News Highlights: Top Company News of the Day
May 22 2018 - 9:30PM
Dow Jones News
Univision Taps Vincent Sadusky as CEO, Succeeding Randy Falco
Univision Communications Inc. has tapped media veteran Vincent
Sadusky as chief executive, succeeding Randy Falco at the troubled
Spanish-language broadcaster, according to people familiar with the
matter.
Amazon's Facial Recognition Fans Big Brother Fears
Dozens of civil-rights organizations called on Amazon.com to
stop selling its facial-recognition technology to law-enforcement
organizations.
Kushner Cos. and LNR Negotiating Debt on Manhattan Skyscraper
The debt on 666 Fifth Ave. has moved to center stage as Kushner
and Brookfield work to complete their deal for the 39-story
Manhattan building.
HP Enterprise Raises Annual Forecast on Strong Quarterly Results
Hewlett Packard Enterprise reported second-quarter results swung
to a profit of $778 million, or 34 adjusted cents a share, on
revenue of $7.47 billion. Shares rose less than 1% late as adjusted
profit beat expectations.
Intuit Sees Revenue Growth, Higher Profit
Intuit reported third-quarter adjusted earnings of $4.82 a
share, beating the $4.68 a share analysts were looking for. Shares
fell 1% late as adjusted earnings guidance for the fourth quarter
came in below estimates.
Airbus, EU Say Plane Subsidies Are Over; U.S. Disagrees
A massive airplane subsidy dispute between the U.S. and European
Union escalated on Tuesday after SE said that it took steps with
France, Germany, Spain and the U.K., to satisfy World Trade
Organization demands, but the move didn't satisfy Washington.
U.S. Banks Reported Record First-Quarter Profit
U.S. banks notched record quarterly profit to start 2018, a
result of the new tax law, rising interest rates and an improving
economy. But there may be signs of trouble in credit-card
lending.
Toll Brothers Shares Slide, Hurt by Weak Results
Shares of high-end home builder Toll Brothers fell 10% after the
company reported lower-than-expected profit margins for its most
recent quarter.
PetSmart Names New CEO as Retailer Grapples With Retail Disruption
PetSmart Inc. has named J.K. Symancyk as its new chief executive
as the specialty pet retailer looks to stem a decline in sales at
its 1,600 stores.
Former Valeant Exec Found Guilty on Charges Related to Kickback Scheme
A Manhattan federal jury found a former Valeant executive guilty
of charges that he defrauded the pharmaceutical giant through a
multimillion-dollar kickback scheme.
(END) Dow Jones Newswires
May 22, 2018 21:15 ET (01:15 GMT)
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