News Highlights: Top Company News of the Day
October 16 2017 - 11:30PM
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.
Rio Tinto Reduces Mined Copper Guidance
Rio Tinto has scaled back its forecast for mined copper this
year after delays in the planned ramp-up of production at the
part-owned Escondida operation in Chile's Atacama Desert.
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 Takes Major Stake in Bombardier's CSeries Jet Business
Airbus announced plans to partner with Bombardier in what could
be the biggest shake-up of the commercial jetliner business in 30
years, challenging a crippling tariff ruling pushed by Boeing and
the U.S. despite sluggish sales of a Canadian-made aircraft.
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.
Warren Buffett Is Duracell's New Pitchman in China
Duracell is using Warren Buffett's popularity in China to help
sell batteries.
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.
(END) Dow Jones Newswires
October 16, 2017 23:15 ET (03:15 GMT)
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