News Highlights: Top Company News of the Day
April 16 2018 - 5:15PM
Dow Jones News
Netflix Expands Growth In International Markets
Netflix reported another quarter of blockbuster subscriber
growth and provided an upbeat outlook for the current period as the
company continued to expand into international markets.
U.S., Britain Issue Warnings Over Chinese Telecom Equipment Maker ZTE
U.S. and British officials both issued warnings over giant
Chinese telecommunications-equipment ZTE, signaling sharply
escalating Western scrutiny of the sector.
Stock Pickers Ready to Take the Facebook Out of 'FANG'
Stock-picking fund managers have soured on Facebook since the
social network's revelation that millions of users' data were
compromised, with some either partially or completely abandoning
their positions.
Bank of America's Profits Lifted by Tax Law
Bank of America reported higher first-quarter earnings, boosted
by the U.S. tax law and continued rising interest rates. The
results extended the string of better-than-expected results from
the nation's biggest banks.
ISS Says Five Equifax Directors Should Be Voted Out
Proxy advisory firm Institutional Shareholder Services is
calling for Equifax investors to vote against the re-election of
five Equifax board members after a massive cybersecurity breach
last year.
Why WPP Is Better Off Without Martin Sorrell as CEO
WPP faced serious disruption to its business long before CEO
Martin Sorrell stepped down. His exit won't clear away those
problems, but it might set the company on the path to addressing
them.
New York Times, New Yorker Share Pulitzer for Sexual-Harassment Coverage
The New York Times was awarded three Pulitzer Prizes, including
the award for public-service journalism, while the Reuters news
agency won two.
Shire to Sell Oncology Unit as Takeda Mulls Takeover
Shire has agreed to sell its oncology business to French
drugmaker Servier for $2.4 billion, in a deal that could discourage
Takeda from launching a takeover.
Carl Icahn All But Exits Casinos With Tropicana Entertainment Sale
Carl Icahn's company is selling its majority-owned casino
subsidiary, Tropicana Entertainment, for about $1.85 billion.
Goldman Sachs Earnings: What to Watch
Goldman Sachs Inc. is expected to report its first-quarter
results before the market opens on Tuesday.
(END) Dow Jones Newswires
April 16, 2018 17:00 ET (21:00 GMT)
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