News Highlights: Top Company News of the Day
McDonald's Shareholders Vote Down Carl Icahn's Activist Board Slate
The investor aimed to change the way the fast food giant's pork
suppliers treat hogs, but his two director nominees were voted
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
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.
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
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
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.
Baidu Posts First-Quarter Loss Despite Higher Revenue
Chinese search engine giant Baidu Inc. swung to a loss in the
first quarter, as fair-value losses on investments offset a rise in
(END) Dow Jones Newswires
May 26, 2022 13:15 ET (17:15 GMT)
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