News Highlights: Top Company News of the Day
May 24 2019 - 5:15PM
Dow Jones News
MAX's Return to Flight Delayed by FAA's Reevaluation of Safety Procedures for Older 737 Models
A review of Boeing Co.'s 737 MAX jets has expanded to include
emergency procedures used by pilots on earlier 737 models, further
delaying the MAX's return to service, according to U.S. government
officials.
Facebook Privacy Settlement Delayed by FTC Split
A long-awaited multibillion-dollar settlement between Facebook
and federal regulators over privacy missteps has been bogged down
by a split between Republicans and Democrats on the Federal Trade
Commission.
Loeb's Hedge Fund Wants Centene to Consider Selling Itself
Daniel Loeb's Third Point has built a stake in Centene and wants
the health insurer to consider selling itself before spending $15.3
billion to purchase WellCare Health Plans.
Maersk Says Trade Tensions Hitting Shipping Demand
The Danish shipping giant swung to a first-quarter loss and
warned that rising trade tensions between the U.S. and China could
cut container growth by up to a third this year.
Foot Locker's 1Q Profit Rises on Lower Costs, Expenses
Foot Locker's profit rose to $172 million in the first quarter,
although sales came in weaker than analysts had expected.
Snapchat Looks to Let Users Add Music to Posts
Snap is in talks with major record labels to expand the ways
users can include music in posts on its flagship Snapchat app, as
the company faces competitive pressure from Facebook and
TikTok.
Nestlé Focuses on Factories, Procurement to Hit Cost-Cutting Goal
Nestlé has achieved about half of the cost savings it hopes to
implement by 2020 in a cost-cutting effort focused on boosting
efficiency and centralizing procurement.
MiMedx Injectables Don't Meet Regulatory Standards Despite Claim to FDA
The biomedical company's injectable wound-care products don't
meet regulatory standards more than two years after MiMedx told the
Food and Drug Administration it complied with requirements.
Who Needs Google's Android? Huawei Trademarks Its Own Smartphone OS
Huawei is pinning its hopes on a self-designed operating system
to replace Google's Android following a U.S. blacklisting. The
question is: Can it succeed where others have failed?
DoorDash Venture Capitalists Send Dough to Wrong Address
Domino's Pizza has a world-wide network of food distributors
with access to the coveted last mile and a lower valuation.
(END) Dow Jones Newswires
May 24, 2019 17:00 ET (21:00 GMT)
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