Nestlé Focuses on Factories, Procurement to Hit Cost-Cutting Goal 
 

Nestlé has achieved about half of the cost savings it hopes to implement by 2020 in a cost-cutting effort focused on boosting efficiency and centralizing procurement.

 
Who Needs Google's Android? Huawei Trademarks Its Own Smartphone OS 
 

Huawei is pinning its hopes on a self-designed operating system to replace Google's Android following a U.S. blacklisting. The question is: Can it succeed where others have failed?

 
Snapchat Looks to Let Users Add Music to Posts 
 

Snap is in talks with major record labels to expand the ways users can include music in posts on its flagship Snapchat app, as the company faces competitive pressure from Facebook and TikTok.

 
China Takes Over Bank Linked to Missing Financier 
 

China's central bank and banking regulator took over a troubled small commercial bank, Baoshang Bank, citing the lender as a severe credit risk.

 
DoorDash Venture Capitalists Send Dough to Wrong Address 
 

Domino's Pizza has a world-wide network of food distributors with access to the coveted last mile and a lower valuation.

 
Airlines and Fliers Brace for Summer Snarls 
 

The summer travel season is poised to inflict pain on both U.S. airlines and fliers. Among the issues at airports: the extended grounding of Boeing's 737 MAX jets, runway closures and labor shortages.

 
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.

 
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.

 
 

(END) Dow Jones Newswires

May 24, 2019 09:15 ET (13:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.