News Highlights: Top Company News of the Day
October 16 2017 - 9:15PM
Dow Jones News
Facebook Buys TBH, a Teen-Targeted Anonymous Poll App
Facebook, which is trying to make inroads with younger users,
said Monday that it bought TBH, an anonymous polling app that has
become an overnight sensation among teens.
Verizon FiOS Stops Carrying Univision
Spanish-language broadcaster Univision has gone dark in Verizon
FiOS homes Monday afternoon as the two sides have been unable to
come to terms on a new distribution agreement.
Redstone's Ex-Companion Sues His Daughter, Grandson
Manuela Herzer, a former companion of Sumner Redstone, has sued
his daughter and grandson for more than $100 million, alleging they
effectively ran a criminal enterprise to illegally spy on her and
oust her from the media mogul's life.
TMX Group to Review Listed Marijuana Companies With U.S. Operations
The operator of Canada's two biggest stock exchanges said Monday
that it will conduct a review of the legality of its listed
cannabis companies with U.S. operations and may delist them if the
firms' business activities violate U.S. federal law.
Airbus, Bombardier in Deal for CSeries Jet Business
Bombardier is in discussions to roll its CSeries passenger jet
business into a joint venture with Airbus as the Canadian company
struggles to overcome stalled aircraft orders and harsh U.S. trade
tariff rulings, people familiar with the talks said.
Significant Flaw Discovered in Wi-Fi Security Protocol
A bug in the software used to connect the world's wireless
devices could give hackers a new way to snoop on Wi-Fi traffic,
sending device manufacturers scrambling to release patches.
Netflix Needs to Keep Feeding the Beast
Netflix investors covet growth above all other metrics, so
shares shrugged off the new spending forecast after the company
once again saw a strong jump in streaming subscribers for the third
quarter
McKinsey Cites Violations of Its Standards in South Africa Deal
McKinsey & Co. said it had disciplined some staff for
violating professional standards on a contract with Eskom, South
Africa's state-owned power company.
P&G Says Nelson Peltz Lost Bid for Board Seat by About 0.2% of Share Count
Procter & Gamble said it beat Nelson Peltz by 6.15 million
votes, only about 0.2% of its shares outstanding, a slim difference
that is now headed to a weekslong recount to determine the final
outcome of the most-expensive proxy fight in history.
Impax Laboratories and Amneal Pharmaceuticals Near Merger Agreement
Impax Laboratories Inc. and Amneal Pharmaceuticals LLC are close
to agreement on a merger that would create the nation's
fifth-largest generic-drug company by revenue, according to people
familiar with the matter.
(END) Dow Jones Newswires
October 16, 2017 21:00 ET (01:00 GMT)
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