Canadian National Expected to Sweeten Kansas City Southern Bid

The revised proposal could include a pledge to cover the $700 million breakup fee, according to people familiar with the matter.

 
Hear.com Postpones IPO Because of Choppy Stock Market

The hearing-care services provider postponed its initial public offering over market volatility concerns, according to people familiar with the matter, the latest company to delay a planned debut.

 
Amazon Adding 75,000 Workers

Amazon.com is hiring 75,000 workers and offering $1,000 signing bonuses in some locations, the latest hiring spree in what has been a year of tremendous growth.

 
Alibaba Posts First Loss Since Going Public After Antitrust Fine

The Chinese e-commerce giant's result was hit by a record antitrust fine imposed by China's market regulator. It said it plans to invest future profits into warding off competition.

 
McDonald's Raises Pay for U.S. Restaurant Workers

McDonald's said it would increase pay for employees at company-owned restaurants in the U.S., one of the latest companies to bolster wages and benefits as they struggle to hire workers.

 
Avance Eyes Increase of Debut Fund Cap to $1 Billion

The firm began marketing its debut fund in the midst of the coronavirus pandemic and was advised to set a lower target of $500 million with an initial cap of $850 million, Mark Evans, principal investment officer at the Connecticut Retirement Plans and Trust Funds, said at the pension system's investment advisory council meeting on Wednesday.

 
Banks Plan to Issue Credit Cards to People With No Credit Scores

Some of the largest U.S. banks plan to start sharing data on customers' deposit accounts as part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow.

 
PayPal Plans to Shift Core Applications to Google Cloud

The migration is part of the digital payments company's ongoing move to host all its applications in the public cloud.

 
Yelp Ramps Up Spending on Ad Products to Boost Revenue

Yelp is expanding its advertising tools to help plumbers, movers and other service providers connect with customers online as the business-listings company looks to grow after a pandemic downturn.

 
SoftBank Pulls Back From Funding 'Nasdaq Whale'

SoftBank is pulling back from an investment unit it set up last year whose bets on publicly traded technology stocks were so large they earned the Japanese investor the nickname "Nasdaq whale."

(END) Dow Jones Newswires

May 13, 2021 15:15 ET (19:15 GMT)

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