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News Highlights: Top Company News of the Day

05/18/2020 | 09:17am EDT
SoftBank in Talks to Sell T-Mobile Shares to Deutsche Telekom 
 

SoftBank is in talks to sell a significant portion of its T-Mobile US stake to controlling shareholder Deutsche Telekom as the Japanese technology conglomerate scrambles to raise funds.

 
Huawei Warns U.S. Chip Ban Will Damage Operations Globally 
 

The rule announced by the Commerce Department on Friday blocks foreign chip manufacturers whose operations use U.S. software and technology from shipping products to Huawei without a license.

 
Tesla's Production Restart Could Ease Path to Inclusion in S&P 500 Index 
 

A surprise second-quarter profit could qualify Elon Musk's car company for its addition to a key investor benchmark.

 
Hong Kong Opens Door for Alibaba in Index Overhaul 
 

Alibaba Group Holding and other Chinese technology companies appear set to join Hong Kong's main stock benchmark, after the compilers of the city's flagship Hang Seng index revamped their inclusion rules.

 
Ryanair Profit Rises 13% 
 

Ryanair reported a post-tax profit of EUR1 billion for the year ended Mar. 31, but said it expects to carry fewer than 80 million passengers in fiscal 2021, almost half its original target.

 
Intu in Talks with Lenders, Expects Covenant Breaches 
 

Intu said its shopping centers will remain closed, except for essential stores, until June 1, and that while talks with lenders continue, it expects to break covenants or material liquidity requirements.

 
Coronavirus Brings Beer Drinkers Back to Bud Light 
 

The coronavirus crisis has given new life to flagging mainstream beer brands while small craft brewers are hurting.

 
Grubhub Rebuffs Uber's Latest Offer as Merger Talks Continue 
 

Uber Technologies and Grubhub continued their merger discussions over the weekend, with the companies' chief executives trying to hash out the price of a deal that would reshape the meal-delivery business.

 
Apple, Google Start to Win Over Europe to Virus-Tracking Tech 
 

The continent that helped lead a backlash against Silicon Valley is increasingly aligning itself with technology built by Apple and Google to blaze a path out of the pandemic.

 
Leaders Emerge in Vaccine Race 
 

Governments and drugmakers are considering how to roll out coronavirus vaccines when they become available, including reserving the first batches for health-care workers, as several shots race to be ready in late 2020.

 
 

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -1.17% 150.61 Delayed Quote.-34.74%
ALPHABET INC. 0.44% 2826.1197 Delayed Quote.60.08%
APPLE INC. 0.28% 146.445 Delayed Quote.9.92%
AT HOME GROUP INC. -0.08% 36.99 End-of-day quote.0.00%
DEUTSCHE TELEKOM AG 0.88% 17.606 Delayed Quote.16.40%
DJ INDUSTRIAL 1.00% 34676.7 Delayed Quote.10.83%
GRUBHUB INC. -1.90% 59.89 End-of-day quote.-19.36%
HANG SENG 1.09% 24486.32 Real-time Quote.-11.05%
NASDAQ 100 0.99% 15325.059767 Real-time Quote.16.60%
NASDAQ COMP. 0.94% 15037.291088 Real-time Quote.14.42%
RYANAIR HOLDINGS PLC -1.01% 16.6 Real-time Quote.3.17%
S&P 500 0.95% 4441.1 Delayed Quote.15.92%
SOFTBANK GROUP CORP. 1.90% 6449 End-of-day quote.-19.97%
T-MOBILE US 1.74% 129.7 Delayed Quote.-5.28%
UBER TECHNOLOGIES, INC. 0.85% 45.5404 Delayed Quote.-12.02%
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