News Highlights: Top Company News of the Day
May 16 2018 - 3:15PM
Dow Jones News
Zuckerberg to Meet European Officials Next Week
Facebook CEO Mark Zuckerberg will meet with French President
Emmanuel Macron and other European officials next week, as the
Silicon Valley giant tries to calm tension with regulators and
policy makers on both sides of the Atlantic.
Lachlan Murdoch to Lead 'New' Fox If Disney Deal Closes
If the $52.4 billion deal for Walt Disney Co. to buy the bulk of
21st Century Fox, including its TV and film studio, Lachlan Murdoch
will serve as chairman and chief executive of the remaining new Fox
company.
Shari Redstone Moves to Defend Family's Voting Power Over CBS
Shari Redstone is moving to thwart CBS Corp.'s efforts to strip
her family of voting control. The Redstones' family holding
company, National Amusements, issued a change to CBS's bylaws on
Wednesday in an attempt to block the board's ability to dilute its
voting power.
Southwest Completes Engine Inspections
Southwest Airlines said it has completed engine inspections
across its fleet of more than 700 jets after a fatal accident on
one of its flights last month.
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.
(END) Dow Jones Newswires
May 16, 2018 15:00 ET (19:00 GMT)
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