News Highlights: Top Company News of the Day
February 25 2020 - 7:30PM
Dow Jones News
Comcast Wraps Up Deal for Free-TV Service Xumo
The move bolsters Comcast's offerings for free, ad-supported
digital video.
Tesla's Driver-Assistance Autopilot Draws Safety Scrutiny
U.S. safety investigators leveled a blistering rebuke of the
federal regulator responsible for overseeing the safety of Tesla's
advanced driver-assistance system called Autopilot, which they
found contributed to another fatal crash.
SEC Investigating Mattel's Accounting
The toy maker said it resolved an accounting error after an
internal probe last year; SEC and federal prosecutors want a closer
look.
Disney CEO Bob Iger Steps Aside; Parks Chief to Take Helm
Bob Chapek, who has led Disney Parks, has been named Walt Disney
CEO, succeeding Bob Iger, who will stay on as executive
chairman.
Salesforce Co-CEO Block Steps Down
Salesforce.com said co-Chief Executive Keith Block is stepping
down, leaving co-founder Marc Benioff solely in charge of the
business-software provider.
FanDuel Founders, Former Employees Sue Over Getting Nothing in Deal
FanDuel's founders and more than 100 former employees say the
company's board of directors and private-equity investors
intentionally undervalued the sports-betting operator to shut them
out of an acquisition deal.
Judge Approves Sale of Endurance Event Organizer Tough Mudder
A bankruptcy judge approved the sale of endurance event
organizer Tough Mudder Inc. to rival Spartan Race Inc. for $700,000
in cash as well as the assumption of at least $7.5 million in
liabilities.
JPMorgan Won't Shun the Fed's Discount Window Anymore
CEO James Dimon said the bank is open to tapping the Federal
Reserve's rainy-day fund.
Streaming Surge Turns Recorded-Music Sales Up to $11 Billion
Recorded-music sales in the U.S. grew 13% last year to the
highest point in more than a decade, with streaming accounting for
80% of overall revenue.
Tupperware Shares Plunge as Company Delays Annual Report
The consumer-products seller is seeking more time to file its
annual report after it disclosed an internal accounting
investigation and warned of pressures on its sales and profit.
(END) Dow Jones Newswires
February 25, 2020 19:15 ET (00:15 GMT)
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