News Highlights: Top Company News of the Day
May 23 2019 - 1:15PM
Dow Jones News
McDonald's Workers Strike to Protest Pay and Harassment Complaints
Hundreds of workers at McDonald's restaurants walked off the job
on Thursday to protest what they described as low pay and workplace
harassment.
Judge Chides Qualcomm Executives Over FTC Trial Testimony
This week's court ruling against Qualcomm was more than a
business setback: It came with a stinging rebuke of the chip
giant's leaders from the federal judge who delivered the
decision.
DoorDash's Valuation Soars to $12.6 billion as Money Rushes Into Delivery
Food-delivery startup raised $600 million, as investors clamor
to get into food delivery undeterred by the lackluster stock market
debut of Uber Technologies.
Facebook Curbs Incentives to Sell Political Ads Ahead of 2020 Election
Facebook said it stopped paying commissions to employees who
sell political ads, as it overhauls how it engages with campaigns
ahead of elections in 2020. Once seen as a growth area, political
ads are now viewed within Facebook as more of a headache.
Profit Climbs at Canada's Major Banks
Royal Bank of Canada and TD Bank, two of Canada's largest
banking entities, separately reported increases in profit in their
latest quarters.
Taco Bell Plans Expansion in India With 600 New Locations
Taco Bell plans to build 600 restaurant locations in India in
the next 10 years and enter into new international markets as the
Mexican-inspired fast-food chain continues its global
expansion.
Best Buy Rides Web to Lift Sales
Best Buy said its profit rose in the latest quarter as growing
online sales of appliances and electronics offset flat sales in its
stores.
Deutsche Bank CEO Signals More Cuts to Investment Bank
Chief Executive Christian Sewing signaled Deutsche Bank will
shrink its investment bank as it struggles to stabilize the
business and regain support from investors who have pushed its
shares to record lows.
Trade Spat Is a New Worry For Lenovo
The world's largest personal-computer maker has done
surprisingly well in recent quarters, but slowing growth and trade
tensions are risks
Hormel Cuts Forecast As Swine Fever Raises Costs
Hormel Foods lowered its forecast for sales and earnings, in
part due to African swine fever in China, a disease that has forced
producers in the country to cull pig herds, pushing meat prices
higher.
(END) Dow Jones Newswires
May 23, 2019 13:00 ET (17:00 GMT)
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