What's News: Business & Finance -- WSJ
24 May 2019 - 8:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (May 24, 2019).
Facebook said it stopped paying commissions to employees who
sell political ads, as the firm moves to overhaul its
practices.
The Dow lost 1.1% after the latest flare-up in U.S.-China trade
tensions. Oil prices sank and the benchmark Treasury's yield
fell.
Tepper plans to turn his Appaloosa hedge fund into a family
office managing his personal wealth.
DoorDash said it has raised $600 million in a deal that values
the food-delivery startup at $12.6 billion.
Hundreds of employees at McDonald's restaurants walked off the
job to protest workplace issues.
SpaceX last year found that an employee at one of its
contractors falsified quality reports for rocket parts.
MiMedx injectable wound-care products don't meet regulatory
standards despite the firm's claims to the FDA, internal documents
show.
Deutsche Bank's CEO said he is prepared to make "tough cutbacks"
at the lender's investment bank.
New-home sales in the U.S. fell in April, posting the largest
monthly drop since the end of last year.
Endeavor Group, Hollywood's biggest talent agency, filed for an
IPO.
Best Buy's profit rose as growing online sales of appliances and
electronics offset flat sales in stores.
HP's sales of PCs helped bolster revenue in the firm's latest
quarter.
(END) Dow Jones Newswires
May 24, 2019 02:47 ET (06:47 GMT)
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