Apple Avoids Amazon's Beauty Contest, Searches Secretly for New Campus

The world's two most valuable technology companies, Apple and Amazon, are shopping for cities in which to build new corporate campuses. But with one of them, you would hardly know it.

 
Next PlayStation Is Three Years Off, Sony Says

Sony wants to spend three more years readying its next videogame move, the head of the PlayStation business said-a slight slowdown in the six-to-seven-year update cycle for the console since the first one in 1994.

 
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.

 
Foxconn Unit Plans China's Biggest IPO Since 2015

A unit of Taiwan's contract electronics manufacturer Foxconn Technology Group said it plans to raise $4.25 billion through an initial public offering in Shanghai, potentially marking China's biggest IPO since 2015.

 
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.

 
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.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

May 23, 2018 07:00 ET (11:00 GMT)

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