What's News: Business & Finance -- WSJ
19 May 2018 - 5:03PM
Dow Jones News
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 19, 2018).
Mortgage rates jumped to their highest level since 2011, a shift
that could slow home price appreciation and squeeze first-time
buyers.
Campbell's CEO resigned and the company said it might sell some
brands, after a bet on fresher foods failed to revive sales.
Coinbase and another cryptocurrency firm talked to U.S.
regulators about the possibility of obtaining banking licenses.
Stocks stalled, posting weekly losses on trade and rate
concerns. The Dow edged up 1.11 point on Friday.
Deere said it would raise equipment prices to protect profits as
costs rise.
Cambridge Analytica filed for bankruptcy protection in New
York.
Mattel rejected a recent offer by MGA's Larian, the mogul behind
Bratz dolls, to merge the two firms.
Baidu's president said he would relinquish his operational
roles.
Hilton said Blackstone is exiting its investment in the hotel
operator.
(END) Dow Jones Newswires
May 19, 2018 02:48 ET (06:48 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.