Gerber Owner Nestlé to Fly Extra Baby Formula to the U.S.

Following supply shortages, Nestlé said it has significantly increased the amount of formula available by ramping up production. It said it has given priority to the two brands it is flying in-Gerber Good Start Extensive HA and Alfamino.

 
Walmart Earnings Dented by Higher Costs

The country's largest retailer by revenue reported stronger sales in the first quarter but said that higher costs ate into its profits.

 
Elon Musk Demands Clarity on Twitter Fake Accounts for Deal to Move Forward

The Tesla CEO said his $44 billion deal can't move forward until the company is clearer about how many of its accounts are fake.

 
Home Depot Raises Outlook as Fewer Customers Spend More

The home-improvement chain said that the average amount spent per transaction rose 11.4% while the number of transactions declined 8.2% in the first quarter, as inflation continues to lift prices across its stores.

 
Goldman Opens Up Its Vacation Rules for Senior Managers

One of Wall Street's best-known and most hard-charging banks is offering some employees an uncapped amount of vacation days.

 
Disney Vows to Show Very Few Commercials on Ad-Supported Disney+

The total ad load is to be limited to four minutes an hour, and preschool children who use their own profile to watch the ad-supported Disney+ won't see any ads.

 
India's LIC Falls on Trading Debut After Landmark IPO

India's biggest life insurer stumbled on its trading debut after leaning on small investors to help it push through a record $2.7 billion IPO despite global market turbulence.

 
Tech Giants Want to Own Your Summer Vacation

Airbnb and Uber have reassured investors they have ample supply to manage summer demand. A lot is riding on new-product announcements.

 
Petronas Chemicals Buys Perstorp in Bid to Diversify Into Specialty Chemicals

Petronas Chemicals Group Bhd. proposed to buy Sweden specialty chemical company Perstorp Holding AB in a bid to diversify existing businesses and capture new growth opportunities.

 
Carlyle's $4.2 Billion ManTech Deal Shows Private Equity's Defense Appetite

Carlyle Group's acquisition of software company ManTech International suggests that private equity might be getting more bullish on defense and national-security contractors, research analysts said.

(END) Dow Jones Newswires

May 17, 2022 09:15 ET (13:15 GMT)

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