News Highlights: Top Company News of the Day
May 25 2018 - 3:30PM
Dow Jones News
Trump Team Seeks Truce With Congress Over ZTE
The Trump administration is scrambling on Capitol Hill to keep
lawmakers from undermining talks with China by blocking a deal to
roll back penalties on telecom giant ZTE.
T-Mobile Says It Hired Lobbying Firm Tied to Corey Lewandowski
T-Mobile is getting advice from Corey Lewandowski, the former
campaign manager for President Donald Trump, as part of a lobbying
effort to help the company secure federal approval for its proposed
takeover of Sprint.
Cruise-Control Software Glitch Prompts Fiat Chrysler Recall
Fiat Chrysler said it is recalling nearly five million vehicles
in the U.S. to fix a programming flaw that could prevent drivers
from canceling the cruise control to slow their cars, a sign of how
glitch-prone software is taking over more safety critical
functions.
PepsiCo Buys Bare Foods, Maker of Fruit and Vegetable Snacks
PepsiCo said it is buying Bare Foods, a maker of fruit and
vegetable snacks, to expand its offerings of healthier fare.
U.S. Websites Go Dark in Europe as GDPR Data Rules Kick In
Europe's new privacy law took effect Friday, causing major U.S.
news websites to suspend access across the region as
data-protection regulators prepare to brandish their new
enforcement powers.
Harvey Weinstein Charged With Felony Sex Crimes
Former Hollywood producer Harvey Weinstein was charged in New
York state court with felony sex crimes allegedly committed against
two women.
Intel Faces Age-Discrimination Claims
The federal watchdog for equal employment is investigating
claims that Intel Corp. targeted workers for layoffs based on their
age.
Deripaska Quits Rusal Board in Hope for Sanctions Relief
Rusal said Oleg Deripaska has resigned as a non-executive
director, expanding a sweeping overhaul of the company's management
and board in an effort to escape the Trump administration's
sanctions program.
Malaysian Police Seize $28 Million in Cash Connected to 1MDB
Malaysian police said they seized the equivalent of more than
$28 million in 26 different currencies in an empty apartment
searched as part of an investigation into 1MDB, the troubled state
investment fund founded by former Prime Minister Najib Razak.
Netflix Is Now as Big as Disney
The milestone for Netflix is the latest sign that investors
remain faithful to the handful of technology and internet firms
that have powered the broader market in the past few years.
(END) Dow Jones Newswires
May 25, 2018 15:15 ET (19:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.