Adobe Stock Falls on Disappointing Outlook 
 

Adobe forecast first-quarter revenue between $5.63 billion to $5.68 billion, below Wall Street's consensus.

 
Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi 
 

Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motors' now-scrapped Cruise robotaxi program.

 
A Third TD Bank Employee Is Charged in Money Laundering Case 
 

The Justice Department has charged a third TD Bank employee for his alleged role in a money-laundering scheme that led to over $3 billion in fines against the bank and prompted calls for greater accountability against TD executives.

 
Sotheby's Announces Round of Layoffs 
 

The auction house, which just got a $1 billion boost, blames cuts on a "challenging" art market.

 
Exxon Mobil Targets 10% Annual Earnings Growth Through 2030 
 

The biggest U.S. oil company laid out a six-year strategic plan in which it it plans to grow earnings at a compound annual growth rate of 10% and boost spending on capital projects through 2030.

 
Albertsons Sues Kroger, Terminates Merger After Judge Blocks Supermarket Megadeal 
 

Albertsons' lawsuit said the rival grocery company failed to exercise its best efforts to win regulatory approval for the $20 billion deal.

 
Patterson Cos to Be Acquired by Patient Square in $4.1 Billion Deal 
 

The dental and animal health-care company agreed to be acquired by health-care investment firm Patient Square Capital in a deal valued around $4.1 billion.

 
Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal 
 

The retailer found that a single employee's mistake and coverup created millions of dollars in false bookkeeping entries.

 
Tesla Stock Closes at an All-Time High After Rising for 6th-Straight Day 
 

Stock in the electric-vehicle maker closed above $424 on Wednesday. That's a new record for shares.

 
Vestas to Cut Jobs at U.K. Factory 
 

Vestas Wind Systems could cut hundreds of jobs at its Isle of Wight factory as it plans to repurpose the site to manufacture onshore turbine blades.

(END) Dow Jones Newswires

December 11, 2024 19:00 ET (00:00 GMT)

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