News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Western Digital Takes Toshiba to Arbitration Over Joint Unit

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Western Digital Corp. ratcheted up the pressure in its dispute with Toshiba Corp., filing a request for binding arbitration to prevent the company from selling its stake in operations jointly owned by the two companies.

Microsoft Claims Stolen U.S. Government Code Fuels Cyberattack

Microsoft said that the software used in the global cyber assault that began Friday came from code stolen from the U.S. National Security Agency, adding that the attack should serve as a wake-up call for governments over the risks of hoarding such digital weapons for use against their enemies.

Katy Industries Files for Chapter 11 Bankruptcy Protection

Katy Industries Inc., a manufacturer of commercial cleaning and consumer storage products, filed for chapter 11 bankruptcy protection Sunday with a plan to sell its assets to an investment vehicle called Jansan Acquisition.

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NASA's Mega-Rocket and Deep-Space Capsule Face Concerns

Sending astronauts to the moon and beyond is projected to pose particularly significant safety risks during re-entry and landing. Budget and production woes have further delayed NASA's human exploration program for deep space, with federal watchdogs raising fresh concerns about safety.

SoFi President Nino Fanlo to Leave Firm for Biotech Startup

Nino Fanlo, SoFi's president and chief financial officer, is leaving the firm at the end of the month to take over as finance chief at Human Longevity Inc., a four-year-old genomics company.

United's Cockpit Door Security Codes Inadvertently Revealed

United Continental Holdings Inc. sent out an alert about a breach in cockpit-door security procedures after a flight attendant mistakenly posted information that included access codes on a public website. The problem was subsequently fixed.

Western Firms Bet Big on China's Billion-Dollar Infrastructure Project

The "One Belt, One Road" infrastructure project is expected to open up new avenues for Western companies searching for growth opportunities outside their home markets-if they already have deep ties in China and the region.

SpaceX Launch Aims to Highlight Advances

If Elon Musk's SpaceX racks up another successful rocket launch this week, the blastoff could go a long way toward convincing critics that the company has recovered from a pair of explosions in 2015 and 2016.

Southern Reaches Short-Term Deal With Westinghouse on Nuclear Plant

The company said it has an agreement to take over management of the Vogtle nuclear-power project and continue construction work through June 3.

Ford CEO Drives Strategy Directly to Wall Street

Ford Motor Co. Chief Executive Mark Fields, under pressure from the board to sharpen the company's strategy, met with Wall Street analysts who have expressed increasing frustration with its stock price performance.

(END) Dow Jones Newswires

May 14, 2017 21:15 ET (01:15 GMT)