News Highlights: Top Company News of the Day
16 August 2018 - 10:15AM
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.
Henkel 2nd Quarter Sales Grew
Germany's Henkel AG & Co. KGaA said Thursday that
second-quarter sales grew despite a strong negative currency
effect, and the company revised its full-year guidance.
Starboard Seeks Five Board Seats at Symantec
Activist investor Starboard Value LP has taken a position in the
cybersecurity company and privately nominated five directors to its
11-person board in July.
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.
Tencent's Rout This Year Has Wiped Out Over $175 Billion in Market Value
Tencent's selloff has sparked fears of a broader contagion for
tech stocks around the world.
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 Revenue Growth Keeps Up Fast Pace as Losses Narrow
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.
(END) Dow Jones Newswires
August 16, 2018 05:00 ET (09:00 GMT)
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