• Sinclair Merger in Doubt As Judges Raise Issue with FCC Action
  
  Sinclair Broadcast Group's planned $3.9 billion takeover of Tribune Media may be in jeopardy after federal officials were grilled in court over rule changes that would let a single company control a vast swath of U.S. broadcasting.
• SunTrust Warns 1.5 Million Clients of Potential Data Breach
  
  SunTrust Banks Inc. said on Friday a former employee may have attempted to download some information on nearly 1.5 million clients and share it with a criminal third-party.
• Wells Fargo Fined $1 Billion Over Consumer Abuse by Auto-Loan, Mortgage Units
  
  Wells Fargo & Co. will pay $1 billion to settle U.S. probes into mistreatment of consumers, the largest sanction of a U.S. bank under President Donald Trump, as the firm tries to resolve a year and a half of scandals across its operations.
• Grocery War: Amazon's Food Sales Increased 48%
  
  Amazon.com Inc. shoppers are buying more packaged foods, pushing the e-commerce giant deeper into grocery sales.
• GE Stock Price Surges in 'Relief Rally' as Profit Tops Estimates
  
  General Electric posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher in premarket trading.
• US to Fine Wells Fargo $1 Billion for Manipulation of Auto, Mortgage Markets
  
  The New York Times and other news outlets are reporting that federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses. The potential $1 billion fine would be largest ever...
• Trump Launches Effort to Boost US Weapons Sales Abroad
  
  The Trump administration rolled out a long-awaited overhaul of U.S. arms export policy on Thursday aimed at expanding sales to allies, saying it will bolster the American defense industry and create jobs at home.
• P&G to Buy German Merck's Consumer Health Unit for $4.2 Billion
  
  Procter & Gamble has agreed to acquire Merck KGaA's consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seven Seas and greater exposure to Latin American and Asian markets.
• Walmart Is Testing Out a New Dress Code for Workers
  
  Walmart sells more blue jeans than anyone, but its in-store employees couldn't wear them while on the clock -- until now.
• Japan's Takeda Makes $61 Billion Bid for Drugmaker Shire: Sources
  
  Takeda Pharmaceutical has made a bid for Shire that values the London-listed drugmaker at around $61 billion, two sources with direct knowledge of the matter told Reuters.
• Metal Weakness in Southwest Jet Tests Engineers' Skills to Spot
  
  Metal weaknesses like the fatigue found in a jet engine that exploded during a Southwest Airlines Co. flight on Tuesday can lie hidden for years and elude detection with even the most advanced technology.
• Amazon's Bezos Says Company Topped 100 Million Prime Members
  
  Amazon.com Inc. Chief Executive Officer Jeff Bezos said the e-commerce giant has exceeded 100 million paid Prime subscribers and will continue to invest to meet "ever-rising" customer expectations.
• Time Warner CEO: AT&T Merger Needed to Compete With Internet Titans
  
  Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company's planned merger with AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.
• Bird Strike Forces Southwest Jet to Make Emergency Landing
  
  A bird strike forced a Southwest Airlines jet to make an emergency landing in Nashville, Tennessee.The airline said in a statement that the pilot of Flight 577 from Nashville to Phoenix declared an emergency after the bird strike Wednesday morning and safely landed the...
• Goldman's Blankfein Expects COO Solomon to Succeed Him
  
  Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said on Wednesday he expects Chief Operating Officer David Solomon to succeed him when he decides to leave.
• Retail Rivals Amazon and Best Buy Team Up to Sell Smart TVs
  
  Best Buy and Amazon partner up in exclusive deal to sell new TVs
• Tesla Said Aiming to Build 6,000 Model 3 Cars a Week by End of June
  
  Tesla Inc. is aiming to ramp up production to 6,000 Model 3 cars per week by the end of June to reach its weekly goal of 5,000 and allow for a margin of error, automotive news website Electrek reported
• Shire Faces Criticism on CEO Pay Policy as Crunch Week Looms
  
  Shire, the $47 billion rare disease drugmaker being stalked by Japan's Takeda Pharmaceutical, faces fresh criticism over its executive pay policy from a leading investor advisory group as a crunch week approaches.
• Southwest Airlines to Speed up Inspections After Deadly Engine Explosion
  
  Southwest Airlines will speed up inspections of all related engines out of extra caution, the airline said, after a passenger was killed when an engine on one of its planes exploded and broke apart mid-air.
• Icahn, Deason Suggest Monetizing Xerox Assets Over Fujifilm Merger
  
  Top Xerox Corp. shareholders Carl Icahn and Darwin Deason on Tuesday suggested alternatives to the printer maker's proposed merger with Japan's Fujifilm, including a plan for the U.S. company to monetize some assets.
• Starbucks to Close 8,000 Stores for Racial-Sensitivity Training
  
  Starbucks will close 8,000 company-owned U.S. cafes for the afternoon on May 29 to train nearly 175,000 on how to prevent racial discrimination in its stores.
• J&J Raises Sales Forecast on Strong Demand for Cancer Drugs
  
  Johnson & Johnson reported a better-than-expected first-quarter profit on Tuesday and raised its full-year sales forecast, helped by strong demand for its cancer treatments.
• Walmart Spruces Up Website in Bid to Capture Traffic From Amazon
  
  Retailer wants to lure online shoppers who often spend more; Website to feature new fonts, colors and lifestyle imagery
• Tesla Idling Model 3 Shows Musk Unable to Make On-the-Fly Fixes
  
  Tesla Inc. is temporarily suspending production of the Model 3 sedan for at least the second time in roughly two months, just after Elon Musk admitted to mistakes that hindered his most important car.
• CNBC: Amazon Shelves Plans to Sell, Distribute Drugs to Hospitals
  
  Amazon.com Inc has shelved plans to sell and distribute pharmaceutical products to hospitals, CNBC reported on Monday, citing sources familiar with the matter.

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