Johnson & Johnson to Buy Shockwave Medical in $13.1 Billion Deal

The healthcare giant said the addition of the medical-device maker would expand its MedTech cardiovascular portfolio. 


 
Apparel Retailer Uniqlo Expands in Texas and California in New Store Push

Uniqlo plans to open 11 stores in Texas and California this year as part of an expansion that aims for 200 stores in North America by 2027. 


 
Robinhood Sets Sights on New Bounty: The Rising Rich

Recent moves by the online brokerage hint at ambitions in wealth management. 


 
Fulfillment Startup Stord Expands With Logistics Acquisition

The buy comes as slowing e-commerce growth is pressing third-party service providers to find new growth strategies. 


 
Foxconn Expects Second-Quarter Growth After Higher March Revenue

Foxconn reported higher March revenue, thanks to strong demand for cloud and consumer-electronics products, and said it expects growth in the second quarter despite the impact of a big earthquake that hit Taiwan this week. 


 
Samsung Doubles Down on Texas as U.S. Chip Epicenter

The South Korean firm said it will ramp up investment to $44 billion for its hub near Austin that makes advanced semiconductors. 


 
Apple Lays Off 614 Workers After Canceling Car Project

The tech giant announced its first major job cuts since the pandemic on the heels of its decision to cancel its vaunted electric-car project. 


 
Shell Sees Gas Output Above Guidance

Shell said it expects first quarter gas production to beat its previous guidance after a strong start to the year but earnings would be lower than the prior quarter. 


 
China Oilfield Services Suspends Operations of Four Mideast Rigs

China Oilfield Services has suspended operations of drilling rigs related to a multibillion-dollar contract in the Middle East, a setback for China's largest offshore drilling contractor in one of its most important international markets. 


 
The Hot Sale Going on at Department Stores: Their Shares

Private buyers might have more stomach for the struggling retail sector than jaded stock investors.


(END) Dow Jones Newswires

04-05-24 0915ET