Self-Driving Uber That Hit Pedestrian Wasn't Set to Stop in an Emergency

An Uber car involved in a deadly crash in Arizona wasn't designed to automatically brake in case of an emergency, the National Transportation Safety Board said.

 
Deutsche Bank to Cut Thousands of Jobs

Deutsche Bank confirmed plans to cut thousands of jobs, and the troubled lender's shares fell sharply following an update on investment-banking strategy.

 
Macron to Silicon Valley: Embrace Europe's Regulations

French President Emmanuel Macron ratcheted up tensions with U.S. tech giants calling on them to embrace Europe's regulation of topics ranging from taxation to privacy to artificial intelligence, because Washington is failing to do so.

 
Diageo Calls Time on Seagrams VO and Other Spirits

Diageo is shopping its Canadian whisky brand Seagrams VO and cinnamon schnapps Goldschlager among others as it looks to pivot towards higher-growth brands, according to people familiar with the matter.

 
Goldman, Blackstone Make Peace in Credit-Derivative Standoff

Goldman Sachs and Blackstone recently resolved a monthslong standoff over a controversial derivatives trade that had alarmed regulators and investors in the $11 trillion credit-default swaps market.

 
Pfizer to Pay $24 Million to Settle Probe Into Copay Assistance Charities

Pfizer Inc. has agreed to pay nearly $24 million to resolve allegations it violated federal law by using a charity to pay Medicare patients' out-of-pocket costs for the company's prescription drugs.

 
Europe to Clinch Cheaper Russian Gas With Gazprom Deal

The European Union settled its multiyear antitrust case against Gazprom, clinching promises of cheaper natural-gas flows from Russia as President Trump demands the bloc taps U.S. energy exports and cuts its dependence on Moscow.

 
Merrill Lynch Brokers Face Pay Clawbacks

Some Merrill Lynch brokers are bracing for a pay cut this summer as the firm's parent, Bank of America, rolls out a new compensation program that punishes advisers who don't meet certain sales targets.

 
Visa, Mastercard Push for One-Click Ordering. Retailers Say 'Not So Fast'

A new fight is brewing between merchants and card companies. Representatives of large retailers including Walmart and Home Depot met with federal regulators this week to raise concerns about a new online payment initiative that Visa and Mastercard are preparing to roll out.

 
How a Weakened ESPN Became Consumed by Politics

Anxiety over ESPN's future in the era of cord-cutting has been compounded by arguments over tweets by hosts and tensions with the network's owner Disney.

(END) Dow Jones Newswires

May 24, 2018 15:00 ET (19:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.