News Highlights: Top Company News of the Day
December 09 2016 - 03:30PM
Dow Jones News
Coke CEO Muhtar Kent to Step Down
Coca-Cola said Friday that Muhtar Kent would resign from his
role as chief executive in May 2017, to be succeeded by James
Quincey, the beverage company's president and operating chief.
21st Century Fox in Talks to Buy Rest of U.K.'s Sky for $14 Billion
21st Century Fox is in late-stage discussions to buy all of Sky
PLC, the U.K.'s market-leading pay-TV provider, in a $14 billion
deal, as Fox moves to consolidate its holdings.
GE Boosts Dividend 4.3%
General Electric said Friday that it increased its quarterly
dividend by 4.3%, or a penny per share, to 24 cents, its first
increase since December 2014.
Orange Considering Stake in Vivendi's Canal Plus
Orange, a major French telecoms company, has held talks about
investing in Vivendi's pay-TV unit Canal Plus, according to people
familiar with the matter.
Apple's Mysterious AirPods Delay Marks Rare Misstep
Three months after trumpeting the AirPods as a breakthrough
technology, Apple still hasn't made them available. The company
says it needs time before the wireless airbuds are ready for
consumers.
Facebook Finds Two More Ad-Metrics Discrepancies
A month after revealing four ad-measurement discrepancies,
Facebook has revealed two more metrics revisions.
Athene Trades Higher in Market Debut
Athene Holding Ltd. shares traded higher in their market debut,
as the provider of fixed-annuities further gives the lethargic
market for initial public offerings a lift late in the year.
Drug-Research Firm PPD Explores Sale
Pharmaceutical Product Development LLC is exploring a sale that
could value the drug-research company about $5 billion amid a rush
of takeover activity among healthcare-services providers.
Ubisoft Executives Fined for Insider Trading
Five executives at video game company Ubisoft have been fined a
total of $1.4 million by the French stock market regulator for
insider trading.
ECB Denies Monte dei Paschi More Time to Raise Capital
The European Central Bank has rejected a request from Italian
lender Banca Monte dei Paschi di Siena for more time to raise
capital, a person familiar with the matter said, paving the way for
the government to step in and rescue the bank.
(END) Dow Jones Newswires
December 09, 2016 15:15 ET (20:15 GMT)
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