Walmart Goes Off Script at Annual Meeting

Executives at Walmart's annual shareholder meeting weighed in on topics ranging from race relations and the pandemic to out-of-stock products and the demand for puzzles.

 
FedEx Adds New Delivery Fees to Manage Strain From Coronavirus

The delivery giant plans to impose surcharges on merchants with too many shipments and oversize packages, following a similar move by rival UPS.

 
Auto-Parts Supplier APC Files for Bankruptcy

APC Automotive Technologies, a car-parts supplier founded in 1927, has filed for bankruptcy with plans to hand ownership to lenders including Apollo Global Management.

 
Snap Says It Won't Promote Trump's Snapchat Account

Social-media company Snap said it will no longer promote the Snapchat account of President Trump on its home page after finding that his public remarks could incite racial violence, a spokeswoman said.

 
Wall Street Firm Will Pay Junior Bankers Not to Work

Evercore Partners is offering to pay incoming junior bankers up to $25,000 to delay starting their jobs during the coronavirus pandemic.

 
Quibi Asks Senior Executives to Take 10% Pay Cut

Quibi has asked senior executives to take a 10% salary cut as the short-form streaming video service explores ways to rein in costs after a disappointing debut.

 
Lyft's Investors Shouldn't Be Flooring It

The ride-hailing company's shares have made up a chunk of their pandemic losses with much uncertainty remaining.

 
Seadrill Says Another Bankruptcy Is an Option in Debt Talks

The offshore contract driller has hired legal and financial advisers for talks with senior creditors on restructuring its $7.5 billion debt load that could lead the company to make its second trip to bankruptcy court in less than three years.

 
Chicken Industry Executives Indicted on Price-Fixing Charges

The CEO of one of the country's biggest chicken producers and three other industry executives were indicted for allegedly conspiring to fix prices on chickens sold to restaurants and grocery stores, the Justice Department's first charges in a continuing criminal antitrust probe.

 
HSBC Throws Support Behind China on Hong Kong Security Law

A top HSBC executive signed a petition supporting China's move to impose security legislation on Hong Kong, putting the bank squarely on the side of Beijing in the fight over the future of the territory.

(END) Dow Jones Newswires

June 03, 2020 21:15 ET (01:15 GMT)

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