Enfamil Maker Shops Baby-Formula Unit Amid Shortage

Reckitt Benckiser is pushing ahead with a multibillion-dollar sale of its infant-formula business as severe shortages scramble the key U.S. market.

 
Coinbase Leaders Net $1.2 Billion in Share Sales

The haul taken by two co-founders and two executives contrasts with the sharp decline in the shares since they became available to the public last year.

 
'Top Gun: Maverick' Loses Chinese Investor

Tencent Holdings pulled out of financing the film over concerns that Chinese officials would be angry about its affiliation with a movie celebrating the American military.

 
Uber and Lyft's New Road: Fewer Drivers, Thrifty Riders and Jittery Investors

Uber and Lyft are recalibrating to a new reality: Investors are increasing the pressure to rein in hefty losses, riders are taking fewer trips as fares rise and drivers are still in short supply.

 
WeWork Names Third CFO in Less Than Three Years

The co-working space operator is still recovering from the pandemic.

 
Alibaba's Earnings Beat Expectations, But a Tougher Quarter Begins

Alibaba Group Holding Ltd.'s fresh earnings beat offered some relief to the beleaguered company's investors, but mounting pressures in the new quarter will make that performance hard to repeat, analysts say.

 
Broadcom Deal for VMware Highlights the Rise of Virtualization

The $61 billion acquisition of VMware reflects growing demand for software applications that replace expensive computer hardware.

 
Microsoft Slows Some Hiring Amid Economic Uncertainty

The software company is the latest tech giant to become more cautious about hiring.

 
Old Navy to Scale Back Its Inclusive Sizing Strategy

The chain said it is scaling back an attempt to make women's clothes more inclusive for all body types, after demand for the larger sizes fell short and the chain didn't have enough middle sizes.

 
Glencore Said It Revamped Its Compliance Program Following Guilty Pleas

The Anglo-Swiss commodities company published a 13-page investor update about its ethics and compliance program, which coincided with settlements it reached with various regulators.

(END) Dow Jones Newswires

May 27, 2022 09:15 ET (13:15 GMT)

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