News Highlights: Top Company News of the Day
May 23 2019 - 3:30PM
Dow Jones News
Blackstone, Prologis Separately Bid For U.S. Arm of GLP
Blackstone Group and Prologis are vying to buy the U.S. arm of
Singapore's GLP in a deal that could be worth more than $20 billion
and create an industrial-warehouse giant.
Endeavor Group, Owner of UFC and Miss Universe Pageant, Files for IPO
The company that owns the Ultimate Fighting Championship, the
Miss Universe pageant and Hollywood's largest talent agency filed
for an initial public offering on the NYSE.
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.
Glencore Agricultural Boss to Retire
The head of Glencore PLC's agricultural division is leaving the
company amid turbulent grain markets and after a failed effort to
take over a rival.
Inditex Plans to Elevate Carlos Crespo to CEO
Zara-owner Inditex plans to elevate Chief Operations Officer
Carlos Crespo to be its next chief executive, a management change
the world's largest fashion chain said would help it focus on
enhancing its digital capabilities.
Zillow Could Get Scorched by Cooling Market
Zillow says it could make more money in home flipping as prices
decline, but analysts fear inventory risk would grow.
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.
(END) Dow Jones Newswires
May 23, 2019 15:15 ET (19:15 GMT)
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