News Highlights: Top Company News of the Day
August 16 2018 - 05:15PM
Dow Jones News
SEC Pressing Tesla Directors on Communications With Elon Musk
Federal regulators are pressing Tesla Inc.'s directors for
details on how much information Chief Executive Elon Musk shared
with them before he tweeted last week about a potential deal to
take the company private, according to a person familiar with the
matter.
Trump Asks Justice Department to Sue Opioid Companies
President Trump called on his attorney general to sue opioid
makers, his latest move in an administration-wide effort to combat
the painkiller epidemic that caused a record number of deaths in
2017.
Judge Rejects Large Parts of FTC Suit Against DirecTV
A federal judge rejected large parts of a nearly $4 billion
government lawsuit alleging satellite-TV giant DirecTV engaged in
deceptive advertising.
Walmart Rides Strong Consumer Spending to Faster Sales Growth
Walmart said sales rose at the fastest rate in over a decade as
the world's largest retailer continues to draw more people to
stores and benefit from strong consumer spending.
J.C. Penney Lowers Earnings Outlook as Sales Fall
J.C. Penney Co. lowered its full year earnings outlook after the
retailer reported a wider loss and lower sales.
Wendy's Exits Stake in Arby's Parent
Wendy's sold its remaining stake in Inspire Brands, the owner of
Arby's and Buffalo Wild Wings, back to the company for $450
million.
Hershey CFO to Retire in 2019
Hershey's finance chief Patricia Little is leaving the candy
maker at a time of rising costs and changing consumer tastes toward
healthier snacks.
Netflix Signs Up 'Black-ish' Creator Kenya Barris
Netflix said it has signed writer and producer Kenya Barris,
creator of ABC's "black-ish," to an exclusive multiyear deal, the
latest addition to its star-studded lineup of creative talent.
AMD Set to Crack Intel's Lock on Data Centers
Chip maker Advanced Micro Devices is expected to cut into
Intel's stranglehold on the data-center business in the coming
year.
Tesla Backs Off Solar Panel Deal With Panasonic
Tesla has backed away from an agreement to buy all the output
from a solar-panel factory it operates with Panasonic, the Japanese
firm said, another sign of the uncertain outlook for Tesla's solar
business.
(END) Dow Jones Newswires
August 16, 2018 17:00 ET (21:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.