GE to Revisit Financial-Services Unit After Fixing Power Division

Larry Culp, General Electric's chief executive, plans to set his sights on the company's problematic financial-services business after he cuts overall debt and stabilizes its power-generation division.

 
Huawei Executive Accused by U.S. Startup of Involvement in Trade-Secrets Theft

CNEX Labs, a chip startup backed by Microsoft Corp. and Dell Technologies, has accused a senior executive at Huawei Technologies of participating in a conspiracy to steal its trade secrets, according to a court filing.

 
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

Lowe's outpaced rival Home Depot in sales growth 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.

 
Harley-Davidson Tries Revving Up Sales With Loans

Harley-Davidson is using loans to reach new riders that are younger and less wealthy than the baby boomers who drove its sales in recent decades.

 
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.

(END) Dow Jones Newswires

May 22, 2019 17:15 ET (21:15 GMT)

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