SoftBank More Than Quadruples Annual Profit on $44 Billion in OpenAI Gains
The Japanese company has issued debt, sold stakes and borrowed to fund bold AI investments.
----
Nvidia CEO Huang Is on Trump's Plane to China. The Trip Could Unlock Billions.
Nvidia stock could get a boost if President Donald Trump's summit leads to large-scale sales of chips to Chinese customers.
----
China's 'Two Billion Feet' Are Suddenly Running From Nike
Quick-moving domestic athletic brands are now able to match American quality and cachet in the hypercompetitive and increasingly nationalistic market.
----
Walmart Lays Off or Relocates About 1,000 Corporate Workers
The retailer is cutting positions as it combines more of its global-tech and product teams.
----
Samsung Management, Union Fail to Reach Deal to Avoid Strike
Samsung Electronics' talks with its labor union failed to reach an agreement over how the company's massive profits are distributed, raising the likelihood of a strike next week.
----
Siemens Launches New $7 Billion Share Buyback Program
The industrial giant launched the buyback program of up to five years as it posted higher second-quarter revenue in its industrial businesses.
----
Germany's Merck KGaA Raises Guidance
The outlook lift comes on expectations of stronger momentum in the group's life-sciences unit, resilience in healthcare, as well as its first-quarter performance and market conditions.
----
Hapag-Lloyd Cautions on Higher Costs From Middle East Fallout
The world's fifth-largest container line by capacity maintained its guidance for the year, but warned the conflict was increasing costs.
----
Deutsche Telekom Lifts Full-Year Guidance
The company reported lower net profit in the first quarter, but raised its full-year expectations following an outlook increase from its U.S. subsidiary.
----
Jack Daniel's Maker Brown-Forman Rejects $15 Billion Takeover Offer From Sazerac
Advisers for Brown-Forman informed Sazerac on Monday that the company was rejecting the $32-a-share cash offer.
----
JBS Profit Slides Amid Rising Cattle Costs
The Brazilian meatpacking conglomerate posted a first-quarter profit of $220.6 million, down from $500.2 million a year earlier.
----
OpenAI CEO Sam Altman Defends His Leadership, Personal Investing at Trial
The blockbuster court battle centers around Musk's donations to AI lab when it was a nonprofit and its conversion to a for-profit company.
----
Boeing could finally reignite its China business. Will that breathe new life into its stock?
Wall Street is hoping Boeing is about to announce a big order from China, cementing its turnaround.
(END) Dow Jones Newswires
May 13, 2026 05:00 ET (09:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.