Elon Musk Wants to Challenge Google and Microsoft in AI
Twitter boss tells WSJ London event the social-media company could be cash-flow positive starting in June.
Baby-Formula Makers Face FTC Probe for Collusion
The agency is investigating whether any formula manufacturers coordinated before bidding for state contracts.
PacWest Sells Real-Estate Lending Unit
The struggling regional bank is selling Civic Financial Services to Roc360.
Lenovo Profit Slumps Amid Continued PC Weakness
Lenovo Group’s fourth-quarter net profit fell 72%, as personal-computer sales continued to decline amid a deteriorating global economy and soft consumer spending.
Target to Pull Some LGBT-Themed Merchandise After Customer Backlash
Retailer said some shoppers knocked down displays of Pride Month products and threatened store employees.
New York Times Union Agrees to Contract
The deal, after more than two years of negotiations, includes a salary floor of $65,000, hybrid-work guarantees and raises.
Palo Alto Stock Jumps After Profit Tops Estimates
The cybersecurity software company posted solid results for its fiscal third quarter ended April 30.
Netflix Cracks Down on Password Sharing
The streaming platform said only one household can watch per account.
Choice Hotels Seeks to Buy Wyndham Hotels & Resorts
A deal would create one of the country’s biggest budget hotel chains.
JPMorgan Says U.S. Virgin Islands Failed to Stop Epstein
The bank alleges in new court filings that the U.S. territory’s government took gifts and funds from the convicted sex offender.
Source: Dow Jones Newswires