News Highlights: Top Company News of the Day
May 22 2018 - 7:30PM
Dow Jones News
Univision Taps Vincent Sadusky as CEO, Succeeding Randy Falco
Univision Communications Inc. has tapped media veteran Vincent
Sadusky as chief executive, succeeding Randy Falco at the troubled
Spanish-language broadcaster, according to people familiar with the
matter.
Facebook CEO Dodges Tough Questions by EU Lawmakers
Mark Zuckerberg apologized to EU lawmakers over the fake-news
and privacy scandals engulfing Facebook, but rebuffed suggestions
that the company has outsize market power and avoided responding to
many difficult questions.
Amazon's Facial Recognition Fans Big Brother Fears
Dozens of civil-rights organizations called on Amazon.com to
stop selling its facial-recognition technology to law-enforcement
organizations.
J.C. Penney CEO Quits to Join Lowe's
Marvin Ellison is quitting his job as chief executive of
struggling J.C. Penney to take over leadership of Lowe's, another
retailer in need of a revamp.
U.S. Banks Reported Record First-Quarter Profit
U.S. banks notched record quarterly profit to start 2018, a
result of the new tax law, rising interest rates and an improving
economy. But there may be signs of trouble in credit-card
lending.
Kushner Cos. and LNR Negotiating Debt on Manhattan Skyscraper
The debt on 666 Fifth Ave. has moved to center stage as Kushner
and Brookfield work to complete their deal for the 39-story
Manhattan building.
U.S., China Agree on Outline to Settle ZTE Controversy
The U.S. and China have agreed on the broad outline of a deal
that would save imperiled Chinese telecom giant ZTE, as the two
sides move closer to resolving their trade dispute.
HP Enterprise Raises Annual Forecast on Strong Quarterly Results
Hewlett Packard Enterprise reported second-quarter results swung
to a profit of $778 million, or 34 adjusted cents a share, on
revenue of $7.47 billion. Shares rose less than 1% late as adjusted
profit beat expectations.
Airbus, EU Say Plane Subsidies Are Over; U.S. Disagrees
A massive airplane subsidy dispute between the U.S. and European
Union escalated on Tuesday after SE said that it took steps with
France, Germany, Spain and the U.K., to satisfy World Trade
Organization demands, but the move didn't satisfy Washington.
Former Valeant Exec Found Guilty on Charges Related to Kickback Scheme
A Manhattan federal jury found a former Valeant executive guilty
of charges that he defrauded the pharmaceutical giant through a
multimillion-dollar kickback scheme.
(END) Dow Jones Newswires
May 22, 2018 19:15 ET (23:15 GMT)
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