News Highlights: Top Company News of the Day

Date : 23/05/2019 @ 13:15
Source : Dow Jones News

News Highlights: Top Company News of the Day

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 09:00 ET (13:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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