Cisco Extends Growth Streak on Strong Software Sales 
 

Cisco Systems on Wednesday reported its third-consecutive quarter of revenue growth, evidence the networking-gear maker's move to build up its software business is paying off.

 
Henkel 2nd Quarter Sales Grew 
 

Germany's Henkel AG & Co. KGaA said Thursday that second-quarter sales grew despite a strong negative currency effect, and the company revised its full-year guidance.

 
Starboard Seeks Five Board Seats at Symantec 
 

Activist investor Starboard Value LP has taken a position in the cybersecurity company and privately nominated five directors to its 11-person board in July.

 
SEC Sends Subpoena to Tesla in Probe Over Musk Tweets 
 

Federal regulators have subpoenaed Tesla, ramping up an investigation into Chief Executive Elon Musk's tweet last week that he had secured funding to take the electric-car maker private.

 
Tencent's Rout This Year Has Wiped Out Over $175 Billion in Market Value 
 

Tencent's selloff has sparked fears of a broader contagion for tech stocks around the world.

 
Best Buy to Acquire Jitterbug Parent GreatCall for $800 Million 
 

Best Buy has agreed to buy GreatCall, the maker of senior-focused Jitterbug mobile phones, for $800 million as part of an effort to increase investments in technology that addresses the needs of older people

 
Uber's Revenue Growth Keeps Up Fast Pace as Losses Narrow 
 

A year after joining Uber Technologies, CEO Dara Khosrowshahi is showing signs he can maintain the ride-hailing firm's rapid pace of revenue growth while reining in some of its substantial losses.

 
Health Insurer Shuns 'Unproven' Amniotic-Tissue Products 
 

United Healthcare said it won't reimburse patients for their use of amniotic-tissue products made by MiMedx Group and other manufacturers.

 
T-Mobile Forges Deals With Pandora, Live Nation 
 

T-Mobile US Inc. said it will give customers free music and perks from Pandora Media and Live Nation Entertainment, the latest in a string of sweeteners from carriers seeking to offer more than wireless service alone.

 
Macy's Lifts Profit, but Fails to Persuade Skeptics 
 

The retailer's profit rose 50% in the latest quarter as its same-store sales increased. Even so, the shares tumbled as analysts questioned the speed of the company's turnaround effort.

(END) Dow Jones Newswires

August 16, 2018 05:00 ET (09:00 GMT)

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