What's News: Business & Finance -- WSJ
May 21 2019 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (May 21, 2019).
FCC chief Pai said he would back the combination of T-Mobile US
and Sprint after the two cellphone carriers agreed to a package of
concessions.
U.S. officials said they would grant a handful of temporary
exceptions to an export blacklist against Chinese telecom giant
Huawei.
Tech shares skidded, weighing on the broader market, after some
businesses moved to comply with restrictions on Huawei.
The SEC collected just 55% of the enforcement fines levied in
securities cases over a recent five-year period.
Ford said it is cutting about 10% of its salaried workforce,
part of a plan to reverse profit declines and catch up to
competitors.
Tesla shares touched their lowest level in more than two years.
Prices on the firm's bonds also slumped.
GM plans to wind down its Maven car-sharing service in eight of
its 17 North American cities.
Fed chief Powell said regulators must take seriously the
potential dangers posed by rising business debt.
American Airlines is suing two unions representing its mechanics
in an effort to end an alleged work slowdown.
Toshiba Memory will buy out its preferred shares held by Apple,
Dell and two other U.S. tech firms.
"Game of Thrones" set an HBO ratings record, as 19.3 million
tuned in to the final episode in the U.S.
(END) Dow Jones Newswires
May 21, 2019 02:47 ET (06:47 GMT)
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