way Out of Mortgage Mess

Deutsche Bank AG has been offering attractive financing terms to help investors and other banks buy soured mortgages, a bid by the German lender to help fulfill terms of its recent $7.2 billion mortgage settlement with the U.S. government, according to people familiar with the matter.

Goldman Chief Blankfein Took 4% Pay Cut for 2016

Goldman Sachs's board cut Chief Executive Lloyd Blankfein's pay by 4% and tied more of it to how the bank does for its investors in coming years.

Boeing Boosts Payouts to CEO and GE Recruit

Boeing said Friday that its chief executive's total compensation rose 14% last year while the new head of its commercial jetliner unit received almost $21 million after moving from General Electric Co. in November.

British Airways Sister Airline Joins Battle in Budget Trans-Atlantic Travel

British Airways parent firm IAG will launch a budget trans-Atlantic service from Barcelona to California, Buenos Aires and Punta Cana with one-way tickets as low as $149.

VW Ex-Chairman in Talks to Sell Most of Stake

Ferdinand Piech, whose grandfather designed the original VW Beetle, is in talks with the remaining heirs to sell most of his shares that control Volkswagen AG, the family holding said.

U.K. Airbus Corruption Investigators Coordinate With French Probe

French and British financial-crimes investigators said they are closely coordinating parallel probes of potential corruption by European plane maker Airbus Group

Chipotle Hits Refresh on Its Board of Directors

Chipotle Mexican Grill said that four of its directors won't seek reelection this year, three months after it struck a deal with an activist investor to change the makeup of the board.

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