News Highlights: Top Company News of the Day

Date : 04/16/2018 @ 9:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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)

Copyright (c) 2018 Dow Jones & Company, Inc.
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