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)
Copyright (c) 2025 Dow Jones & Company, Inc.
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