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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
09/21/201618:39:17Statement of Changes in Beneficial Ownership (4)
09/21/201618:37:46Statement of Changes in Beneficial Ownership (4)
09/21/201609:15:00You're Still Hooked and Netflix Knows Why
09/21/201609:15:00You're Still Hooked and Netflix Knows Why
09/21/201609:15:00You're Still Hooked and Netflix Knows Why
09/17/201603:02:00Netflix Faces Lawsuit -- WSJ
09/16/201618:26:0021st Century Fox Sues Netflix for Poaching Employees-- 2nd Update
09/16/201616:47:0021st Century Fox Sues Netflix for Poaching Employees--Update
09/16/201616:00:0021st Century Fox Sues Netflix for Poaching Employees
09/16/201615:50:0021st Century Fox Sues Netflix for Poaching Employees
09/14/201617:00:00Netflix to Announce Third-Quarter 2016 Financial Results
09/14/201610:59:00Netflix To Be On Liberty Global Set-Top Boxes -- 2nd Update
09/14/201610:50:00Netflix To Be On Liberty Global Set-Top Boxes -- Update
09/14/201610:37:00Netflix To Be On Liberty Global Set-Top Boxes
09/08/201619:00:00FCC's Tom Wheeler Unveils His Plan to Open Up Market for Set-Top...
09/08/201617:17:28Statement of Changes in Beneficial Ownership (4)
09/08/201616:01:00Netflix Chief Financial Officer to Present at the Goldman Sachs...
09/07/201617:38:45Statement of Changes in Beneficial Ownership (4)
09/07/201614:30:00EQUITY ALERT: Finkelstein & Krinsk LLP Announces Investigation...
09/06/201618:48:16Statement of Changes in Beneficial Ownership (4)

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