News Highlights: Top Company News of the Day

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07/09/2018 | 09:16 pm
Martin Sorrell


Martin Sorrell Expected to Outbid WPP to Win MediaMonks



Martin Sorrell's new marketing venture is expected to acquire Netherlands-based digital production agency MediaMonks, topping a rival bid from his former company WPP.




Lawmakers Press Alphabet and Apple on Privacy



House lawmakers sent letters to the CEOs of Apple and Google parent Alphabet, seeking information about how they handle smartphone users' personal data such as location information.




Twitter's Wings Needed a Clip



Crackdown on fake accounts raises doubts about the company's recent growth.




Randa Accessories Presses for Audience With Perry Ellis



Randa Accessories publicly responded to the swift rejection of its proposed takeover of Perry Ellis International, calling for direct communication with the apparel company after sweetening its bid.




Starbucks to Eliminate Plastic Straws by 2020



Starbucks Coffee plans to phase out single-use plastic straws from its more than 28,000 company-operated and licensed stores by 2020 in an effort to reduce its global waste footprint.




Chevron Boss, Not Exxon's, Was Highest Paid in 2017



Recently retired John Watson of the oil giant Chevron Corp. topped the list of highest-paid energy bosses in the S&P 500, taking home more in 2017 than his counterpart at Exxon Mobil Corp.




Nissan Admits Emissions-Test Data Was Falsified



Staff at some of Nissan Motor's Japan plants falsified auto-emissions and fuel-economy data, the company said, in what is the latest data-faking incident among Japanese manufacturers.




Tesla Buyers in China Are Early Casualties in Trade Wrestle



Price listings on Tesla's Chinese website increased by nearly 20% this weekend. It came after the U.S. and China imposed tit-for-tat tariffs on $34 billion of each other's goods.




Smartphone Maker Xiaomi Falls in Hong Kong Trading Debut



Xiaomi wants the world to believe it is the next big internet stock. But investors took a cautious view of that sales pitch.




China's Cosco Gets U.S. Security Clearance to Purchase Shipping Rival



Cosco's takeover of rival Orient Overseas received the blessing of a U.S. national-security review body, removing a major overhang of the $6.3 billion deal.






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