News Highlights: Top Company News of the Day
May 16 2018 - 1:30PM
Dow Jones News
Zuckerberg to Meet With European Lawmakers
Facebook CEO Mark Zuckerberg has agreed to visit Brussels to
meet with top European lawmakers to discuss the social network's
handling of its users' personal information.
Macy's Shows Signs of Life After Prolonged Slump
After closing dozens of unprofitable stores, Macy's reported
higher sales at those locations still open amid the first signs
that the department store giant is pulling out of a prolonged
slump.
Disney Weighs Pixar Co-Founder's Return After Concerns on Behavior
Executives at Walt Disney have discussed bringing animation guru
John Lasseter back to the company in a new role that would reduce
his managerial power but allow him to retain creative
influence.
Novartis Top Lawyer Departs Over Cohen Payments
A top executive at Swiss drugmaker Novartis is stepping down as
the global fallout widens from the recent disclosure of payments to
a company owned by U.S. President Donald Trump's longtime
lawyer.
Former Employee of Cambridge Analytica Contacted by FBI
A former Cambridge Analytica employee who previously revealed
that the company improperly harvested data from millions of
Facebook users said that he had been contacted by the FBI.
Amazon Prime's Latest Perk: Discounts at Whole Foods
Amazon.com is offering new discounts for Prime members shopping
at its Whole Foods grocery stores, adding another perk to its
membership program after a 20% price hike.
GM's Next Battle With Ford: Really Big Pickups
The business of big work trucks is bigger than ever, opening up
a new front in the market-share battle between GM and Ford, which
dominate the production of these multitasking pickups.
MoviePass Proves Great for Customers, Awful for Investors
MoviePass, the service that lets people see a new film every day
for $9.95 a month, has seen its subscribers skyrocket to three
million. But its parent company has been bleeding cash, prompting
shareholders to stampede for the exit.
Sports-Betting Companies Race to Expand After Supreme Court Decision
With potentially billions of dollars in new revenue at stake,
companies such as Churchill Downs, FanDuel and Paddy Power Betfair
are racing to expand their sports betting operations after the
Supreme Court struck down limits.
Canada Ready to Compensate Kinder Morgan for Pipeline Losses
Canada said the government is prepared to compensate Kinder
Morgan for losses it sustains on its proposed Trans Mountain
pipeline expansion fueled by "politically motivated" delays.
(END) Dow Jones Newswires
May 16, 2018 13:15 ET (17:15 GMT)
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