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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
10/16/201417:06:24MARKET SNAPSHOT: U.S. Stocks End Marginally Higher; Small Caps...
10/16/201414:43:08MARKET SNAPSHOT: U.S. Stocks Rebound; Small Caps Rally
10/16/201411:58:40MARKET SNAPSHOT: U.S. Stocks Trim Losses In Choppy Trade
10/16/201410:18:34TECH STOCKS: Netflix Losses Stand Out As Techs Swoon
10/16/201409:44:37U.S. Hot Stocks: Hot Stocks to Watch
10/16/201409:16:38MARKET SNAPSHOT: U.S. Stocks: Futures Slide; Jobless Claims Drop
10/16/201408:09:07MARKET SNAPSHOT: U.S. Stocks: Futures Slide Around 1%
10/16/201407:05:36MARKET SNAPSHOT: U.S. Stocks: Futures Slide More Than 1%
10/16/201406:17:13MARKET SNAPSHOT: U.S. Stocks: Futures Slip With Goldman, Delta...
10/15/201417:05:13MARKET SNAPSHOT: U.S. Stocks Cut Losses In Harrowing, Volatile...
10/15/201414:50:29MARKET SNAPSHOT: U.S. Stocks Plummet As Selling Intensifies
10/15/201411:24:17MARKET SNAPSHOT: U.S. Stocks Slide; Dow Drops Triple-digits
10/15/201411:04:00TECH STOCKS: Intel, Netflix In The Red As Tech Stocks Retreat
10/15/201410:08:06MARKET SNAPSHOT: U.S. Stocks Plunge After Poor Data
10/15/201409:23:24MARKET SNAPSHOT: U.S. Stocks: Futures Slide After Dour Economic...
10/15/201407:52:36MARKET SNAPSHOT: U.S. Stocks: Futures Drift Lower As Bank Of...
10/15/201406:15:17MARKET SNAPSHOT: U.S. Stocks: Futures Flat Ahead Of Bank Of America...
10/14/201418:01:48TECH STOCKS: Tech Stocks Rise; Intel Tops Estimates
10/14/201417:42:02TECH STOCKS: Tech Stocks Up With Intel's Earnings On Tap
10/13/201417:26:25U.S. Stocks Drop Again

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