News Highlights: Top Company News of the Day
May 22 2019 - 11:30PM
Dow Jones News
FAA Acting Chief Won't Predict When 737 MAX Will Return to Flight
Acting Federal Aviation Administration chief Daniel Elwell
appeared to undermine industry expectations that Boeing's grounded
737 MAX jets would be heading toward a smooth and predictable
return to the skies.
Bill Would Aid U.S. Telecom Carriers Hit by Huawei Ban
Lawmakers introduced legislation that would provide up to $700
million to help U.S. telecom carriers remove equipment purchased
from Huawei and other Chinese companies deemed a security risk.
SpaceX Rockets Were Imperiled by Contractor's Falsified Reports, Prosecutors Say
An engineer at an upstate New York company who was responsible
for ensuring the quality of parts for Elon Musk's space venture has
been charged with falsifying inspection reports.
L Brands Lifts Outlook on Strength of Bath & Body Works
Victoria's Secret owner L Brands raised its profit outlook for
the year as the retailer beat overall sales targets in the latest
quarter thanks to Bath & Body Works.
Natura to Buy Avon for $2 Billion
Natura Cosmeticos said it has reached an agreement to buy Avon
Products in an all-stock deal valued at about $2 billion.
Huawei Executive Accused by U.S. Startup of Involvement in Trade-Secrets Theft
CNEX Labs, a chip startup backed by Microsoft Corp. and Dell
Technologies, has accused a senior executive at Huawei Technologies
of participating in a conspiracy to steal its trade secrets,
according to a court filing.
PG&E Clings to Sole Control of Its Bankruptcy Through September
PG&E will stay in control of its bankruptcy proceeding until
Sept. 29, less time than it wanted, but long enough to find out
what California lawmakers will do this year about wildfire
liabilities facing the state's largest utility.
GE to Revisit Financial-Services Unit After Fixing Power Division
Larry Culp, General Electric's chief executive, plans to set his
sights on the company's problematic financial-services business
after he cuts overall debt and stabilizes its power-generation
division.
British Steel Enters Liquidation, Citing Hit From Brexit Uncertainty
The U.K. High Court placed British Steel into compulsory
liquidation after the steel maker failed to obtain last-minute
rescue funds from the government.
Deutsche Bank Finds Flaw in System That Tracks Suspicious Activity
Deutsche Bank found a glitch in computer systems that
retroactively scan corporate clients' transactions for suspicious
activity, a sign of trouble in efforts to guard against potential
money laundering by clients.
(END) Dow Jones Newswires
May 22, 2019 23:15 ET (03:15 GMT)
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