Baidu Posts First-Quarter Loss Despite Higher Revenue 
 

Chinese search engine giant Baidu Inc. swung to a loss in the first quarter, as fair-value losses on investments offset a rise in revenue.

 
Apple Raises Salary Budget Amid Tight Labor Market 
 

The iPhone maker told employees in an email that the company is increasing its overall compensation budget, a move that comes as it faces store unionization attempts and higher inflation.

 
Nvidia Posts Record Sales, Warns of Russia, China Hit 
 

The chip maker's data-center sales surpass its gaming sales for only the second time.

 
Musk Commits More of Wealth to Twitter Deal 
 

His funding plan now includes $33.5 billion in equity, up from $27.25 billion, amid a sharp price decline for Tesla shares.

 
Disney Ensnared in Anaheim Corruption Probe 
 

FBI affidavit says Disney and company executive were part of a "cabal" that tried to influence local politics.

 
Aramco Pursued Valvoline's Lubricants Unit 
 

Deal talks are in the early stages, with the Saudi oil giant eyeing Valvoline's global products business, according to people familiar with the matter.

 
Lenovo's Fourth-Quarter Profit Jumped 48% 
 

Lenovo Group said its fourth-quarter profit rose 48%, driven by higher revenue and disposal gains.

 
Toshiba Nominates Representatives of Elliott, Farallon to Board 
 

Toshiba Corp. is nominating seven new director candidates, including representatives of major shareholders Elliott Management Corp. and Farallon Capital Management LLC.

 
Boeing Starliner Returns to Earth After Flight to International Space Station 
 

The spacecraft is expected to land in New Mexico later Wednesday, the last leg of a test flight the company first tried to complete more than two years ago.

 
United Utilities Profit Tops Hopes Despite Hike in Costs 
 

United Utilities posted an above-forecast rise in underlying profit to GBP610 million, despite a sharp rise in finance costs, and forecast higher costs again this year.

(END) Dow Jones Newswires

May 26, 2022 07:00 ET (11:00 GMT)

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