News Highlights: Top Company News of the Day
August 16 2017 - 2:30PM
Dow Jones News
Tech Firms Ban White Supremacists, Shifting From Hands-Off Policy
Recent moves by tech companies including Alphabet Inc.'s Google,
GoDaddy, Uber and GoFundMe to crack down on white supremacists
thrust them into unusual territory for corporations that often take
a more hands-off approach to who uses their services and how.
Apple Readies $1 Billion War Chest for Hollywood Programming
Apple Inc. has set a budget of roughly $1 billion to procure and
produce original content over the next year, as the iPhone maker
shows how serious it is about making a splash in Hollywood.
Target's Lower Prices Pay Off as Sales Rise
Customers spent more at Target in its most recent quarter, as
the retailer embarked on a plan to refresh its interiors and cut
prices. The retailer also raised its profit outlook for the fiscal
year.
Uber Shareholders Fight for Control Amid Leadership Vacuum
The acrimony among Uber's investors spilled further into view
with a new letter from one shareholder alleging underhand tactics
by Benchmark Capital.
UnitedHealth Names David Wichmann as New CEO
UnitedHealth Group said its current president, David Wichmann,
will next month succeed Stephen Hemsley as chief executive, a
widely expected transition at the top of the nation's largest
health insurer.
Judge Temporarily Shields Car Makers From Some Air-Bag Lawsuits
A bankruptcy judge issued a temporary stay shielding Honda,
Toyota, Subaru and other automobile manufacturers from many
lawsuits over defective air bags made by Takata.
Tencent, Alibaba in Group Buying 35% of China State-Owned Telecom
China's internet titans are among the companies joining in a
government-encouraged plan to pump $11.7 billion into state-owned
telecom giant China Unicom (Hong Kong).
Deal to Buy High-Frequency Trader Is Part of Industry Shake Up
Electronic-trading firm DRW Holdings has agreed to buy
high-frequency trader RGM Advisors, the latest sign of how the long
period of low volatility is shaking up the high-speed trading world
and forcing out the weaker players.
Cisco Earnings: What to Watch
Cisco Systems Inc. is scheduled to report results for its fourth
quarter after the market closes Wednesday. Here's what you need to
know.
Wal-Mart Earnings: What to Watch
Wal-Mart Stores Inc. is scheduled to report its second-quarter
financial results before the market opens on Thursday. Here is what
you need to know.
(END) Dow Jones Newswires
August 16, 2017 15:15 ET (19:15 GMT)
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