Diddy Accuses Diageo of Abandoning His Tequila 

Music mogul Sean "Diddy" Combs sued the company, alleging it neglected his DeLeĆ³n brand while throwing its weight behind George Clooney's Casamigos.

IKEA Looks to Speed Up E-Commerce With Software Deal 

The furniture retailer has been generating a higher proportion of its sales online and said it wants to better serve digital shoppers.

American Airlines stock rallies after raised profit outlook, citing continued strong demand 

American Airlines' stock rallied Wednesday after the air carrier raised its second-quarter outlook for profit, citing continued strong demand.

Nearly 4 Million Kia Cars Have Potentially Explosive Air-Bag Parts, Document Shows 

The Korean auto brand disclosed to federal regulators in 2016 the number of vehicles it has made that have inflators from ARC Automotive.

Franklin Resources to Acquire Putnam Investments From Great-West Lifeco 

Asset manager Franklin is to pay as much as US$1.3 billion in stock and cash.

Twitter Is Now Worth a Third of What Musk Paid for It, Fidelity Says 

The social-media company's value fell to around $15 billion, as Fidelity cut its valuation for a third time.

Jamie Dimon Says He Never Discussed Epstein's Accounts; Staley Says He Did 

Former top JPMorgan executive Jes Staley said in legal documents that he communicated with CEO Jamie Dimon about the bank's business with convicted sex offender Jeffrey Epstein.

Holmes's Victims Likely Won't Get Much Restitution 

The disgraced Theranos founder and the former executive Ramesh Balwani must pay $452 million in restitution, but like many criminals, they have limited means.

Yeezy Sneakers Go Back on Sale as Adidas Looks to Move Past Controversy 

Adidas released the first batch of more than $1 billion worth of Yeezy-branded sneakers, putting in motion the final steps in the agonized, monthslong dissolution of its once-lucrative collaboration with Kanye West.

Advance Auto Parts 1Q Earnings Fall 

Advance Auto Parts logged a slimmer profit and lower-than-expected sales for the first quarter.


(END) Dow Jones Newswires

May 31, 2023 15:00 ET (19:00 GMT)

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