SoftBank Agrees to Sell Flipkart Stake to Walmart

The operator of the world's largest technology fund-which holds a 21% stake in Flipkart-had been delaying a decision to participate in Walmart's $16 billion deal to take control of India's largest e-commerce company.

 
Shareholders Rebuke Wynn Resorts on Executive Pay

Wynn Resorts shareholders voted overwhelmingly against the company's executive compensation plan, a rare public rebuke of the corporation's leadership in the months since founder Steve Wynn resigned amid sexual-misconduct allegations.

 
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.

 
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.

 
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.

 
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.

 
Intuit Sees Revenue Growth, Higher Profit

Intuit reported third-quarter adjusted earnings of $4.82 a share, beating the $4.68 a share analysts were looking for. Shares fell 1% late as adjusted earnings guidance for the fourth quarter came in below estimates.

 
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.

 
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.

 
Toll Brothers Shares Slide, Hurt by Weak Results

Shares of high-end home builder Toll Brothers fell 10% after the company reported lower-than-expected profit margins for its most recent quarter.

(END) Dow Jones Newswires

May 22, 2018 23:15 ET (03:15 GMT)

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