SAP Updates Guidance on Qualtrics Divestment
SAP revised its outlook for the year to account for the stake in Qualtrics International that it is divesting as the group continues to focus on its cloud business, the main driver of revenue growth in the first quarter.
Barclays Names HSBC Executive as Compliance Chief
Kirsty Everett is succeeding Matt Fitzwater, the British bank’s interim chief compliance officer.
BHP Downgrades Escondida, Nickel Production Guidance
UPDATED: BHP Group Ltd. said it would produce less copper than expected at the Escondida mine in northern Chile this fiscal year, but stuck with its annual group copper-production estimate, citing the strong performance of other operations in Chile and Australia.
Meta Will Slow Hiring, Won’t Rule Out Future Layoffs
Facebook parent CEO Mark Zuckerberg said that approximately 4,000 employees, primarily in the company’s tech divisions, were affected by the latest layoffs.
BuzzFeed News Is Shutting Down, and Vice World News Could Be Next
The company’s chief revenue officer and chief operating officer will depart as it faces ongoing challenges.
General Atlantic Exits Cancer-Care Investment
The firm is selling a majority stake in OneOncology to TPG and AmerisourceBergen in a deal that values the business at about $2.1 billion.
CSX Profit Widens While Lower Volumes, Weather Squeeze Union Pacific
The results come amid heightened scrutiny over railroad safety following a February derailment in Ohio.
Twitter Begins Removing Legacy Blue Check Marks
Celebrities appeared to lose their blue check marks as the social-media platform moves in favor of paid subscriptions.
J&J Wins New, Temporary Shield Against Trials in Talc Bankruptcy
A bankruptcy judge has again shielded Johnson & Johnson from jury trials in roughly 40,000 pending talc-related lawsuits, advancing the company’s second attempt to resolve mass cancer claims through the chapter 11 system.
SpaceX’s Starship Explodes Shortly After Launching Uncrewed Test Flight
Starship launched successfully but exploded a few minutes later, ending the inaugural flight of a vehicle Elon Musk wants to use for deep-space missions.
Source: Dow Jones Newswires