News Highlights: Top Company News of the Day

Date : 05/16/2018 @ 11:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Zuckerberg to Meet European Officials Next Week 

Facebook CEO Mark Zuckerberg will meet with French President Emmanuel Macron and other European officials next week, as the Silicon Valley giant tries to calm tension with regulators and policy makers on both sides of the Atlantic.

Cisco Slips as Forecast Overshadows Beats on Quarterly Earnings, Sales 

Cisco Systems showed sustained growth in the latest period, largely beating internal and Wall Street expectations, but its forecast for the current quarter lacked some luster and shares fell 4% late.

Ford to Resume F-150, Super Duty Vehicle Production Within Days 

Ford Motor Co. is resuming production of F-150 and Super Duty trucks ahead of schedule at three assembly plants after a fire earlier this month at one of its supplier's facilities created a parts shortage.

Lachlan Murdoch to Lead 'New' Fox If Disney Deal Closes 

If the $52.4 billion deal for Walt Disney Co. to buy the bulk of 21st Century Fox, including its TV and film studio, closes, Lachlan Murdoch will serve as chairman and chief executive of the remaining new Fox company.

Shari Redstone Moves to Defend Family's Voting Power Over CBS 

Shari Redstone is moving to block CBS Corp.'s efforts to strip her family of voting control. The Redstones' family holding company, National Amusements, issued a change to CBS's bylaws on Wednesday in an attempt to block the board's ability to dilute its voting power.

Private-Equity Tech Titans Face Off With New Funds 

Two of the largest technology-focused private-equity firms are competing to raise money for what would be their biggest funds, ratcheting up an already heated race for buyouts in the industry.

Southwest Completes Engine Inspections 

Southwest Airlines said it has completed engine inspections across its fleet of more than 700 jets after a fatal accident on one of its flights last month.

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.

FDA Approves Nonopioid Treatment for Opioid Withdrawal Symptoms 

The U.S. Food and Drug Administration has approved the first nonopioid treatment to help adults manage opioid withdrawal symptoms as the agency looks to continue to encourage the development of therapies to help patients suffering from addiction.


(END) Dow Jones Newswires

May 16, 2018 19:15 ET (23:15 GMT)

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

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