Qualcomm Shares Hit by Ruling on Antitrust Violation 
 

Qualcomm unlawfully suppressed competition in the market for cellphone chips and used its dominant position to exact excessive licensing fees, a judge ruled in a decision that could shake up the smartphone industry. Qualcomm shares fell more than 10%.

 
Nascar Founding Family Strikes Deal to Take Speedway Operator Private 
 

The company that owns Nascar auto-racing venues has agreed to go private, an effort by the family that has long controlled and promoted the motor sport to better position it amid heightened competition for fans.

 
Lowe's Cuts Outlook as Profit Gets Squeezed 
 

Sales growth at Lowe's outpaced rival Home Depot for the first time since 2016, but margins fell more than expected and the home-improvement retailer trimmed its profit expectations for the year.

 
Deutsche Bank Finds Flaw in System That Tracks Suspicious Activity 
 

Deutsche Bank found a glitch in computer systems that retroactively scan corporate clients' transactions for suspicious activity, a sign of trouble in efforts to guard against potential money laundering by clients.

 
Target Sales Boosted by Store Remodels, Digital Shift 
 

Target said sales and profit rose at the start of the year, as improvements to its stores, products and digital capabilities attracted more shoppers.

 
Avon Nears Sale to Brazil's Natura Cosmeticos 
 

Avon Products is close to a sale to Brazil's Natura Cosmeticos in a deal that would mark the end of the independence of a 20th-century business icon.

 
Huawei Feels U.S. Squeeze in U.K., Japan as Partners Curb Business 
 

Chip designer Arm is suspending business with Huawei and major mobile-phone carriers in Japan and the U.K. are holding off on new Huawei phones in the face of U.S. restrictions on the Chinese company.

 
Wynn Resorts, MGM Resorts End Talks Over Boston-Area Casino 
 

Wynn Resorts said it was ending talks with MGM Resorts International to sell its Encore Boston Harbor property. MGM would have had to unload a property it opened in Massachusetts last year.

 
UPS Reaches Large Renewable Natural Gas Deal With Clean Energy Fuels 
 

United Parcel Service said it will buy 170 million gallon equivalents of renewable natural gas over seven years from Clean Energy Fuels as it works to increase alternative fuel consumption.

 
China's Mobile-Payment Giants Come Under Fire in Nepal 
 

The Himalayan nation dealt a blow to Chinese payment platforms that have been aggressively expanding abroad, restricting them after finding that some transactions they facilitated flouted its laws.

 
 

(END) Dow Jones Newswires

May 22, 2019 13:15 ET (17:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.