News Highlights: Top Company News of the Day
December 09 2016 - 4:30PM
Dow Jones News
Coke CEO Muhtar Kent to Step Down
Coca-Cola said Friday that Muhtar Kent would resign from his
role as chief executive in May 2017, to be succeeded by James
Quincey, the beverage company's president and operating chief.
Who Will Succeed Gary Cohn at Goldman Sachs?
The game is on at Goldman Sachs. The likely departure of No. 2
Gary Cohn, who appears set to join the Trump administration as
senior economic adviser, sets off a new round of C-suite jockeying
at Goldman.
21st Century Fox in Talks to Buy Rest of U.K.'s Sky for $14 Billion
21st Century Fox is in late-stage discussions to buy all of Sky
PLC, the U.K.'s market-leading pay-TV provider, in a $14 billion
deal, as Fox moves to consolidate its holdings.
U.S. Regulators Step Up Pace of Takata Airbag Recall
U.S. auto safety regulators stepped up the timetable for the
replacement and repair of millions of rupture-prone Takata air bags
that have been linked to the deaths of 11 people in the U.S.
alone.
GE Boosts Dividend 4.3%
General Electric said Friday that it increased its quarterly
dividend by 4.3%, or a penny per share, to 24 cents, its first
increase since December 2014.
Commerce Department to Continue Imposing Duties on Samsung, LG Washing Machines
The U.S. Department of Commerce said it would continue imposing
duties on washing machines built in China by Samsung Electronics
Co. and LG Electronics Inc.
Facebook Is Inadvertently Posting Old Photos
Facebook Inc. is inadvertently raising long-ago published posts
to life, just weeks after the social network declared a number of
its users dead.
Orange Considering Stake in Vivendi's Canal Plus
Orange, a major French telecoms company, has held talks about
investing in Vivendi's pay-TV unit Canal Plus, according to people
familiar with the matter.
Apple's Mysterious AirPods Delay Marks Rare Misstep
Three months after trumpeting the AirPods as a breakthrough
technology, Apple still hasn't made them available. The company
says it needs time before the wireless airbuds are ready for
consumers.
Facebook's Plan to Keep Zuckerberg in Control Was Flawed, Lawsuit Says
Shareholders allege director Marc Andreessen privately coached
the CEO by text message on how to win over other members of the
board.
(END) Dow Jones Newswires
December 09, 2016 17:15 ET (22:15 GMT)
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