News Highlights: Top Company News of the Day
May 14 2021 - 1:30PM
Dow Jones News
Coke to Discontinue Coca-Cola Energy in U.S.
The soda giant saw disappointing sales after launching the drink
last year in an effort to break into a fast-growing beverage
category dominated by Red Bull and Monster.
Facebook Loses Bid to Block Ruling on EU-U.S. Data Flows
The social-media company lost a bid to block a European Union
privacy decision that could suspend its ability to send information
about Europeans to the U.S., opening a pathway toward a
precedent-setting interruption of its data flows.
Hacking Group Linked to Colonial Pipeline Attack Is Closing Down
DarkSide, the criminal group linked to a cyber attack that
disrupted U.S. gasoline deliveries this week, has told hacking
associates that it is shutting down, said security research
firms.
Software Industry Awaits Details on Biden's Order to Report Hacks
The obligations represent a shift for the private sector, which
has resisted such requirements for fear of financial and
reputational damage resulting from the release of sensitive
information about breaches.
Epic Games vs. Apple Trial, Week Two: Everything You Need to Know
Experts differed on whether smartphones are interchangeable with
other videogame platforms and the definition of a market in the
digital age.
U.K. Launches Fraud Probe Into Greensill-Linked Steel Firm
Britain's Serious Fraud Office said it is investigating
suspected fraud and money laundering at metals magnate Sanjeev
Gupta's GFG Alliance, as well as its financing arrangements with
bankrupt lender Greensill Capital.
Irish Healthcare Service Shuts Down IT Systems After Ransomware Attack
Hospitals canceled appointments and turned to paper and pen
after the attack, which used Conti ransomware, shut down IT
systems.
Coinbase Profit Surges in Exchange's First Report as Public Company
Its first-quarter top- and bottom-line figures represent records
for the company, which was founded in 2012 and is the largest
bitcoin exchange in the U.S.
Disney Adds Fewer Streaming Subscribers Than Hoped
Walt Disney added 8.7 million Disney+ subscribers in its fiscal
second quarter, and its parks segment logged an operating loss as
the company faces an economy trying to emerge from the Covid-19
pandemic.
Amazon, McDonald's, Others Woo Scarce Hourly Workers
Large U.S. employers of lower-wage workers are raising pay and
adding perks, with Amazon set to add 75,000 employees and offer
signing bonuses and McDonald's boosting wages at company-owned
restaurants.
(END) Dow Jones Newswires
May 14, 2021 13:15 ET (17:15 GMT)
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