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.

 
Facebook CEO Dodges Tough Questions by EU Lawmakers 
 

Mark Zuckerberg apologized to EU lawmakers over the fake-news and privacy scandals engulfing Facebook, but rebuffed suggestions that the company has outsize market power and avoided responding to many difficult questions.

 
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.

 
J.C. Penney CEO Quits to Join Lowe's 
 

Marvin Ellison is quitting his job as chief executive of struggling J.C. Penney to take over leadership of Lowe's, another retailer in need of a revamp.

 
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.

 
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.

 
U.S., China Agree on Outline to Settle ZTE Controversy 
 

The U.S. and China have agreed on the broad outline of a deal that would save imperiled Chinese telecom giant ZTE, as the two sides move closer to resolving their trade dispute.

 
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.

 
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.

 
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 19:00 ET (23:00 GMT)