Microsoft to Invest Over $3 Billion to Build AI in Wisconsin

The company has been on a global spending spree, trying to build infrastructure and goodwill for artificial intelligence. 


 
To Survive in China, Global Automakers Tap Local Tech Giants

A host of global automakers are increasingly turning to Chinese tech giants in a bid to claw back market share in one of the world's largest-and fastest-changing-auto markets. 


 
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. 


 
Companies Are Balking at the High Costs of Running Electric Trucks

A Ryder analysis shows operating expenses of low-emissions rigs are far higher than those for diesel trucks. 


 
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. 


 
AB InBev Profits Rise on Inline Sales Growth

Anheuser-Busch InBev reported a rise in first-quarter underlying profits as organic revenue grew 2.6% and as volumes dropped by less than expected. 


 
BP Is Ready to Make Acquisitions. Why It's Looking Beyond Oil.

With prices of clean-energy companies in the doldrums, the British energy giant sees opportunity. 


 
Toyota Motor Projects Annual Profit Drop

The Japanese carmaker projected a drop in fiscal-year profit on higher costs and announced a share buyback after posting stronger fourth-quarter net profit thanks partly to a weaker yen. 


 
HD Hyundai Marine Makes Strong Debut

The company's shares nearly doubled in their trading debut after it raised more than $540 million in South Korea's biggest initial public offering in more than two years. 


 
Siemens Energy Lifts Guidance, Targets Gamesea Revamp

The company forecast revenue growth of 10%-12% and a free cash-flow of around EUR1 billion, and said it had initiated a restructuring of its wind business, replacing the unit's CEO in the process.


(END) Dow Jones Newswires

05-08-24 0715ET