Alibaba Quarterly Profit Sinks Despite Rise in Sales

Alibaba Group's profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses. 


 
Regulators Probe Alphabet's Waymo After 22 Self-Driving Car Incidents

Federal auto-safety regulators are looking into Waymo, Google parent Alphabet's self-driving car startup, following 22 reported incidents involving the unit's automated driving system. 


 
Home Depot's sales miss estimates as spring selling season sees delayed start

Home Depot Inc.'s stock fell 0.2% early Tuesday, after the home-improvement retailer beat profit estimates for the first quarter but sales fell slightly short as the spring selling season got off to a delayed start. 


 
Anglo American Plots Breakup After Rejecting $43 Billion BHP Bid

The miner outlined a turnaround effort that sharpens its focus on copper after turning down a sweetened takeover offer. 


 
Plug Power's stock jumps 40% after long-awaited funding announcement

Plug Power delivered a long-awaited funding announcement on Tuesday morning that looked set to fuel a major stock gain. 


 
Israel's Once-Dominant Drugmaker Is Revived by Innovation

Teva Pharmaceutical's stock has nearly doubled in the past year as Wall Street gets excited about its branded portfolio. 


 
Walmart to Lay Off and Relocate Workers

The retailer is cutting hundreds of corporate jobs and asking some staff to move to large corporate hubs. 


 
Uber to Buy Delivery Hero's Taiwan Business for $950 Million

Uber will also separately purchase $300 million in newly issued ordinary shares of Delivery Hero. 


 
Sony Group Profit Jumps on Stronger Game, Movie Earnings

The Japanese entertainment and electronics company reported a fourth-quarter net profit beat. 


 
Foxconn Posts Profit Surge as It Bets on AI for Long-Term Growth

The world's largest contract electronics manufacturer backed its upbeat outlook for the year after posting a surge in first-quarter profit.


(END) Dow Jones Newswires

05-14-24 0915ET