News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Tencent Continues to Snap Up Stakes in U.S. Startups

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Tencent Holdings, the rapidly growing Chinese internet giant, is proving a welcome source of capital to America's fledgling companies, with Snap the latest focus of its deep pockets.

Sina Shows Its Disregard for Shareholders

The U.S.-listed Chinese company has given its chairman extra voting rights to fend off activist investors.

UBS Reorganizes Investment-Banking Unit

UBS AG is reshuffling the top ranks of its investment bank as the Swiss firm seeks to become more nimble and improve its performance in the critical U.S. market.

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Silver Lake, LinkedIn Invest in Cornerstone OnDemand

Private-equity firm Silver Lake and professional networking platform LinkedIn are investing $300 million in cloud-based talent management software provider Cornerstone OnDemand.

Outcome Fires Back Against Fraud Claims by Investors

Outcome Health fired back at investors suing the prominent Chicago advertising startup, saying that their accusations of fraud are baseless and that their effort to freeze $225 million in funds controlled by the founders was unfair and could financially damage the company.

Cable Networks Power Earnings at 21st Century Fox

Twenty-First Century Fox Inc.'s revenue rose in the most recent quarter, as higher fees for its cable networks helped offset continued weakness at local TV stations and the film studio.

Equifax CEO to Congress: Not Sure We Are Encrypting Data

Two months after Equifax reported one of the worst data breaches in history, its interim chief executive told a congressional hearing Wednesday he wasn't sure whether the company was encrypting consumer data.

Merrill Lynch Revamps Broker Pay to Reward Referrals, Stronger Growth

Merrill Lynch is adjusting the way it rewards its brokers as it looks to juice more from its current ranks while ensuring wealth-management clients are referred to the parent bank.

Roku Shares Jump on Strong Growth in First Earnings Report Since IPO

Roku Inc. shares surged after it reported strong revenue growth and a smaller loss than analysts had expected in its first quarterly report as a public company.

Square Uses Larger Merchants to Beat Earnings Expectations

Square, whose white payment terminals are used by mom-and-pop stores across the U.S., benefited in the third quarter from its expansion into bigger businesses.

(END) Dow Jones Newswires

November 09, 2017 01:15 ET (06:15 GMT)