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Microsoft's Board Adds Seagate CEO Luczo

DOW JONES NEWSWIRES Microsoft Corp. (MSFT) on Thursday added Stephen J. Luczo, the chairman and chief executive of hard-drive maker Seagate Technology PLC (STX) as its newest director. The software giant also said current director John Thompson, chief executive of privately held Vitrual Instruments, will replace Netflix Inc. (NFLX) Chief Executive Reed Hastings on the board's compensation committee, while naming Luczo to its audit committee. Luczo, 55 years old, has served on Seagate's board since 2000. He was named chairman of the company in 2002 and has held the president and CEO positions since 2009. Microsoft has been expanding its footprint into a variety of sectors over the past year as the line between the software and hardware sectors becomes increasingly blurry. The company most recently paid 300 million for a 17.6% stake in Barnes & Noble's Inc. (BKS) Nook digital-reader business and its college-bookstore business. Seagate has benefited this year as pent-up demand pushes up prices for its hard drives. Severe flooding in Thailand knocked out a significant amount of the world's production capacity, though Seagate was relatively unscathed. Microsoft shares were recently off 11 cents at $31.69 Thursday, while Seagate was down 3.7% at $31.02 amid a broad market downturn. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Netflix (NFLX)
DateTimeHeadline
03/30/201513:38:18Netflix Adds Two Directors to Board
03/30/201511:00:00Anne Sweeney And Brad Smith Joining Netflix Board Of Directors
03/29/201515:00:02Why Netflix Inc. Could Be Worth $100 Billion
03/29/201512:45:02Cablevision's HBO Deal Isn't a Problem for Apple
03/29/201508:15:06Why You Can't Watch "House of Cards" Season 3 in New Zealand...
03/29/201508:07:05Think Comcast Is the Only Cable Company Insulting Customers?...
03/29/201507:28:12Why Investors In Netflix Should Be Cautious
03/28/201512:42:01Will Apple TV and Dish's Sling TV Kill Netflix Inc.?
03/28/201511:46:55It's High Time For A High-End Apple TV
03/28/201511:21:02Netflix Inc. Gets A Boost, But Can It Stay on Top?
03/28/201510:41:01How to Get HDTV Channels For Free
03/27/201517:50:31Double Or Triple Top, Slowing Adds, Increasing Content Costs...
03/27/201517:17:03Statement of Changes in Beneficial Ownership (4)
03/27/201510:00:00The Ugly Truth About Netflix
03/26/201504:55:30Pfizer Is An Outright Buy - Cramer's Lightning Round (3/25/15)
03/25/201519:55:48'X-Files' Return Coming At Right Time For Fox And Its Investors
03/25/201515:00:00Netflix to Announce First-Quarter 2015 Financial Results
03/25/201513:25:02Forget Hollywood: How to Invest in the Box Office Itself
03/25/201512:37:27Streaming TV: What's the Big Deal About Netflix's Special Networks?
03/25/201512:00:02Streaming TV: What's the Big Deal About Netflix's Special Networks?

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