News Highlights: Top Company News of the Day
August 15 2018 - 9:15PM
Dow Jones News
Cisco Extends Growth Streak on Strong Software Sales
Cisco Systems on Wednesday reported its third-consecutive
quarter of revenue growth, evidence the networking-gear maker's
move to build up its software business is paying off.
SEC Sends Subpoena to Tesla in Probe Over Musk Tweets
Federal regulators have subpoenaed Tesla, ramping up an
investigation into Chief Executive Elon Musk's tweet last week that
he had secured funding to take the electric-car maker private.
Best Buy to Acquire Jitterbug Parent GreatCall for $800 Million
Best Buy has agreed to buy GreatCall, the maker of
senior-focused Jitterbug mobile phones, for $800 million as part of
an effort to increase investments in technology that addresses the
needs of older people
Uber's Second-Quarter Sales Rise 63% With Narrower Loss
A year after joining Uber Technologies, CEO Dara Khosrowshahi is
showing signs he can maintain the ride-hailing firm's rapid pace of
revenue growth while reining in some of its substantial losses.
Health Insurer Shuns 'Unproven' Amniotic-Tissue Products
United Healthcare said it won't reimburse patients for their use
of amniotic-tissue products made by MiMedx Group and other
manufacturers.
T-Mobile Forges Deals With Pandora, Live Nation
T-Mobile US Inc. said it will give customers free music and
perks from Pandora Media and Live Nation Entertainment, the latest
in a string of sweeteners from carriers seeking to offer more than
wireless service alone.
Macy's Lifts Profit, but Fails to Persuade Skeptics
The retailer's profit rose 50% in the latest quarter as its
same-store sales increased. Even so, the shares tumbled as analysts
questioned the speed of the company's turnaround effort.
Tech Giant Tencent Caught in Chinese Regulatory Trap
Chinese tech titan Tencent Holdings reports a rare profit
decline and disappointing sales as the internet giant struggles
with regulatory hurdles for its gaming business.
Corona Brewer Bets $4 Billion on Cannabis Startup
Corona brewer Constellation Brands is investing $4 billion into
Canadian marijuana grower Canopy Growth, one of the biggest
corporate wagers on the potential global market for
cannabis-infused drinks and other products.
Kimberly-Clark to Raise Prices in North America for Huggies, Other Brands
Consumer-goods company Kimberly-Clark is increasing its list
prices and changing package counts in the U.S. and Canada for
several brands, including Cottonelle bathroom tissue and Huggies
diapers.
(END) Dow Jones Newswires
August 15, 2018 21:00 ET (01:00 GMT)
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