SoftBank to Reduce Alibaba Stake, Expects $34 Billion in Gains

The Japanese tech investor has been reducing its ties to the Chinese e-commerce company and using holdings to raise cash.

 
Newell Brands Boosts Supply-Chain Investments to Cut Shipping Costs

The maker of Sharpie markers is spending about $100 million this year on a project to consolidate its distribution centers.

 
Lingerie Brand Lively Names Marketing Executive as CEO

Kristin DiCunzolo, who had been vice president of marketing at parent Wacoal America, will replace founder Michelle Cordeiro Grant, who is stepping down as chief executive.

 
Lenovo's Pandemic Boost Is Over

The personal-computer maker raked in a windfall from the pandemic. But there isn't a clear pathway to new growth as that boost fades.

 
Honda Motor's Net Profit Falls on Car Sales Drop, Higher Costs

The Japanese car maker said its first-quarter net profit fell 33% from a year earlier due to higher costs for raw materials and a drop in auto sales.

 
TUI Misses Forecasts as Travel Chaos Takes Toll

UPDATED: TUI shares tumbled after the travel company posted a surprise underlying loss, weighed by a charge related to the air traffic disruptions in Europe.

 
ABN AMRO Profit Tops Market Views

UPDATED: ABN AMRO posted an above-forecast net profit for the second quarter and said net interest income, which fell in the quarter, should end the year ahead of expectations.

 
Disney's Streaming Strategy, Theme Park Outlook Face Investor Scrutiny

As the world's largest entertainment company prepares its quarterly update, CEO Bob Chapek is also likely to weigh in on a new slate of Marvel movies and plans for Star Wars.

 
Elon Musk Sells Nearly $7 Billion Worth of Tesla Stock Amid Twitter Uncertainty

The billionaire suggested the stock sales were aimed at avoiding a fire sale if forced to buy the social-media company.

 
Walmart Explores Adding Streaming Video to Walmart+ Membership Program

The retailer has held talks with Disney, Comcast and Paramount about adding one of their services as a perk.

(END) Dow Jones Newswires

August 10, 2022 07:00 ET (11:00 GMT)

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