News Highlights: Top Company News of the Day
May 23 2019 - 11:15PM
Dow Jones News
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.
MiMedx Injectables Don't Meet Regulatory Standards Despite Claim to FDA
The biomedical company's injectable wound-care products don't
meet regulatory standards more than two years after MiMedx told the
Food and Drug Administration it complied with requirements.
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.
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.
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.
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.
PG&E Clings to Sole Control of Its Bankruptcy Through September
PG&E will stay in control of its bankruptcy proceeding until
Sept. 29, less time than it wanted, but long enough to find out
what California lawmakers will do this year about wildfire
liabilities facing the state's largest utility.
AZZ Replaces Auditor After Streak of Accounting Difficulties
Specialty equipment maker AZZ Inc. said it replaced its auditor
after the company disclosed material weaknesses in controls over
its financial reporting.
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 23:00 ET (03:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.