PG&E Finger-Pointing Is Counterproductive

The bankrupt utility was found culpable for 2018 wildfires, but sharing blame is the only way to get ahead of the next big blaze.

 
Tesla Stock Hits One-Year Low

Tesla's stock dropped 5%, highlighting the electric car maker's challenges including its balance sheet and Model 3 vehicle demand.

 
T-Mobile, Sprint Get Merger Backing From FCC Chairman

FCC Chairman Ajit Pai said he would back the more than $26 billion combination of cellphone carriers T-Mobile US and Sprint after the companies agreed to a package of concessions.

 
Ford to Cut 7,000 Jobs in Bid to Catch Up to Rivals

Ford Motor said it is cutting 7,000 salaried employees, or about 10% of its white-collar workforce, part of Chief Executive Jim Hackett's broader plan to reverse declining profits and catch up to competitors in the fast-changing car business.

 
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 to Buy EchoStar's Broadcast Satellite Business

Dish Network reached a deal to buy EchoStar's broadcast satellite-service business for about $800 million in stock, as the company brings in-house operations it split off more than a decade ago.

 
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 Android services on Huawei smartphones.

 
Morgan Stanley Buys Stake in French Asset Manager Tikehau Capital

A unit of the U.S. investment bank, alongside existing shareholders, will invest at least EUR300 million ($334.9 million) of fresh equity into the Paris-based asset manager.

 
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.

(END) Dow Jones Newswires

May 20, 2019 15:15 ET (19:15 GMT)

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