Target Earnings Squeezed by Inflation, Fuel Costs 
 

Retailer posts profit trailing Wall Street forecasts as shoppers buy fewer TVs and kitchen items.

 
Elon Musk's Twitter Bot Problem Is Fake News 
 

Musk's new Twitter diligence is as questionable as the bots he wants to ban. But his gambit has shined a light on a scourge of online companies and their users.

 
Tencent Profit Halves as Revenue Hit by China's Pandemic Resurgence 
 

Tencent Holdings Ltd.'s revenue growth in the first quarter slowed to its weakest pace in nearly two decades, as China's pandemic resurgence hit the Chinese social-media and videogame behemoth.

 
Siemens Energy Mulls Buyout of Gamesa 
 

Siemens Energy said it was considering a cash tender offer for all outstanding shares of Gamesa with the aim of delisting the wind-turbine maker.

 
Cerebral Board Members Agree to Replace CEO 
 

The directors agreed on a plan to replace Chief Executive Kyle Robertson, sparking leadership tumult at the mental-health startup as it contends with scrutiny over its prescription practices for controlled substances.

 
Apple Pauses Plans for Three Days a Week in the Office 
 

The iPhone maker had been gradually increasing the number of days in the office as it rolled out its hybrid work plans.

 
U.S. Allows Chevron to Maintain Venezuela Operations but Won't Permit Drilling 
 

A license extension, which allows the oil company to negotiate future business, seeks to encourage talks between the Maduro government and the opposition.

 
JPMorgan Shareholders Reject Jamie Dimon's $50 Million Bonus 
 

Only 31% of shareholders voted in favor of the bank's compensation plan, but the vote isn't binding.

 
JD.com's Hong Kong Shares Fall as China Lockdowns Weigh on Outlook 
 

Shares of e-commerce company JD.com fell in early Asian trade after analysts cut target prices amid guidance for softer second-quarter demand, largely due to the effects of pandemic-related lockdowns in China.

 
Fortescue Founder Forrest to Retake Control of Iron-Ore Operations 
 

Fortescue Metals Group's founder Andrew Forrest will retake control of the mining group's iron-ore business when Chief Executive Elizabeth Gaines steps down in August.

(END) Dow Jones Newswires

May 18, 2022 07:15 ET (11:15 GMT)

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