News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Facebook Refunds Some Advertisers After Finding New Measurement Bug

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Facebook said it is issuing refunds to some advertisers after discovering a bug in its system that led it to overstate clicks on marketers' websites, a disclosure that comes as Madison Avenue is demanding better and more transparent measurement from the social network.

Co-Founder Returns to Twitter

Twitter co-founder Biz Stone is rejoining the micro-messaging company to focus on its culture, in an attempt to revive morale amid executive departures and slumping growth.

Budweiser Uses Giveaway Fridges to Freeze Out Rivals, State Alleges

A battle is brewing in Massachusetts between state regulators and Anheuser-Busch, over allegations the beer giant has doled out nearly $1 million in unlawful giveaways to entice retailers and bars to push Budweiser over rivals.

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Despite Promises, Car Makers Are Set on Job Cuts

Faced with softening U.S. car sales and mounting investor skepticism about Detroit's ability to weather the first industry downturn in nearly a decade, auto executives are facing a tough choice in who to please-Wall Street or the White House.

Report: Hundreds More Department Store Closures Are Necessary

The forecast for department store chains just got worse. Green Street Advisors is raising the tally for the number of store closures needed to normalize business at malls.

Ford Aims to Cut Global Workforce by Roughly 10%

Ford Motor Co. aims to cut about 10% of its global workforce amid Chief Executive Officer Mark Fields's drive to boost profits and the auto maker's sliding stock price, according to people briefed on the plan.

SEC Approves New York Stock Exchange 'Speed Bump' Trade Delay

U.S. regulators have given the New York Stock Exchange a green light to introduce a "speed bump" to one of its markets, a plan widely seen as an attempt to undermine upstart rival IEX Group Inc.

Dick's Sporting Goods Pulls Back on Store Openings; Stock Sinks

Shares of Dick's Sporting Goods fell 13% after the retailer said sales at existing stores fell short of forecasts and it would scale back new store openings.

Home Depot Reports Growth as Home Builder Sentiment Rises

Home Depot posted sales and profit growth in its first quarter, as the housing market continues to grow.

Why Wal-Mart Is Worried About a Discount German Grocer

Lidl, a German discount chain that has upended British retailers, is slated to open its first U.S. stores this year, and Wal-Mart is preparing by tweaking store-brand selection, lowering some prices and speeding up checkout lines.

(END) Dow Jones Newswires

May 16, 2017 19:15 ET (23:15 GMT)