News Highlights: Top Company News of the Day

Date : 05/16/2018 @ 7:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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 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 15:15 ET (19:15 GMT)

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