Walmart to Cut 1,500 Jobs in Restructuring

The retailer is planning layoffs in a reorganization aimed at trimming its expenses and speeding up decision-making.

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Urban Outfitters Sales, Earnings Jump on Strength Across Retail Banners

Urban Outfitters posted double-digit sales growth in the first quarter with revenue growing at each of its main brands, an upbeat sign as other retailers said macroeconomic uncertainty was dampening demand.

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NBCUniversal Bids for MLB Rights That Were Dropped by ESPN

The company aims to air games on NBC and the Peacock streaming service.

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Former Apple Design Guru Jony Ive to Take Expansive Role at OpenAI

OpenAI will buy Ive's startup in a $6.5 billion deal, as Ive and CEO Sam Altman work on new generation of devices and other AI products.

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AT&T to Buy Lumen's Fiber Business for $5.75 Billion

The business includes one million fiber customers and reaches across 11 states.

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Target's Sales Dented by DEI Boycott

The retailer's comparable sales fell 3.8% in the latest quarter, a steeper drop than expected.

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UnitedHealth Stock Slumps on HSBC Downgrade. Why It Got a Rare Sell Rating.

HSBC analysts also slash their price target on shares of healthcare giant UnitedHealth.

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TJX Beat Earnings. Why the Stock Is Down.

Tariffs will likely weigh on the current quarter's earnings, the parent of TJ Maxx, Marshalls, and HomeGoods said.

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Boeing's Internal Safety Plan: Make Problems Easier to Report

The plane maker is aiming to convince federal regulators that it is making progress in improving its employee culture.

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Bloomberg Outage Hits Traders, Disrupts Government-Bond Auctions

The terminal, an essential tool for professional investors, suffered an outage that disrupted trading and some offerings of government bonds.

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Publicis Deepens Influencer Marketing Push With Deal for Captiv8

The acquisition is said to be valued at $150 million.

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Lowe's Earnings Beat Expectations. It Isn't the Only Reason the Stock Is Rising.

The home-improvement retailer sticks to its full-year guidance and reports better same-store sales than expected.

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SEC Sues Crypto Startup Unicoin and Its Executives for Fraud

The crypto company misled investors and overstated value of real-estate assets that it said backed its tokens, the agency said.

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Canada Goose Sales Unexpectedly Rise

Canada Goose sales unexpectedly rose in the latest quarter, as consumers showed little hesitation to spend on pricey coats and apparel despite a deteriorating consumer backdrop.

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Medtronic to Separate Diabetes Business

The medical device maker has been working to turn around the division over the past few years.

(END) Dow Jones Newswires

May 21, 2025 19:00 ET (23:00 GMT)

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