UAW's Southern Expansion Is Tested in Alabama as Mercedes Vote Ends

Results are expected on Friday. The union is seeking to further its momentum after a decisive win at a Tennessee Volkswagen plant. 


 
Tencent's Top Shareholder Taps New Chief in AI Ramp-Up

Prosus and South African parent Naspers named Fabricio Bloisi as group CEO, replacing interim boss Ervin Tu, who will become president and chief investment officer. 


 
Alibaba Shares Rise as Investors Grow Confident in Outlook

The e-commerce giant's shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release. 


 
Applied Materials' stock dips despite upbeat earnings

The chip-equipment company's revenue outlook exceeded expectations at the midpoint. 


 
Reddit to Give OpenAI Access to Its Data in Licensing Deal

The deal will give the artificial-intelligence startup access to Reddit's data. 


 
Boeing Supplier Spirit AeroSystems to Lay Off Hundreds

The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing. 


 
Cracker Barrel is the latest restaurant chain to signal trouble ahead as it sees fewer diners

Restaurant chain slashes dividend as it reports fewer diners, says it had to close stores this quarter 


 
Under Armour to Slash Jobs, Warns of Revenue Drop

CEO Kevin Plank said the sportswear brand has tried to do "too much of too much" and will focus on selling fewer products on discounts. 


 
Charles Schwab CFO to Retire Amid Executive Reshuffle

The brokerage firm unveiled several executive changes. Among them, Bernie Clark will step down from his role leading the unit that caters to independent financial advisors. 


 
Crescent Energy to Acquire SilverBow in $2.1B Deal

SilverBow Resources has agreed to be acquired by its Houston-based rival Crescent Energy in a deal valued at $2.1 billion.


(END) Dow Jones Newswires

05-17-24 0715ET