Snap Finishes Overhaul of Leadership Team

Snap promoted two executives internally to run its finance and personnel units, respectively, completing Chief Executive Officer Evan Spiegel's remaking of the leadership team after a series of recent departures.

 
Ascena's Dressbarn to Shut Down

Dressbarn, a unit of Ascena Retail Group, plans to eventually close its roughly 650 stores.

 
GM's Car-Sharing Business to End Service in Eight of Its 17 North American Cities

General Motors Co.'s Maven car-sharing service will wind down service in eight of the 17 North American cities it currently operates in within the next few months, a GM spokeswoman said.

 
'Game of Thrones' Finale Sets HBO Ratings Record

"Game of Thrones" set an HBO ratings record Sunday night as 19.3 million viewers tuned in to watch the epic's final episode in the U.S.

 
American Airlines Sues Mechanics Unions

American Airlines said Monday that it is suing two unions representing its mechanics in an effort to end an alleged work slowdown.

 
Tesla Stock Hits Lowest Level Since 2016

Tesla's stock dropped as much as 7% Monday, highlighting challenges for the electric car maker 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.

 
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.

 
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 CEO Jim Hackett's broader plan to reverse declining profits and catch up to rivals 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.

(END) Dow Jones Newswires

May 20, 2019 17:00 ET (21:00 GMT)

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