Sales Fall at Kohl's and J.C. Penney

Sales at Kohl's and J.C. Penney weakened in the latest quarter as the retailers experienced a slower start to the year, sending their shares down sharply in premarket trading.

 
Home Depot's Sales Lifted by Larger Customer Transactions

Home Depot's sales rose in the fiscal first quarter, lifted by a rise in the number of customer transactions and stronger spending per visit.

 
PPG Says It Won't Break Up, Despite Pressure From Activist Investor

PPG Industries plans to forge ahead with its current portfolio and won't split off key paints and coatings businesses.

 
Merck to Buy Cancer Drug Maker Peloton Therapeutics

Merck agreed to acquire cancer drug developer Peloton Therapeutics for $1.05 billion in cash, adding to a list of deals in 2019 by pharmaceutical companies looking to bolster their cancer treatment portfolios.

 
Boeing Official Played Down Scenario That May Have Doomed Ethiopian Jet

Four weeks after faulty sensor data led a 737 MAX jet to crash in Indonesia last year, a Boeing executive raised and dismissed the possibility of a bird collision triggering a similar sequence of events that could cause a second disaster.

 
Airbus Backs Upgrades to Planes Despite Boeing's 737 MAX Troubles

Airbus supported upgrading older-model planes for efficiency-instead of always pursuing brand-new designs-after the two crashes by Boeing's 737 MAX planes raised questions about whether legacy planes can evolve safely.

 
Urban Outfitters to Start Renting Its Clothes

Urban Outfitters is jumping into clothing rental, trying to tap one of the fastest-growing areas of fashion without discouraging people from shopping at its stores.

 
Liquor Companies See the Benefits of Sobriety

It's early days, but alcohol-free liquor seems to be on its way in. Counter-intuitively, big liquor companies should reap the rewards.

 
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, giving suppliers and customers of China's telecom giant a 90-day reprieve from tough trade penalties.

 
Sprint's Deal Is Still a Marathon

Sprint and T-Mobile moved closer to a deal with a positive decision from the FCC on Monday, but the market's strong reaction gives a misleading sense of the improved chances.

(END) Dow Jones Newswires

May 21, 2019 09:15 ET (13:15 GMT)

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