News Highlights: Top Company News of the Day
May 23 2019 - 8:30AM
Dow Jones News
Facebook Backs Away From the Hard Sell on Political Ads
Facebook said it stopped paying commissions to employees who
sell political ads, as it overhauls how it engages with campaigns
ahead of elections in 2020.
Profit Climbs at Canada's Major Banks
Royal Bank of Canada and TD Bank, two of Canada's largest
banking entities, separately reported increases in profit in their
latest quarters.
Best Buy Performs Better Than Expected
Best Buy said its profit was better than expected in the latest
quarter as shoppers bought more appliances, wearables and
tablets.
Deutsche Bank CEO Signals More Cuts to Investment Bank
Chief Executive Christian Sewing signaled Deutsche Bank will
shrink its investment bank as it struggles to stabilize the
business and regain support from investors who have pushed its
shares to record lows.
Trade Spat Is a New Worry For Lenovo
The world's largest personal-computer maker has done
surprisingly well in recent quarters, but slowing growth and trade
tensions are risks
Hormel Cuts Forecast As Swine Fever Raises Costs
Hormel Foods lowered its forecast for sales and earnings, in
part due to African swine fever in China, a disease that has forced
producers in the country to cull pig herds, pushing meat prices
higher.
Microsoft Buys Wind Energy for Data Centers in Netherlands
Microsoft has agreed to purchase wind power from
Netherlands-based Eneco to supply clean energy to its data centers
in Holland for 15 years starting in 2022.
FAA Acting Chief Won't Predict When 737 MAX Will Return to Flight
Acting Federal Aviation Administration chief Daniel Elwell
appeared to undermine industry expectations that Boeing's grounded
737 MAX jets would be heading toward a smooth and predictable
return to the skies.
Bill Would Aid U.S. Telecom Carriers Hit by Huawei Ban
Lawmakers introduced legislation that would provide up to $700
million to help U.S. telecom carriers remove equipment purchased
from Huawei and other Chinese companies deemed a security risk.
SpaceX Rockets Were Imperiled by Contractor's Falsified Reports, Prosecutors Say
An engineer who was responsible for ensuring the quality of
parts for Elon Musk's space venture has been charged with
falsifying inspection reports.
(END) Dow Jones Newswires
May 23, 2019 09:15 ET (13:15 GMT)
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