News Highlights: Top Company News of the Day

Date : 05/24/2019 @ 12:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Broker Sales Practices to Face Limits 

Stockbrokers will soon have to disclose more about conflicts of interest that can bias investment advice under a government plan favored by Wall Street.

HP Reports Flat Revenue but Beats Wall Street Targets 

HP reported better-than-expected revenue in it latest quarter, as gains in selling personal devices offset a drop in printing-related sales.

Hewlett Packard Enterprise Boosts Outlook Despite Falling Revenue 

Hewlett Packard Enterprise raised its financial targets for the year even as sales fell in its most recent quarter.

Intuit Raises Outlook Amid TurboTax Scrutiny 

Intuit raised its profit and sales outlook for the year, citing strong results in the latest quarter despite mounting legislative scrutiny over the business practices of its TurboTax tax-preparation software unit.

Old Sears Can't Pay Its Way Out of Bankruptcy, Creditors Say 

The retailer filed for bankruptcy protection last year, sold off parts of its business, and tried to scrape together cash to pay off hundreds of millions of dollars of debts. The old Sears left behind is pushing for court approval of a chapter 11 plan, but a group of creditors said in a court filing on Wednesday that there is not enough money to cover costs from the bankruptcy process itself.

Target Looks to Acquire WPP's Retail Ad Firm 

Target is in talks to buy retail advertising firm Triad Retail Media from WPP, as the retailer seeks to boost its digital advertising business, according to people familiar with the matter

Blackstone, Prologis Separately Bid for U.S. Arm of GLP 

Blackstone Group and Prologis are vying to buy the U.S. arm of Singapore's GLP in a deal that could be worth more than $20 billion and create an industrial-warehouse giant.

Endeavor Group, Owner of UFC and Miss Universe Pageant, Files for IPO 

The company that owns the Ultimate Fighting Championship, the Miss Universe pageant and Hollywood's largest talent agency filed for an initial public offering on the NYSE.

McDonald's Workers Strike to Protest Pay and Harassment Complaints 

Hundreds of workers at McDonald's restaurants walked off the job on Thursday to protest what they described as low pay and workplace harassment.

Glencore Agricultural Boss to Retire 

The head of Glencore PLC's agricultural division is leaving the company amid turbulent grain markets and after a failed effort to take over a rival.


(END) Dow Jones Newswires

May 23, 2019 19:15 ET (23:15 GMT)

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

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