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News Highlights: Top Company News of the Day

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05/14/2019 | 09:16am EDT
Ghosn Got $20 Million From a Saudi Friend, Prosecutors Say 

Tokyo prosecutors amended one of their indictments against Carlos Ghosn, alleging that he received $20 million from a Saudi Arabian businessman.

Uber, Lyft Get Creative, but Investors Aren't Blind to Losses 

Uber, Lyft and other big startups have touted their new business models that disrupt old industries but lose historic amounts of money. To try to win over investors, they have also come up with unusual alternatives for measuring their performance. So far, investors aren't buying it.

Foxconn Profit Falls as iPhone Sales Flag 

Foxconn Technology Group's profit fell nearly 18% in the first quarter after its biggest customer, Apple, reported an accelerated decline in sales of the iPhone.

Bayer Shares Fall After $2 Billion Roundup Verdict 

Bayer shares resumed their monthslong fall after the company was hit by a more-than $2 billion jury award over its Roundup herbicide, marking a sharp escalation in the chemical and drug giant's legal woes.

Bankers Find New Reasons to Keep Lending to SoftBank 

Bankers also say they are eager to lend because changes SoftBank's corporate structure mean banks and credit-rating firms can view it as an investment holding company rather than as a mobile-phone operator.

Ralph Lauren 4Q Profit Drops on Higher Tax Expense 

The retailer's profit dropped to $31.6 million, or 39 cents a share, from with $41.3 million, or 50 cents a share, a year ago.

Whirlpool Makes the Case for Tariffs 

The company's CEO also discusses keeping factories in the U.S., the importance of online reviews and internet-connected devices.

Nike's Strategy to Get a Lot More Personal With Its Customers 

The company is also using its apps to create a different kind of shopping experience.

Walmart Expands Next-Day Delivery 

Walmart will offer free next-day delivery to more U.S. homes, seeking to boost shipping speeds after rival Amazon.com said it plans to invest $800 million to expand one-day delivery.

In Latest Roundup Defeat for Bayer, Jury Awards Couple $2 Billion 

Bayer faced a significant courtroom defeat from a lawsuit alleging Roundup weedkiller led to cancer, with a California jury awarding a couple $2.055 billion in damages.

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.48% 236.41 Delayed Quote.49.16%
BAYER AG -1.11% 65.24 Delayed Quote.7.73%
MITSUBISHI MOTORS CORPORATION -0.61% 490 End-of-day quote.-14.34%
NISSAN MOTOR CO., LTD. 0.61% 689.3 End-of-day quote.-19.48%
RALPH LAUREN CORPORATION -0.12% 94.97 Delayed Quote.-8.21%
RENAULT -11.48% 48.56 Real-time Quote.-10.98%
SOFTBANK GROUP CORP. 0.09% 4299 End-of-day quote.-38.63%
WALMART INC. -0.58% 119.14 Delayed Quote.28.65%
WHIRLPOOL 0.56% 161.06 Delayed Quote.49.87%
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