Behind Fake-Account Issue That Musk Cited in Calling Twitter Deal 'On Hold' 

Social media has grappled with phony accounts for years, raising questions about why Tesla CEO Elon Musk is talking about them again now.

Ford Unloads More Shares of Electric-Vehicle Startup Rivian 

Ford sold 7 million Rivian shares at a price of $26.88, the company says. That followed an 8-million-share sale earlier in the week at about the same price.

CVC Capital Targets Australia's Brambles as Logistics Assets Stay Hot 

The takeover approach for the pallet supplier comes after private-equity firms invested more than $50 billion in logistics last year.

JetBlue to Launch Tender Offer for Spirit 

JetBlue plans to launch a hostile takeover attempt for discount carrier Spirit Airlines, after Spirit rejected JetBlue's $3.6 billion offer in favor of an existing deal with Frontier Airlines.

Plains All American to Settle Class-Action Suit Over 2015 California Pipeline Spill 

The owner of an oil pipeline that caused a 4-mile-long spill along a California beach in 2015 has agreed to pay $230 million to settle a class-action lawsuit brought by fishermen and property owners, according to attorneys and court documents.

Walmart Anticipates a Store Manager Shortage Despite $200,000-a-Year Pay 

Many managers leading the company's roughly 4,700 U.S. stores have been in their roles for at least a decade, and Walmart executives say they need to find a new generation to replace them.

Emirates Telecom Takes Stake in Vodafone 

Emirates Telecom has bought a 9.8% stake in Vodafone for investment purposes, worth around GBP3.3 billion at Friday's closing share price.

Adani to Buy Holcim's India Business 

Adani Group has agreed to buy Holcim's cement business in India, in a $10.5 billion deal that is biggest ever acquisition in the country's infrastructure and materials industry.

Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices 

The Saudi oil giant said its net income rose 80% in the first quarter of this year, as state-owned oil giants reap profits from an energy-price boom caused by Russia's invasion of Ukraine.

Ryanair Eyes Profit Return But Cautious on Recovery 

Ryanair said it expects to return to profitability in fiscal 2023 but cautioned the recovery remains it reported a consensus-beating narrowed loss.


(END) Dow Jones Newswires

May 16, 2022 05:00 ET (09:00 GMT)

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