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.

 
Who Will Succeed Gary Cohn at Goldman Sachs?

The game is on at Goldman Sachs. The likely departure of No. 2 Gary Cohn, who appears set to join the Trump administration as senior economic adviser, sets off a new round of C-suite jockeying at Goldman.

 
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.

 
U.S. Regulators Step Up Pace of Takata Airbag Recall

U.S. auto safety regulators stepped up the timetable for the replacement and repair of millions of rupture-prone Takata air bags that have been linked to the deaths of 11 people in the U.S. alone.

 
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.

 
Commerce Department to Continue Imposing Duties on Samsung, LG Washing Machines

The U.S. Department of Commerce said it would continue imposing duties on washing machines built in China by Samsung Electronics Co. and LG Electronics Inc.

 
Facebook Is Inadvertently Posting Old Photos

Facebook Inc. is inadvertently raising long-ago published posts to life, just weeks after the social network declared a number of its users dead.

 
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's Plan to Keep Zuckerberg in Control Was Flawed, Lawsuit Says

Shareholders allege director Marc Andreessen privately coached the CEO by text message on how to win over other members of the board.

(END) Dow Jones Newswires

December 09, 2016 17:15 ET (22:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.