Spain's BBVA Goes Hostile in Pursuit of Smaller Banking Rival Sabadell

Its $12 billion-plus stock offer faced immediate opposition from the Spanish government. 


 
Norfolk Southern Shareholders Vote Thursday to Keep or Fire CEO

Chief Executive Alan Shaw says the proxy fight is about the future of the railroad industry. 


 
Tapestry Stock Falls After Earnings Beat. Here's Why.

The fashion company posted adjusted earnings of 81 cents a share, topping analysts' estimates for 68 cents a share 


 
Shell and Total Talk of Moving to New York. It's No Cure-All.

European energy companies are getting more serious about shifting their stocks to the U.S. in search of higher valuations. 


 
Chinese Developer Misses Bond Payments, Says State Could Help

Country Garden said a state guarantor could come to its aid after the troubled developer missed deadlines for bond payments, presenting a key test in an ongoing debt crisis in China's property sector. 


 
Apple Draws Growing Backlash Against Ad Depicting Crushed Creative Tools

The company's advertisement, shown during a virtual launch of new iPads, faced widespread criticism on social media. 


 
Nissan Expects Drop in Annual Profit

The carmaker projected a drop in fiscal-year net profit, citing heightened competition and high inflation, after it posted lower quarterly net profit. 


 
Instacart names Uber veteran its new CFO, as results top estimates

Maplebear Inc. - the grocery-delivery platform better known as Instacart - said Wednesday that its chief financial officer had resigned, effective immediately, and appointed a veteran of Uber Technologies Inc. in his place. 


 
Airbnb expects a stronger summer quarter, spurred by Olympics, but shares fall

Online vacation-rental platform Airbnb Inc. on Wednesday forecast second-quarter sales that were below Wall Street's expectations, largely due to Easter falling in March this year, but the company said big events abroad like the Summer Olympics in Paris and the Euro Cup would help sales over the summer. 


 
Intel Lowers Sales Outlook After China Chip Licenses Revoked

The chip maker kept its full-year forecast but said it expected revenue to be below the midpoint of the second-quarter range.


(END) Dow Jones Newswires

05-09-24 0915ET