News Highlights: Top Company News of the Day
May 20 2019 - 5:30AM
Dow Jones News
Google Cuts Off Huawei From Some Smartphone Services
Google is halting some services for smartphones made by Huawei,
a sign that the U.S. decision to deny the Chinese tech giant access
to U.S. technology will bite into its booming consumer-device
business.
Ryanair: Boeing 737 MAX Grounding Will Hurt Profit
Ryanair, Europe's largest budget airline and the region's
largest customer for Boeing's 737 MAX jets, warned that its profit
for this year would be dented by the plane's global grounding.
Bayer's Roundup Problem Sends Shares Spiraling Down
Investors are worried that Bayer's liabilities from Monsanto's
allegedly carcinogenic weedkiller Roundup are only going to rise,
pushing shares into a downward spiral.
BlackRock, Other Big Investors Spoil Uber's Coming-Out Party
Uber Technologies grew to be the nation's most valuable startup
thanks to support from some of the biggest investors around, but
that support became a liability when the ride-hailing giant made
its stock-market debut.
AI Chip Boom Lifts, Tests Nvidia
Nvidia is facing new threats to its market dominance in chips
built for artificial intelligence as rivals enter the race to power
everything from customer-service chatbots to robotic lawn
mowers.
Fiat Chrysler's Ram Is Gaining on Pickups From GM and Ford
Fiat Chrysler's Ram pickup trucks are closing the market-share
gap with rivals by offering aggressive rebates and interiors like
those of a luxury SUV, analysts and buyers say.
Nike to Change Pregnancy Policy in Athlete Contracts
Nike said it is adding language to new contracts for female
athletes that will protect their pay during pregnancy, after coming
under fire for cutting compensation for some athletes.
Big Companies Tightened Spending as Trade Fears Intensified
Spending on factories, equipment and other capital goods slowed
in the first quarter among a broad cross-section of large,
U.S.-listed firms, bolstering investor concerns that a key driver
of economic growth is fading.
Not Even Apple Can Clean Up the Mess of Streaming TV
Apple has built a hub for all your content, no matter where it
comes from or which app you use to watch it. It's a very good idea,
but the execution only serves to show how confusing and broken the
TV landscape is.
Joint Venture Plans to Revive Rare-Earths Processing in U.S.
American chemicals company Blue Line and Australian miner Lynas
are seeking to shore up supplies of important commodities caught up
in the U.S.-China trade conflict.
(END) Dow Jones Newswires
May 20, 2019 05:15 ET (09:15 GMT)
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