News Highlights: Top Company News of the Day
September 25 2018 - 11:15PM
Dow Jones News
State Officials Weigh Joint Probes of Big Tech Companies
State officials expressed concerns about technology giants'
market dominance and user-privacy practices at a meeting hosted by
U.S. Attorney General Jeff Sessions.
CBS Names Richard Parsons as Interim Chairman
CBS Corp.'s board of directors has named Richard Parsons interim
chairman, and two other longtime directors have resigned, in the
latest significant change in the broadcaster's ranks, the company
said.
Nike's Sales Rise 10% on Higher Spending on Sneakers and Apparel
Nike posted a 10% increase in sales during the summer quarter,
riding strong consumer spending in the U.S. and healthy demand
outside its home market for the brand's sneakers and athletic
apparel.
Nike Buzz Created Tough Expectations
Kaepernick ads sent stock to a record but solid earnings failed
to further excite investors.
Congress Passes Bill Updating Music Copyright Protections for the Spotify Era
A bill overhauling music copyright law for the digital age won
approval in the House of Representatives, the final hurdle before
making its way to President Trump's desk.
Shareholders Win Vote Urging Smith & Wesson Maker to Review Safety Efforts
Investors in American Outdoor Brands Corp. on Tuesday won a
shareholder vote urging the top U.S. firearm maker to do more to
address gun violence.
Twitter Proposes Banning Dehumanizing Content
Twitter plans to expand its rules to no longer allow content
that treats others as subhuman in its latest attempt to replace
toxic speech with healthier discourse.
Facebook's Messing With Instagram Prompted Co-Founders' Departure
Instagram's co-founders increasingly clashed with Facebook CEO
Mark Zuckerberg over a range of issues, including recent changes to
the photo-sharing app that appeared designed to promote Facebook's
growth at Instagram's expense.
Owners of Last U.S. Nuclear Plant Face Few Good Options as Deadline Nears
The owners of the last remaining nuclear-power plant under
construction in the U.S. continued Tuesday to negotiate a deal to
finish the half-built project. But in some ways, the choice of
whether to keep going amounts to a no-win proposition.
Former Bankrate CFO Sentenced to 10 Years for Accounting Fraud
The former chief financial officer of Bankrate, the financial
services and marketing company, was sentenced to 10 years in prison
for securities and accounting fraud.
(END) Dow Jones Newswires
September 25, 2018 23:00 ET (03:00 GMT)
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