News Highlights : Top Company News of the Day
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's Titanic Bet: Can Deep-Water Drilling Be Done on the Cheap?
Facing low oil prices for the foreseeable future, Royal Dutch Shell is learning to rein in costs and squeeze more production out of big offshore platforms by using drilling techniques 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.