News Highlights: Top Company News of the Day
May 20 2019 - 9:30AM
Dow Jones News
Deutsche Bank Shares Hit All-Time Low
Deutsche Bank's shares traded at an all-time low as officials
braced themselves for a barrage of criticism from shareholders at
the bank's annual meeting Thursday in Frankfurt.
Toshiba Memory to Buy Out Shares From Apple, Dell
Apple, Dell and two other U.S. technology companies are set to
give up their preferred shares in the Japanese chip maker for more
than $4 billion under a refinancing plan.
Dish Network Buys EchoStar Broadcast Satellite Business
Dish Network said it would acquire parts of satellite company
EchoStar in an all-stock deal valued at about $800 million.
Google Bans Huawei Phones From Some Android Services
Huawei has begun to feel the effects of U.S. moves to curb its
access to U.S. technology as Google cut access to some of its
Android services on Huawei smartphones and a German chip supplier
said it was cutting deliveries to the Chinese giant.
Ryanair Warns Boeing 737 MAX Grounding Will Hurt Profit
Ryanair, Europe's biggest budget airline and the region's
largest customer for Boeing Co.'s 737 MAX jets, warned profit would
be dented this year by the plane's global grounding.
Bayer's Roundup Problem Slashes Its Market Value
Investors worry 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.
Pimco's Ties to Architect of College-Admissions Scam Ran Deep
Concerns about Pimco's connection to the college-admissions
scandal has prompted it to examine employee dealings with the
central figure behind the scheme.
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.
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.
(END) Dow Jones Newswires
May 20, 2019 09:15 ET (13:15 GMT)
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