Apple Reports Weaker Sales for Second Straight Quarter
The iPhone maker posted a sales decline as demand has waned for some of its products after reaching record levels during the pandemic.
Lyft Grew First-Quarter Revenue During Tumultuous Period
The ride-sharing company said its revenue rose and its adjusted earnings fell in the first quarter, as it adjusts to layoffs and leadership changes.
AIG Buoyed by Higher Premiums on Business Insurance
The company’s core insurance operations produce their best first quarter in 15 years.
DoorDash Sales Soar as Consumers Stick With Deliveries
The food-delivery company’s revenue grew 40% to $2.04 billion in the first quarter from $1.46 billion a year earlier.
Toronto-Dominion Bank, First Horizon Call Off Merger
The companies said the decision was made after TD Bank considered that obtaining the regulatory prerequisites wasn’t certain.
Kenvue Stock Jumps in IPO of Former J&J Consumer-Health Business
Shares of the company, which owns brands including Tylenol, Band-Aid, and Neutrogena, jumped 17% as public trading began.
Paramount Shares Drop 28% as Streaming Costs Mount
The media company cuts its dividend and restarts the process to sell book publisher Simon & Schuster.
Bed Bath & Beyond Spinoff Christmas Tree Shops Prepares Bankruptcy Filing
Christmas Tree Shops, the discount home-goods chain spun out by Bed Bath & Beyond in 2020, is preparing to file for bankruptcy as early as this weekend, according to people familiar with the matter.
Peloton Leans Into Subscriptions as Brand Revamp Continues
The exercise-equipment company continues to sit on high levels of unsold web-connected bikes and treadmills.
Biggest Grocery Union Opposes Kroger-Albertsons Deal
UFCW International plans to raise concerns with antitrust officials about potential divestitures and stores’ future viability.