Tesla Stock Hits One-Year Low 
 

Tesla's stock dropped 5%, highlighting the electric car maker's challenges including its balance sheet and Model 3 vehicle demand.

 
T-Mobile, Sprint Get Merger Backing From FCC Chairman 
 

FCC Chairman Ajit Pai said he would back the more than $26 billion combination of cellphone carriers T-Mobile US and Sprint after the companies agreed to a package of concessions.

 
Ford to Eliminate 7,000 Jobs 
 

Ford Motor said it is cutting 7,000 salaried employees, or about 10% of its white-collar workforce, as part of Chief Executive Jim Hackett's broader plan to revitalize the auto maker.

 
Deutsche Bank Shares Hit All-Time Low 
 

Deutsche Bank's shares traded at an all-time low as officials braced themselves for a barrage of criticism from shareholders at the bank's annual meeting Thursday in Frankfurt.

 
Toshiba Memory to Buy Out Shares From Apple, Dell 
 

Apple, Dell and two other U.S. technology companies are set to give up their preferred shares in the Japanese chip maker for more than $4 billion under a refinancing plan.

 
Dish Network Buys EchoStar Broadcast Satellite Business 
 

Dish Network said it would acquire parts of satellite-operations company EchoStar in an all-stock deal valued at about $800 million.

 
Google Bans Huawei Phones From Some Android Services 
 

Huawei has begun to feel the effects of U.S. moves to curb its access to U.S. technology as Google cut access to some Android services on Huawei smartphones.

 
Morgan Stanley Buys Stake in French Asset Manager Tikehau Capital 
 

A unit of the U.S. investment bank, alongside existing shareholders, will invest at least EUR300 million ($334.9 million) of fresh equity into the Paris-based asset manager.

 
Ryanair Warns Boeing 737 MAX Grounding Will Hurt Profit 
 

Ryanair, Europe's biggest budget airline and the region's largest customer for Boeing Co.'s 737 MAX jets, warned profit would be dented this year by the plane's global grounding.

 
Bayer's Roundup Problem Slashes Its Market Value 
 

Investors worry that Bayer's liabilities from Monsanto's allegedly carcinogenic weedkiller Roundup are only going to rise, pushing shares into a downward spiral.

(END) Dow Jones Newswires

May 20, 2019 13:15 ET (17:15 GMT)