News Highlights: Top Company News of the Day
August 17 2017 - 5:30AM
Dow Jones News
Apple's Cook Joins Business Leaders Criticizing Trump's Remarks
Apple CEO Tim Cook joined the chorus of business leaders
criticizing President Trump's response to Saturday's deadly
white-supremacist protests and said the company would donate money
to battle hate groups.
Facebook Shut Down Employee Chat Room Over Harassing Messages
Facebook dismantled a popular anonymous discussion board for
employees last year that had become a forum for conservative
political debate that sometimes degenerated into racist or sexist
comments.
Elliott Moves to Block Berkshire Bid for Oncor; Buffett Stands Pat
Elliott Management has purchased a slice of debt that would
ensure the hedge fund's ability to block Warren Buffett's deal to
buy power-transmission business Oncor, according to people familiar
with the matter.
Deloitte Acquires Acne Agency to Boost Creative Services
Deloitte Digital has purchased creative agency Acne, the latest
effort by a consulting firm to add services for marketers.
Sears Canada Chairman Preps Going-Concern Bid
Executive Chairman Brandon Stranzl intends to submit an offer
for Sears Canada that would preserve the company as a going
concern, according to a Wednesday memorandum filed in its
insolvency proceedings.
Analog Devices Hires CFO From Wabco Holdings
Chip maker Analog Devices has hired Wabco Holdings' chief
financial officer, Prashanth Mahendra-Rajah.
Mexican Supreme Court Backs América Móvil on Fees
Mexico's Supreme Court ruled a law requiring dominant phone
carrier América Móvil SAB to complete calls from rival networks
without charge is unconstitutional, leaving it up to regulators to
determine interconnection fees.
Prosecutors Allege Insider Trading Involving Former Bank of America IT Worker
A former Bank of America employee and several friends at
prominent Wall Street firms face criminal insider-trading charges
over tips about potential mergers gleaned from a confidential deals
database.
White House: Health-Insurer Payments Will Be Made in August
The Trump administration said the federal government would make
a set of payments to insurers for August, despite threats from the
president that the funding would be halted.
Cisco Predicts Another Drop In Sales
Shares of Cisco Systems fell more than 1% in after-hours trading
after the networking company reported fiscal fourth-quarter revenue
and adjusted earnings in line with expectations but predicted
another drop in revenue in the next quarter.
(END) Dow Jones Newswires
August 17, 2017 05:15 ET (09:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.