Walmart Sales Rise at Slower Rate as Pandemic Wanes

The retail giant said comparable sales rose 6% in the spring quarter compared with the same period last year. U.S. e-commerce sales rose 37%, the slowest online growth since the coronavirus outbreak.

 
Home Depot Sales Surge, Extending Growth During Pandemic

The home-improvement retailer's same-store sales rose 31% in latest quarter as growth in demand that began with the coronavirus pandemic continued into 2021.

 
Amazon Reportedly in Talks to Buy MGM Movie Studio

The industry's consolidation is accelerating in the wake of pandemic-induced changes in consumer behavior.

 
CVS Appoints Former Aetna Executive as CFO

CVS Health Corp. named the former finance chief of Aetna to lead its finances as the pharmacy chain works to administer millions of doses of Covid-19 vaccines.

 
Jeep Maker Stellantis Teams Up With Foxconn on In-Car Software

The world's third-largest car company by sales said a new 50-50 joint venture with iPhone assembler Foxconn would focus on technology used in vehicle dashboard systems and other connected services.

 
Duke Energy Shake-Up Idea May Be Too New, Too Late

Duke Energy's shares barely moved after activist investor Elliott Management unveiled a letter seeking changes at the utility giant.

 
AT&T's Hollywood Ending Erased Billions in Value

The telecommunications giant is giving up its dreams of marrying content and distribution-one of the biggest about-faces in corporate deal history. Company plans to spin off HBO, CNN, Warner Bros. studio and other assets.

 
VideoAmp Taps Former Trade Desk Finance Chief, Raises $75 Million

Advertising-technology company VideoAmp has raised $75 million and tapped a new finance chief, a sign the company is ramping up its expansion efforts in the fast-changing industry.

 
Pinterest Vows to Add More Female Executives, Workers of Color

Pinterest has set new targets for increasing the number of women in leadership and improving racial and ethnic diversity throughout its workforce, a move that comes after the social-media company was roiled last year by claims of discrimination.

 
Kodak Says New York Attorney General Has Threatened Lawsuit

The company said the New York attorney general has threatened to sue the company and its CEO over a series of stock purchases made by the executive ahead of a planned $765 million deal with the U.S. government.

(END) Dow Jones Newswires

May 18, 2021 09:15 ET (13:15 GMT)

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