News Highlights: Top Company News of the Day
February 27 2017 - 1:15AM
Dow Jones News
Sony Virtual-Reality Sales May Be Too Slow to Spur Game Makers
Sony sold 915,000 PlayStation VR virtual-reality headsets in the
device's first four months, a pace it called in line with its goals
but that analysts said might be too slow to motivate outside
software developers.
Sullivan & Cromwell Hires Former DOJ Antitrust Head Hesse as Partner
Sullivan & Cromwell LLP is hiring Renata Hesse, formerly
head of the antitrust division at the Justice Department, as the
law firm prepares for a continued wave of complex, cross-border
mergers and other deals.
Facing Criticism, Drug Makers Keep Lid On Price Increases
Pharmaceutical companies held most of their traditional January
list-price increases to under 10% this year, although the median
boost was little-changed from 2016. Among the critics they face now
is President Trump.
Warren Buffett Is One Stock Picker Who Believes He Can Still Beat the Market
Warren Buffett was dismissive of professional money managers in
his widely read letter to shareholders, but the billionaire
reasserted his belief in his own ability to pick winners and
losers.
Priceline Is Ready for an Upgrade
Sticker shock aside, Priceline Group shares have more room to go
assuming the travel industry stays strong.
Huawei Launches New Flagship Phone: the P10
China's Huawei Technologies, the world's No. 3 smartphone maker,
released a new flagship device aimed at taking on industry leaders
Apple and Samsung.
Samsung Unveils Two New Tablet Computers
Samsung Electronics Co. introduced two new tablet computers at a
Barcelona event that also offered a glimpse of how the South Korean
technology giant planned to move past last year's massive Galaxy
Note 7 smartphone recall.
London Stock Exchange Merger With Deutsche Börse at Risk
The planned megamerger between Deutsche Börse AG and London
Stock Exchange Group PLC to create Europe's largest exchange is at
risk after the LSE said it wouldn't sell its majority-owned
fixed-income trading platform in Italy to appease antitrust
concerns over the deal.
'La La Land,' Other Oscar Hopefuls Found Funding Beyond Hollywood Mainstream
Lions Gate Entertainment Corp.'s "La La Land," the musical with
a record-tying 14 Oscar nominations, received financial backing
from Hunan TV & Broadcast Intermediary Co. and Black Label
Media.
A People-Powered Pickup for the Art Market
Return of sidelined auction executives could boost high-end art
sales.
(END) Dow Jones Newswires
February 27, 2017 01:00 ET (06:00 GMT)
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