What's News: Business & Finance -- WSJ

Date : 05/21/2019 @ 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 21, 2019).

FCC chief Pai said he would back the combination of T-Mobile US and Sprint after the two cellphone carriers agreed to a package of concessions.

U.S. officials said they would grant a handful of temporary exceptions to an export blacklist against Chinese telecom giant Huawei.

Tech shares skidded, weighing on the broader market, after some businesses moved to comply with restrictions on Huawei.

The SEC collected just 55% of the enforcement fines levied in securities cases over a recent five-year period.

Ford said it is cutting about 10% of its salaried workforce, part of a plan to reverse profit declines and catch up to competitors.

Tesla shares touched their lowest level in more than two years. Prices on the firm's bonds also slumped.

GM plans to wind down its Maven car-sharing service in eight of its 17 North American cities.

Fed chief Powell said regulators must take seriously the potential dangers posed by rising business debt.

American Airlines is suing two unions representing its mechanics in an effort to end an alleged work slowdown.

Toshiba Memory will buy out its preferred shares held by Apple, Dell and two other U.S. tech firms.

"Game of Thrones" set an HBO ratings record, as 19.3 million tuned in to the final episode in the U.S.

 

(END) Dow Jones Newswires

May 21, 2019 02:47 ET (06:47 GMT)

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


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