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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
07/20/201612:01:00MARKET SNAPSHOT: S&P, Dow On Track For Record Closing Highs As...
07/20/201610:27:00MARKET SNAPSHOT: Dow On Track For 7th Record As Tech Rallies
07/19/201617:34:29Quarterly Report (10-q)
07/19/201603:03:00Netflix Misses Subscriber Goal; Shares Plunge -- WSJ
07/18/201620:45:00Netflix Reports Sharp Slowdown in User Growth -- 4th Update
07/18/201617:29:00Netflix Reports Sharp Slowdown in User Growth--3rd Update
07/18/201617:09:00Netflix Reports Sharp Slowdown in User Growth--2nd Update
07/18/201617:00:00Netflix Reports Sharp Slowdown in User Growth
07/18/201616:59:00Netflix Reports Sharp Slowdown in User Growth--Update
07/18/201616:06:44Current Report Filing (8-k)
07/18/201616:01:00Netflix Releases Second-Quarter 2016 Financial Results
07/18/201612:08:00MARKET SNAPSHOT: Dow On Track For Record Closing High As Tech...
07/18/201609:00:00Netflix To Beam New CBS "Star Trek" Television Series In 188...
07/13/201617:53:38Statement of Changes in Beneficial Ownership (4)
07/07/201618:13:50Statement of Changes in Beneficial Ownership (4)
07/06/201619:56:20Statement of Changes in Beneficial Ownership (4)
07/06/201619:55:52Statement of Changes in Beneficial Ownership (4)
07/06/201619:54:55Statement of Changes in Beneficial Ownership (4)
07/06/201619:54:29Statement of Changes in Beneficial Ownership (4)
07/06/201619:54:01Statement of Changes in Beneficial Ownership (4)

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