What's News: Business & Finance -- WSJ

Date : 05/16/2019 @ 8:02AM
Source : Dow Jones News

What's News: Business & Finance -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 16, 2019).

California investigators found that PG&E's equipment sparked the deadliest wildfire in state history, adding to pressure on the beleaguered utility.

WeWork posted a $264 million loss on strong revenue growth, and its chief aimed to distance the startup from firms such as Uber and Lyft as it heads toward an IPO.

Microsoft warned that a Windows bug it has now patched could be used by a cyber weapon similar to the WannaCry worm.

Gannett is poised to retain control of its entire board in a proxy fight with Digital First Media.

T. Rowe Price sold roughly 81% of its shares of Tesla over the first three months of the year.

The U.S. economy got off to a sluggish start in the second quarter, with consumers and manufacturers pulling back in April.

Cisco's results beat targets, and the firm said it sees little effect from higher tariffs in the U.S.-China dispute.

U.S. stocks rose for a second straight session. The S&P 500 and the Dow added 0.6% and 0.5%, respectively.

ICE is set to blunt the advantages of ultrafast traders by imposing a delay on some futures trades.

Macy's posted same-store sales that exceeded expectations for the retailer.

Jeff Koons's sculpture "Rabbit" sold at Christie's for $91 million, a record for a living artist at auction.


(END) Dow Jones Newswires

May 16, 2019 02:47 ET (06:47 GMT)

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

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