News Highlights: Top Company News of the Day
May 19 2022 - 11:30AM
Dow Jones News
GOP-Led Legislation Would Force Breakup of Google's Ad Business
The bill, which has some Democratic support, takes aim at
conflicts of interest in the advertising technology industry.
Ford Recalls 39,000 Large SUVs Over Fire Risk
Ford said the recall campaign covers 2021 Ford Expedition and
Lincoln Navigator SUVs built between late 2020 and early 2021, and
it advised owners to park affected models outside and away from
structures.
Harley-Davidson Suspends Most Assembly, Shipments Over Supplier Matter
Shares fall after the motorcycle company says a two-week halt
follows notification from a supplier.
Kohl's First-Quarter Sales Fell as Retailers Struggle With Inflation
Kohl's reported a 5.2% drop in first-quarter sales, the latest
major retailer to struggle as inflation saps consumer spending
power and raises costs for doing business.
McDonald's to Sell Russian Business to Licensee
The fast-food giant said existing licensee Alexander Govor will
acquire McDonald's entire restaurant portfolio in Russia and
operate the restaurants under a new brand.
Spirit Airlines Urges Shareholders to Reject JetBlue Offer
The budget carrier's board is urging shareholders to instead
vote for a tie-up with Frontier over concerns that a deal with
JetBlue would be blocked by antitrust regulators.
BJ's Stock is Higher After Earnings. Gasoline Sales Helped Revenue Beat Expectations.
Total comparable club sales for the food retailer increased by
14.4% in the first quarter compared with the same period last
year.
Boeing Gets Boost With Long-Awaited 737 MAX Deal From British Airways Owner
The plane maker won a key order for 737 MAX aircraft from IAG,
in a boost after losing a series of sales from longtime customers
to rival Airbus.
Fintech Giant Klarna Looks for New Funds at Lower Valuation
The SoftBank-backed buy-now-pay-later startup, valued last year
at $46 billion, could see its valuation fall by one-third in a
tough environment for technology companies.
EDF Cuts Output Estimates, Takes Profit Hit
EDF said it expects an earnings hit of around EUR18.5 billion
this year after t lowered its nuclear output estimates due to
inspections for stress corrosion at some of its reactors.
(END) Dow Jones Newswires
May 19, 2022 11:15 ET (15:15 GMT)
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