News Highlights: Top Company News of the Day
May 15 2019 - 5:30PM
Dow Jones News
Trump Telecom Ban Takes Aim at China, Huawei
President Trump signed an executive order that allows the U.S.
to ban telecommunications network gear and services from foreign
adversaries, in a measure widely believed to be aimed at China and
telecom companies including Huawei Technologies and ZTE.
Cisco's Revenue Rises as Investors Weigh Possible Tariff Effects
Networking giant Cisco Systems reported quarterly results that
beat Wall Street targets despite higher tariffs from a U.S.-China
trade clash.
Regulator Vows Scrutiny of Next Wells Fargo Chief Executive
Comptroller of the Currency Joseph Otting told lawmakers
Wednesday his agency will vet the lender's next chief
executive.
WNBA Hires Deloitte CEO as Commissioner
Cathy Engelbert, the first woman to lead one of the Big Four
U.S. accounting firms, will take the WNBA job ahead of labor talks
that could financially reshape the U.S. women's professional
basketball league.
Alibaba, Tencent Post Robust Results
China's two biggest internet companies are continuing to boom,
even as the Chinese economy slows, but Tencent and Alibaba are
looking to new businesses to sustain their staggering growth.
U.S. Poised to Let Phone Companies Block Robocalls
Responding to widespread consumer complaints, the FCC says it
will take steps to give phone companies permission to block
unwanted robocalls.
American Express Buys Restaurant-Reservation Platform Resy
American Express has agreed to buy a company that helps
customers reserve tables at high-end bars and restaurants, the
latest effort in its push to link cardholders with perks-offering
partners.
Alibaba Posts Higher Sales, Forecasts Slowing Growth
Chinese online-retailing giant Alibaba posted a 51% increase in
sales for both the fourth quarter and fiscal year ended March 31,
but forecast only a 33% revenue jump for the next year, in one of
the first signs of slowing growth.
WeWork to Buy CEO's Properties That Spurred Conflict Concerns
Chief Executive Adam Neumann plans to sell the properties he
owns and leases to the office-space company, a move to eliminate a
potential conflict of interest ahead of an expected initial public
offering.
Cloud Over Xilinx Should Dissipate
The chip maker is likely to be one of the few bright spots in a
rough semiconductor market this year.
(END) Dow Jones Newswires
May 15, 2019 17:15 ET (21:15 GMT)
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