KKR to Buy Perpetual's Units for Over $1 Billion

The Australian financial company will become a stand-alone, multi-boutique asset management business with the sale of its corporate trust and wealth management divisions to KKR. 


 
HD Hyundai Marine Solution Makes Strong Debut in South Korea

Shares of the ship-repair unit of shipbuilding giant HD Hyundai surged in their trading debut in South Korea's biggest initial public offering in more than two years. 


 
Elon Musk Dispatches Tesla's 'Fireman' to China Amid Slowing Sales

Tom Zhu, one of the three executives named on Tesla's website, is returning to China as the carmaker seeks to launch Autopilot features there. 


 
Reddit shares soar on revenue beat, narrower-than-expected loss in first post-IPO results

Reddit Inc. reported its first results as a public company Tuesday, with the social-media platform reporting better-than-expected revenue and a narrower-than-expected loss for the first quarter. 


 
Rivian Stock Swings After Weak Earnings. Expect More Moves on Wednesday.

The company left its guidance for the full year unchanged. 


 
TikTok Sues to Block U.S. Ban

The Chinese-controlled app claims new federal law violates the First Amendment and unlawfully singles out the company for punishment. 


 
Teva Earnings Are Coming. What Could Keep the Stock Gains Going.

The pharmaceutical company reports before the market open Wednesday. 


 
Uber Expected to Perform Well When It Reports Earnings

Wall Street is looking for strong bookings from the ride-sharing business. 


 
Panera to Discontinue 'Charged Sips' Drinks at Center of Lawsuits

The suits allege people died after consuming the caffeinated lemonades. 


 
International Paper stock rises on report of $15 bln bid by by Brazil's Suzano

IP shares rise by nearly 6% on potential deal that would value the company at a premium


(END) Dow Jones Newswires

05-08-24 0115ET