News Highlights: Top Company News of the Day
September 17 2019 - 5:15PM
Dow Jones News
FedEx Hit by Trade Tensions and Split With Amazon
The delivery giant lowered its outlook for the year and is
taking more cost-cutting steps, sending its shares down sharply in
after-hours trading.
Netflix Pays for Serenity Now
The media company has acquired five years of global streaming
rights to NBC's hit series "Seinfeld." Is Netflix crazy, or is it
so sane that you just blew your mind?
Facebook Forms Independent Board for Content
An independent board will have the ability to review and
potentially overturn content-moderation decisions, Facebook said.
The move allows outsiders to oversee some of the thorniest issues
the company has faced in recent years.
Juul's Sales Halted in China, Days After Launch
Sales by e-cigarette maker Juul Labs have been halted in China,
days after the startup launched its products in the world's biggest
tobacco market.
Kraft Heinz Shares Slide After 3G Trims Stake
3G Capital, the Brazilian private-equity firm that helped create
Kraft Heinz, has sold about 9% of its stake in the struggling food
maker, a move that weighed on the company's shares.
WeWork's Back Is Against a Wall
As WeWork looks to restart its IPO later this year, features
that cause shareholder dilution deserve closer scrutiny.
Amazon Music Streaming Goes High-Definition
Amazon is introducing a high-resolution version of its music
service, making it the first major subscription-streaming player to
offer digital sound quality at CD quality or better.
'Big Bang Theory' to Show on HBO's New Streaming Service
HBO Max, the streaming service AT&T's WarnerMedia is
launching next spring, has struck a deal for streaming rights to
reruns of CBS's just-ended comedy series.
Raymond James Entities Settle With SEC for $15 Million
Raymond James Financial has settled an order with the Securities
and Exchange Commission over improperly charging fees and excess
commissions and has agreed to pay the regulator $15 million.
Walmart CIO to Join Yum Brands
Walmart's chief information officer is joining Yum Brands as the
owner of KFC, Pizza Hut and Taco Bell aims to invest more in
technology to improve food delivery.
(END) Dow Jones Newswires
September 17, 2019 17:00 ET (21:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.