Legg Mason Reaches Deal With Hedge Fund Trian
Legg Mason confirmed that it reached an agreement with Trian Fund Management on the composition of its board, naming Nelson Peltz and Ed Garden as directors.
Google Bans Huawei Phones From Some Android Services
Huawei has begun to feel the effects of U.S. moves to curb its access to U.S. technology as Google cut access to some Android services on Huawei smartphones.
Court Rules Judge, Not Jury, Should Decide Merck Fosamax Case
Merck & Co. won a partial victory at the Supreme Court, which ruled that a judge, rather than a jury, must decide whether regulators took steps that immunize the company from claims its osteoporosis drug injured patients.
Snap Finishes Overhaul of Leadership Team
Snap promoted two executives internally to run its finance and personnel units, respectively, completing Chief Executive Officer Evan Spiegel's remaking of the leadership team after a series of recent departures.
Ascena's Dressbarn to Shut Down
Ascena Retail Group Inc. plans to wind down its Dressbarn retail operations, resulting in the closure of about 660 stores, the company said Monday.
GM Scales Back Maven Car-Sharing Business
General Motors Co.'s Maven car-sharing service will wind down service in eight of the 17 North American cities it currently operates in within the next few months, a GM spokeswoman said.
'Game of Thrones' Finale Sets HBO Ratings Record
"Game of Thrones" set an HBO ratings record Sunday night as 19.3 million viewers tuned in to watch the epic's final episode in the U.S.
American Airlines Sues Mechanics Unions
American Airlines said Monday that it is suing two unions representing its mechanics in an effort to end an alleged work slowdown.
Tesla Stock Hits Lowest Level Since 2016
Tesla's stock dropped as much as 7% Monday, highlighting challenges for the electric car maker including its balance sheet and Model 3 vehicle demand.
T-Mobile, Sprint Get Merger Backing From FCC Chairman
FCC Chairman Ajit Pai said he would back the more than $26 billion combination of cellphone carriers T-Mobile US and Sprint after the companies agreed to a package of concessions.
(END) Dow Jones Newswires
May 20, 2019 19:15 ET (23:15 GMT)
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