News Highlights: Top Company News of the Day
May 23 2019 - 7:30PM
Dow Jones News
Broker Sales Practices to Face Limits
Stockbrokers will soon have to disclose more about conflicts of
interest that can bias investment advice under a government plan
favored by Wall Street.
HP Reports Flat Revenue but Beats Wall Street Targets
HP reported better-than-expected revenue in it latest quarter,
as gains in selling personal devices offset a drop in
printing-related sales.
Hewlett Packard Enterprise Boosts Outlook Despite Falling Revenue
Hewlett Packard Enterprise raised its financial targets for the
year even as sales fell in its most recent quarter.
Intuit Raises Outlook Amid TurboTax Scrutiny
Intuit raised its profit and sales outlook for the year, citing
strong results in the latest quarter despite mounting legislative
scrutiny over the business practices of its TurboTax
tax-preparation software unit.
Old Sears Can't Pay Its Way Out of Bankruptcy, Creditors Say
The retailer filed for bankruptcy protection last year, sold off
parts of its business, and tried to scrape together cash to pay off
hundreds of millions of dollars of debts. The old Sears left behind
is pushing for court approval of a chapter 11 plan, but a group of
creditors said in a court filing on Wednesday that there is not
enough money to cover costs from the bankruptcy process itself.
Target Looks to Acquire WPP's Retail Ad Firm
Target is in talks to buy retail advertising firm Triad Retail
Media from WPP, as the retailer seeks to boost its digital
advertising business, according to people familiar with the
matter
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.
(END) Dow Jones Newswires
May 23, 2019 19:15 ET (23:15 GMT)
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