Samsung to Invest About $356 Billion Over Next Five Years

Samsung Group will invest about $356 billion over the next five years in its semiconductor and biopharmaceuticals businesses, as well as other next-generation technologies, where global competition is intensifying.

 
Snap Issues Profit Warning, Slows Hiring

Shares in the social-media company fell sharply in after-hours trading after it issued the profit warning.

 
Zoom Sales Growth Slows as Pandemic Boom Wanes

The videoconferencing company said sales rose 12% in its first quarter, the slowest growth rate on record, but it raised the profit outlook for the year.

 
Airbnb to Quit China Business Amid Lockdowns, Competition

The home-sharing company plans to shut its domestic operations in the country, but continue to serve Chinese travelers booking overseas properties.

 
Broadcom Weighs Paying $60 Billion for VMware

The chip maker is in talks to pay around $140 a share for the software company, people familiar with the matter said. The companies aim to announce the cash-and-stock deal Thursday.

 
Zuckerberg Is Sued by D.C. Attorney General

The case marks the second time Washington, D.C.'s Karl Racine has pursued legal action against the Facebook founder over practices that led to the Cambridge Analytica data breach.

 
Air France-KLM Launches Rights Issue to Repay State Aid

Air France-KLM has raised EUR2.3 billion via a capital increase, with the proceeds used to repay the bonds held by the French state and to strengthen its balance sheet.

 
Great Wall, Geely Rise on Tax-Cut Plan

Shares of several Chinese auto makers were up in early trade following reports that Beijing plans to cut taxes on some passenger vehicles in a bid to boost economic activity.

 
Pushpay Talking With Multiple Parties Amid BGH-Sixth Street Interest

Pushpay Holdings is in early-stage talks with multiple parties interested in a potential acquisition of the tithing app, but it hasn't entered into any agreement with the two investment companies cooperating on an acquisition approach.

 
China's HNA Found to Owe $185 Million Over Bankrupt Manhattan Skyscraper

The Chinese conglomerate must pay its former business partner SL Green about $185 million in a dispute over a bankrupt Manhattan skyscraper, an arbitrator said.

(END) Dow Jones Newswires

May 24, 2022 05:15 ET (09:15 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.