News Highlights: Top Company News of the Day

Date : 05/22/2019 @ 2:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Medical-Testing Company Trident Faces Whistleblower Challenge 

Mobile medical-testing provider Trident Holding Co. is trying to emerge from bankruptcy, but it is facing the threat of continued legal trouble with the U.S. government over allegations it paid kickbacks to build its business.

Mallinckrodt Stock Falls Sharply After a Warning Over Regulatory Dispute 

The drugmaker lost over one-quarter of its stock-market value after the company said a dispute with health regulators might cost it $600 million and reduce future sales for Acthar, one of its top-selling products.

Apple Changes MacBook Butterfly Keyboard After User Complaints 

After customers reported issues with three generations of its Mac laptop keyboard, Apple is changing a component material and expanding its keyboard repair program.

Former Banker Pleads Guilty in Alleged Mozambique Bribery Scheme 

A former banker at Credit Suisse Group became the first person to plead guilty in the U.S. in an alleged bribery and kickback scheme in Mozambique.

Terrible Tuesday for Department Stores 

Kohl's and J.C. Penney reported disappointing quarterly results, setting off a tumble in the department-store sector.

Huawei Accuses U.S. of Bullying as It Seeks Support From Europe 

Huawei denounced U.S. actions against the company as "bullying" and implored European governments to resist American pressure to follow suit in a bid to safeguard one of its most lucrative markets.

Wall Street Is Losing Faith in Tesla 

As Tesla's shares drop, once-bullish analysts and investors are souring on Elon Musk's company, potentially cutting it off from the capital it needs to survive.

'Stranger Things' Brings Back New Coke. Sort of. 

Coca-Cola is using one of its biggest failures as a marketing tool, bringing back New Coke for a limited time in a cross-promotion with Netflix's retro science-fiction horror series "Stranger Things."

PPG Says It Won't Break Up, Despite Pressure From Activist Investor 

PPG Industries won't split its units making building paints and industrial coatings, choosing to forge ahead as a unified company after facing pressure from an activist investor to maximize value in its disparate operations.

Boeing Official Played Down Scenario That May Have Doomed Ethiopian Jet 

Four weeks after faulty sensor data led a 737 MAX jet to crash in Indonesia last year, a Boeing executive raised and dismissed the possibility of a bird collision triggering a second disaster.


(END) Dow Jones Newswires

May 21, 2019 21:00 ET (01:00 GMT)

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

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