Broadcom to Buy VMware for $61 Billion 
 

The cash-and-stock deal marks the biggest bet yet that the boom in enterprise software demand will endure despite the economic tumult.

 
Dollar Stores Earnings Show Strength in Face of Inflation 
 

The discount retail chains Dollar General and Dollar Tree beat expectations for weaker quarterly sales and predicted stronger profits for the year.

 
Alibaba, Hit by Covid in China, Posts Slowest Revenue Growth Since IPO 
 

The e-commerce company posted a larger net loss compared with a year before.

 
Macy's Posts Strong Sales Growth and Raises Earnings Outlook 
 

The retailer's net sales rose nearly 13.6% to $5.35 billion in the first quarter, bucking a downshift in consumer spending at other retail companies and sending its shares higher.

 
Amazon Can't Get Out of Big Tech's Meeting Hell 
 

Shareholder proposals surge at tech giants, but Amazon makes a particularly tempting target.

 
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.

 
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.

 
Lenovo's Fourth-Quarter Profit Jumped 48% 
 

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

 
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.

 
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.

 
 

(END) Dow Jones Newswires

May 26, 2022 09:00 ET (13:00 GMT)

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