Alibaba reports slowest growth yet amid COVID-19 outbreaks
HONG KONG — Alibaba Group Holding Ltd. today reported a single-digit increase in its fourth-quarter revenue, its slowest quarter yet as its online services and…
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US economy shrank by 1.5% in Q1 but consumers kept spending
WASHINGTON — The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace,…
CEO pay up 17% as profits, stocks soar; workers fall behind
NEW YORK — Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation…
Female CEO’s pay rose 26% in 2021, but ranks remain small
NEW YORK — Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits…
Broadcom to buy VMware for $61 billion in big tech tie-up
Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the…
Japan’s troubled Toshiba proposes outside directors to board
TOKYO — Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership today, ahead of a shareholders’ meeting next month. Toshiba Corp. said…
Dollar Tree: Fiscal Q1 earnings snapshot
CHESAPEAKE, Va. — Dollar Tree Inc. today reported fiscal first-quarter net income of $536.4 million. The company said it had profit of $2.37 per share….
Dollar General: Fiscal Q1 earnings snapshot
GOODLETTSVILLE, Tenn. — Dollar General Corp. today reported fiscal first-quarter net income of $552.7 million. The company said it had profit of $2.41 per share….
Guttenberg brewery hopes to serve as community gathering spot
Guttenberg Brewing Co. Location: 530 S. First Street, Guttenberg, Iowa Hours: For Memorial Day weekend, the business will be open from 2 p.m. to 11…
Fed officials signal rates may head to ‘restrictive’ levels
WASHINGTON — Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken…