News Highlights: Top Company News of the Day

Date : 09/17/2019 @ 10:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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.

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