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News Highlights : Top Company News of the Day

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05/22/2019 | 09:19am EDT
Target Posts Higher Comparable Sales, Profit 
 

Target posted an increase in comparable sales that was more than expected and reaffirmed that guidance for the fiscal year, sending shares higher in premarket trading.

 
Avon Nears Sale to Brazil's Natura Cosmeticos 
 

Avon Products is close to a sale to Brazil's Natura Cosmeticos in a deal that would mark the end of the independence of a 20th-century business icon.

 
Qualcomm Violated Antitrust Law, Federal Judge Rules 
 

Qualcomm unlawfully suppressed competition in the market for cellphone chips and used its dominant position to exact excessive licensing fees, a judge ruled in a decision that could shake up the smartphone industry.

 
Lowe's Posts Higher Profit, Trims Outlook 
 

Lowe's lowered its full-year earnings targets as the home-improvement retailer continues to work through operational challenges, such as managing costs and improving inventory. Shares fell premarket.

 
Huawei Feels U.S. Squeeze in U.K. and Japan 
 

Mobile-phone carriers in Japan and the U.K. canceled launches of Huawei models over concerns that U.S. curbs on exports to the Chinese company will adversely affect the phones' performance.

 
Wynn Resorts, MGM Resorts End Talks Over Boston-Area Casino 
 

Wynn Resorts said it was ending talks with MGM Resorts International to sell its Encore Boston Harbor property. MGM would have had to unload a property it opened in Massachusetts last year.

 
Amazon Could Deliver Bad News for Uber 
 

The e-retail giant's investment in U.K.-based Deliveroo means more competitive spending is likely on the menu.

 
Harley-Davidson Tries Revving Up Sales with Loans 
 

Harley-Davidson is using loans to reach new riders that are younger and less wealthy than the baby boomers who drove its sales in recent decades.

 
Casino Confirms HQ Raid by European Commission 
 

Casino confirmed that European Commission officials have carried out unannounced visits and seizures at the French food retailer's headquarters as part of an investigation into suspected violations of antitrust rules.

 
Medical-Testing Company Trident Faces Whistleblower Challenge 
 

Mobile medical-testing provider Trident Holding Co. is trying to emerge from bankruptcy, but it is facing the threat of continued legal trouble with the U.S. government over allegations it paid kickbacks to build its business.

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) -0.05% 4.3615 Delayed Quote.-1.60%
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