China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring
The company clinched a restructuring deal with a group of its foreign bondholders this spring and is seeking court approval for a global deal.
Outback Steakhouse Owner Draws Activist Investor
Starboard has built a stake of more than 5% in Bloomin’ Brands, making it one of the company’s top-five shareholders.
Ross’s stock rallies more than 4% after off-price retailer raises outlook, says people are looking for bargains
Shares of Ross Stores Inc. rose more than 4% after the company joined other off-price retailers in surprising Wall Street with a beat-and-raise.
Applied Materials Beats Forecasts for Earnings
The analyst consensus for the equipment maker was for adjusted earnings per share of $1.74 for the July quarter, but the number came in at $1.90.
Bankrupt Trucker Yellow Taps Estes Express for $1.3 Billion Real-Estate Sale
The real-estate deal with Estes is likely enough to cover funds Yellow borrowed from government and private lenders before bankruptcy.
EV Startup Worth More Than GM Had Troubled U.S. Rollout
Vietnamese electric-car company VinFast has flip-flopped on strategy and recalled vehicles.
A Big Health Insurer Is Ripping Up the Playbook on Drug Pricing
Blue Shield of California says it aims to save millions on drug costs as it drops CVS Caremark as a pharmacy-benefit manager.
A Rare Look Into the Finances of Elon Musk’s Secretive SpaceX
The rocket company and satellite operator narrowed its loss to $559 million in 2022. Costs increased, but revenues rose faster.
Match Group and Background-Checking Nonprofit End Safety Partnership
After a news report that sex offenders were using its dating apps, the company funded a nonprofit tool meant to protect users. Now that tool is shutting down.
Walmart Lifts Sales Outlook
The retailer’s quarterly sales and profit rose, as consumers continue to spend on necessities such as food-and look for deals.
Source: Dow Jones Newswires