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…
AP Wire
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….
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…
Twitter shareholders to meet amid Elon Musk’s takeover drama
Twitter’s regularly scheduled shareholder meeting today won’t include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform. That vote will…