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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
04/22/201417:30:11MARKET SNAPSHOT: U.S. Stocks Gain; S&P 500 Extends Streak To...
04/22/201417:06:52TECH STOCKS: Netflix Rises On Earnings, Subscriber Growth
04/22/201414:38:17MARKET SNAPSHOT: U.S. Stocks Rise; Netflix Jumps On Results
04/22/201409:43:08U.S. Hot Stocks: Hot Stocks to Watch
04/22/201409:34:59U.S. Stock Futures Trade Flat
04/21/201417:31:21MARKET SNAPSHOT: Stocks Rise; S&P 500 In Longest Win Streak In...
04/21/201417:30:16Netflix Sees Raising U.S. Prices
04/21/201417:24:18TECH STOCKS: AMD, Netflix Gain In Late Tech Action
04/21/201417:20:30TECH STOCKS: AMD Climbs; Netflix Slips Ahead Of Earnings
04/21/201417:20:09MARKET SNAPSHOT: U.S. Stocks Edge Up; Halliburton Rallies
04/21/201417:08:40MARKET SNAPSHOT: U.S. Stocks Pare Gains; Halliburton Rallies
04/21/201415:53:35MARKET SNAPSHOT: U.S. Stocks Rise As Results From Halliburton...
04/20/201406:17:33MARKET SNAPSHOT: Long View On Stocks Is Best During Weak Earnings...
04/17/201417:12:18TECH STOCKS: SanDisk, Weibo Gains Pace Tech Stocks
04/17/201411:10:53TECH STOCKS: IBM Losses Can't Hold Back Tech Gains
04/15/201413:58:33NBCUniversal Plans Big Digital Video Push
04/11/201419:36:07Riding the Tech Roller Coaster
04/11/201416:40:18TECH STOCKS: Nasdaq Slips Below 4,000; Yahoo, Twitter Fall
04/11/201416:32:17MARKET SNAPSHOT: U.S. Stocks Extend Fall; S&P On Pace For 2...
04/11/201411:36:49TECH STOCKS: Yahoo, Twitter Weigh On Techs; Zynga Rises

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