What's News: Business & Finance -- WSJ

05/17/19 02:47 AM EDT

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 17, 2019).

A U.S. clampdown on exports to Chinese telecom giant Huawei could result in pain for some of Silicon Valley's biggest names.

Walmart said its sales rose in the first quarter, adding to over four years of increases as the retailer grabs market share.

U.S. companies have been buying back their own shares at a torrid pace, and market turbulence isn't likely to stop them.

Pinterest posted a wider-than-expected loss in the firm's first quarterly report following its IPO. Shares slid after hours.

Boeing has completed a software fix for its 737 MAX jets but faces FAA requests for more information.

Saudi Aramco's bonds have hit a rough patch after drawing record demand in their debut.

U.S. stocks advanced, with the Dow, S&P 500 and Nasdaq gaining 0.8%, 0.9% and 1%, respectively.

Nestlé is in talks to sell its skin-health unit to EQT and an Abu Dhabi fund for about $10.1 billion.

The EU fined five global banks a total of $1.2 billion for manipulating the foreign-exchange market.

UBiome used stock photos with testimonials about its tests, according to an examination of the images by The Wall Street Journal.

Microsoft and Sony are teaming up to work on cloud and game-streaming technologies.

 

(END) Dow Jones Newswires

May 17, 2019 02:47 ET (06:47 GMT)

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