News Highlights: Top Company News of the Day
May 16 2018 - 9:15PM
Dow Jones News
U.S. Auto Regulator Opens Tesla Crash Probe in Utah
U.S. safety investigators on Wednesday opened the third active
investigation of a Tesla Inc. vehicle that crashed while the
driver-assistance system Autopilot was said to be in use.
Singtel 4th Quarter Earnings Dragged by Indian Associate
Singapore Telecommunications Ltd. Thursday reported a 19%
on-year decline in its fiscal fourth-quarter net profit, mainly due
to the drag from its Indian associate.
Ford to Resume F-150, Super Duty Vehicle Production Within Days
Ford Motor Co. is resuming production of F-150 and Super Duty
trucks ahead of schedule at three assembly plants after a fire
earlier this month at one of its supplier's facilities created a
parts shortage.
Cisco Slips as Forecast Overshadows Beats on Quarterly Earnings, Sales
Cisco Systems showed sustained growth in the latest period,
largely beating internal and Wall Street expectations, but its
forecast for the current quarter lacked some luster and shares fell
4% late.
FDA Approves Nonopioid Treatment for Opioid Withdrawal Symptoms
The U.S. Food and Drug Administration has approved the first
nonopioid treatment to help adults manage opioid withdrawal
symptoms as the agency looks to continue to encourage the
development of therapies to help patients suffering from
addiction.
Trump Says 'There Has Been No Folding' Over Possible ZTE Deal
President Donald Trump sought to counter criticism of his
administration's efforts to ease tough U.S. penalties on Chinese
telecommunications giant ZTE.
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, closes, 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 fired back at CBS, moving to block the media
company's efforts to strip her family of voting control. In a power
move to protect its position as the media giant's controlling
shareholder, the Redstones' family holding company dictated a
significant change on Wednesday to the rules of how CBS's board
operates.
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.
(END) Dow Jones Newswires
May 16, 2018 21:00 ET (01:00 GMT)
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