News Highlights: Top Company News of the Day

Date : 05/20/2019 @ 10:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Google Cuts Off Huawei From Some Smartphone Services 

Google is halting some services for smartphones made by Huawei, a sign that the U.S. decision to deny the Chinese tech giant access to U.S. technology will bite into its booming consumer-device business.

Ryanair: Boeing 737 MAX Grounding Will Hurt Profit 

Ryanair, Europe's largest budget airline and the region's largest customer for Boeing's 737 MAX jets, warned that its profit for this year would be dented by the plane's global grounding.

Bayer's Roundup Problem Sends Shares Spiraling Down 

Investors are worried that Bayer's liabilities from Monsanto's allegedly carcinogenic weedkiller Roundup are only going to rise, pushing shares into a downward spiral.

BlackRock, Other Big Investors Spoil Uber's Coming-Out Party 

Uber Technologies grew to be the nation's most valuable startup thanks to support from some of the biggest investors around, but that support became a liability when the ride-hailing giant made its stock-market debut.

AI Chip Boom Lifts, Tests Nvidia 

Nvidia is facing new threats to its market dominance in chips built for artificial intelligence as rivals enter the race to power everything from customer-service chatbots to robotic lawn mowers.

Fiat Chrysler's Ram Is Gaining on Pickups From GM and Ford 

Fiat Chrysler's Ram pickup trucks are closing the market-share gap with rivals by offering aggressive rebates and interiors like those of a luxury SUV, analysts and buyers say.

Nike to Change Pregnancy Policy in Athlete Contracts 

Nike said it is adding language to new contracts for female athletes that will protect their pay during pregnancy, after coming under fire for cutting compensation for some athletes.

Big Companies Tightened Spending as Trade Fears Intensified 

Spending on factories, equipment and other capital goods slowed in the first quarter among a broad cross-section of large, U.S.-listed firms, bolstering investor concerns that a key driver of economic growth is fading.

Not Even Apple Can Clean Up the Mess of Streaming TV 

Apple has built a hub for all your content, no matter where it comes from or which app you use to watch it. It's a very good idea, but the execution only serves to show how confusing and broken the TV landscape is.

Joint Venture Plans to Revive Rare-Earths Processing in U.S. 

American chemicals company Blue Line and Australian miner Lynas are seeking to shore up supplies of important commodities caught up in the U.S.-China trade conflict.


(END) Dow Jones Newswires

May 20, 2019 05:15 ET (09:15 GMT)

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

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