McDonald's Shareholders Vote Down Icahn's Activist Board Slate

Activist investor Carl Icahn aimed to change the way the fast food giant's pork suppliers treat hogs, but his two director nominees were voted down.

 
Nvidia Only a Bit Off Its Game

The chip company's revenue forecast for the current quarter was about 4% below Wall Street's targets, a notable miss for a company usually above the consensus view.

 
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.

 
Oil Giants to Be Hit by Windfall Tax in U.K.

The U.K. said it would impose a temporary levy on oil and gas producers to help soften the pain of soaring energy prices on consumers, a rare so-called windfall tax aimed at blunting a worsening cost-of-living crisis.

 
Retailers Get Lift From Resilient Shoppers

Macy's and Dollar Tree reported strong sales that bucked broader trends among retailers, but they warned of signs that inflation is changing consumer behavior.

 
Dollar General, Dollar Tree Earnings Show Strength in Face of Inflation

The two discount retail chains 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 Chinese e-commerce giant posted its slowest revenue growth since 2014.

 
Proposed New Rules Aimed at Curbing Meatpackers' Power

As part of a broader push to tackle consolidation in the meatpacking industry, the USDA is proposing new rules requiring poultry companies to be more transparent about how farmers are paid.

 
Macy's Posts Strong Sales Growth and Raises Earnings Outlook

The retailer's net sales rose nearly 14% 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.

(END) Dow Jones Newswires

May 26, 2022 15:15 ET (19:15 GMT)

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