News Highlights: Top Company News of the Day

Date : 05/16/2018 @ 5:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Zuckerberg to Meet With European Lawmakers 

Facebook CEO Mark Zuckerberg has agreed to visit Brussels to meet with top European lawmakers to discuss the social network's handling of its users' personal information.

Macy's Shows Signs of Life After Prolonged Slump 

After closing dozens of unprofitable stores, Macy's reported higher sales at those locations still open amid the first signs that the department store giant is pulling out of a prolonged slump.

Disney Weighs Pixar Co-Founder's Return After Concerns on Behavior 

Executives at Walt Disney have discussed bringing animation guru John Lasseter back to the company in a new role that would reduce his managerial power but allow him to retain creative influence.

Novartis Top Lawyer Departs Over Cohen Payments 

A top executive at Swiss drugmaker Novartis is stepping down as the global fallout widens from the recent disclosure of payments to a company owned by U.S. President Donald Trump's longtime lawyer.

Former Employee of Cambridge Analytica Contacted by FBI 

A former Cambridge Analytica employee who previously revealed that the company improperly harvested data from millions of Facebook users said that he had been contacted by the FBI.

Amazon Prime's Latest Perk: Discounts at Whole Foods is offering new discounts for Prime members shopping at its Whole Foods grocery stores, adding another perk to its membership program after a 20% price hike.

GM's Next Battle With Ford: Really Big Pickups 

The business of big work trucks is bigger than ever, opening up a new front in the market-share battle between GM and Ford, which dominate the production of these multitasking pickups.

MoviePass Proves Great for Customers, Awful for Investors 

MoviePass, the service that lets people see a new film every day for $9.95 a month, has seen its subscribers skyrocket to three million. But its parent company has been bleeding cash, prompting shareholders to stampede for the exit.

Sports-Betting Companies Race to Expand After Supreme Court Decision 

With potentially billions of dollars in new revenue at stake, companies such as Churchill Downs, FanDuel and Paddy Power Betfair are racing to expand their sports betting operations after the Supreme Court struck down limits.

Canada Ready to Compensate Kinder Morgan for Pipeline Losses 

Canada said the government is prepared to compensate Kinder Morgan for losses it sustains on its proposed Trans Mountain pipeline expansion fueled by "politically motivated" delays.


(END) Dow Jones Newswires

May 16, 2018 13:15 ET (17:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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