News Highlights: Top Company News of the Day
August 16 2019 - 1:30AM
Dow Jones News
Capital One Cyber Staff Raised Concerns Before Hack
Before a giant data breach, Capital One employees raised
concerns within the company about what they saw as high turnover in
its cybersecurity unit and a failure to promptly install some
software to spot and defend against hacks.
Revlon Exploring Strategic Alternatives With Help From Goldman Sachs
Revlon has hired Goldman Sachs to help review strategic
alternatives, including the sale of all or parts of its business,
as the cosmetics maker copes with changing consumer tastes, a
person familiar with the matter said.
Nvidia's Earnings Show Signs of Recovery
Nvidia reported a third consecutive quarter of lower earnings
compared with the year-earlier period, but posted sequential sales
growth that boosted investor sentiment about its financial
recovery.
Mondelez, Kraft Heinz Cry Foul Over Regulator's Comments
Mondelez International and Kraft Heinz said the federal
commodities regulator failed to hold up its end of a deal that
settled a 2015 lawsuit related to alleged manipulation of the wheat
futures market.
WeWork Bond Prices Surge on Buyback Hopes
WeWork's debt is surging following the company's S-1 filing for
a proposed IPO, as investors bet the company could retire bonds
before they mature in 2025.
Cisco CIO Says Shift to Cloud Will Cut Energy Use, Costs
The chief information officer of Cisco Systems is investigating
the possibility of shutting down several energy-guzzling data
centers and transferring more data to public cloud services.
Kate Spade Brand Drags Down Handbag Maker Tapestry
Tapestry lowered its earnings guidance for the current fiscal
year, mainly due to slower growth at its Kate Spade brand.
Latin American Airline Group Notifies U.S. Authorities of Foreign Bribery Investigation
Avianca Holdings is investigating whether it violated U.S.
foreign bribery law by giving free tickets and upgrades to
government officials. The airline group said Thursday in a
securities filing that it notified the U.S. Justice Department and
the Securities and Exchange Commission about the probe and was
cooperating with the agencies.
Alcentra Capital Satisfies Activist Investor With Deal to Be Acquired by Crescent
An activist investor who has called for the sale of Alcentra
Capital Corp. said he is pleased with the investment firm's deal to
be acquired by Crescent Capital BDC Inc.
Former CFO of Cash-Advance Company Charged With Securities Fraud
Alan Heide, who served as finance chief of 1 Global Capital LLC,
was charged by federal prosecutors in Miami with operating an
alleged securities fraud scheme.
(END) Dow Jones Newswires
August 16, 2019 01:15 ET (05:15 GMT)
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