News Highlights: Top Company News of the Day
May 20 2019 - 11:15PM
Dow Jones News
U.S. Plans Temporary Exemptions to Huawei Blacklist
U.S. officials said they would grant a handful of temporary
exceptions to an export blacklist against Huawei Technologies Co.,
giving suppliers and customers of China's telecom giant a 90-day
reprieve from tough trade penalties.
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.
Legg Mason Reaches Deal With Hedge Fund Trian
Legg Mason confirmed it reached an agreement with Trian Fund
Management on the composition of its board, naming Nelson Peltz and
Ed Garden as directors.
Court Rules Judge, Not Jury, Should Decide Merck Fosamax Case
Merck & Co. won a partial victory at the Supreme Court,
which ruled that a judge, rather than a jury, must decide whether
regulators took steps that immunize the company from claims its
osteoporosis drug injured patients.
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.
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.
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.
Ascena's Dressbarn to Shut Down
Ascena Retail Group Inc. said planned to wind down its Dressbarn
retail operations, resulting in the closure of about 650
stores.
GM Scales Back Maven Car-Sharing Business
General Motors' Maven car-sharing service will wind down service
in eight of the 17 North American cities it operates in within the
next few months, a GM spokeswoman said.
Judge Reins In Jay Alix's Bankruptcy Brawl With McKinsey
In an opinion filed Friday with the U.S. Bankruptcy Court in
Richmond, Va., Judge Kevin Huennekens dealt a setback to Mr. Alix,
who has for years tried to sanction McKinsey for what he says were
illegal disclosure practices in the 2015 bankruptcy of Alpha
Natural Resources.
(END) Dow Jones Newswires
May 20, 2019 23:00 ET (03:00 GMT)
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