Elon Musk Says Twitter Deal Is 'On Hold' 
 

Elon Musk said his deal to buy Twitter was "on hold," raising questions about the takeover and sending shares of the messaging service lower.

 
Head of Wells Fargo Advisors to Step Down 
 

To oversee the business, the bank will turn to a relative newcomer to Wells Fargo: Sol Gindi, who joined the company in 2020.

 
Activist Investor Seeks Ryder Buyout in $4.4 Billion Deal 
 

Activist investor HG Vora Capital Management is offering to acquire Ryder System in a $4.4 billion deal that would take the fleet management and supply-chain operator private.

 
United Airlines Reaches Preliminary Deal with Pilots Union 
 

The airline is the first major carrier to get a tentative agreement, but union leadership and members still have to approve the deal.

 
Crypto's Merry Band Comes Back To Robinhood 
 

The investment in Robinhood by FTX founder Sam Bankman-Fried may be a bullish signal for crypto believers, but Robinhood still faces a long road ahead.

 
Facebook, Twitter Are Pulling Back on Hiring-Will Others Follow? 
 

Facebook, Twitter and some of America's fastest-growing tech companies are signaling their hiring spree is over. What does it mean about the direction of the U.S. job market?

 
Toshiba Shareholder Payday Still Has One More Hurdle: Tokyo 
 

After years of delays and deflections, Toshiba management has finally agreed to consider selling the company. But Tokyo will still have the ultimate say.

 
TikTok Is Eating Up Rivals. Can It Keep Users Hooked? 
 

The app capitalized on consumers' bite-sized attention span. Now rivals are competing for the same eyeballs.

 
Honda Motor's Net Profit Slid Amid Weaker North American Earnings 
 

Japan's Honda Motor Co. said fourth-quarter net profit fell 41% from a year earlier due partly to weaker earnings from North American operations.

 
Analysis: Samsonite Moves Closer to Prepandemic Sales Levels 
 

Samsonite International SA's moderating sales decline from prepandemic levels so far this quarter offers another sign that the luggage maker's recovery is on track amid easing restrictions on global travel.

 
 

(END) Dow Jones Newswires

May 13, 2022 17:15 ET (21:15 GMT)

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