News Highlights: Top Company News of the Day

Date : 05/16/2019 @ 2:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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, taking aim at Chinese telecom companies Huawei and ZTE and dialing up security and trade tensions.

 
Trump Administration Delays Decision on Car Tariffs 
 

The Trump administration has put off a final decision on whether to impose broad tariffs on automobile and auto-part imports for about six months, two administration officials said.

 
California Governor Pushes to Limit PG&E's Bankruptcy Extension 
 

Gov. Gavin Newsom is asking a bankruptcy judge to cap the amount of time PG&E is allotted to steer a course out of bankruptcy without worrying about rival restructuring proposals.

 
PG&E Caused Fire That Killed 85, California Concludes 
 

State investigators said they found that PG&E's equipment sparked the deadliest wildfire in California history, putting additional pressure on a company already facing billions of dollars in potential liability costs.

 
As WeWork's Losses Mount, It Aims to Distance Itself From Uber 
 

As WeWork heads toward an initial public offering, its ebullient chief executive believes it shouldn't be lumped in the same category as massively money-losing companies like Uber and Lyft.

 
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 says he remains disappointed with the bank and that his office will vet its next CEO.

 
North Carolina Accuses Juul of Targeting Teens in Lawsuit 
 

North Carolina officials are suing Juul Labs, accusing the e-cigarette maker of targeting teenagers and misrepresenting the strength and health risks from the nicotine in its products.

 
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.

 
 

(END) Dow Jones Newswires

May 15, 2019 21:15 ET (01:15 GMT)

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