News Highlights: Top Company News of the Day
May 24 2019 - 9:30AM
Dow Jones News
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)
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