Disney Vote Is a Referendum on Bob Iger's Many CEO Contract Extensions

The entertainment giant's past handling of Iger's succession is a key criticism that Trian Partners has raised in pushing for board seats. 


 
Lender Blue Owl Capital Pushes Into Insurance

One of Wall Street's fastest-growing firms is buying Kuvare Asset Management in a deal that will boost assets under management by $20 billion. 


 
Alibaba Ramps Up Share Buybacks

The Chinese e-commerce giant staged its second highest quarterly buyback on record, spending $4.8 billion on shares in the first three months of 2024. 


 
Kweichow Moutai 2023 Net Profit Jumped on Stronger Sales

Chinese liquor giant Kweichow Moutai says it is aiming for continuous sales growth this year after posting a 19% rise in 2023 net profit on stronger sales. 


 
Paramount shares rise on report it's considering exclusive sale talks with Skydance

Shares of Paramount Global rose in after-hours trading Tuesday following a report that the media giant may soon be one step closer to selling. 


 
Genmab to Boost Oncology Portfolio With ProfoundBio Buy

Danish biotech Genmab will buy U.S.-based ProfoundBio for $1.8 billion in cash as it looks to bolster its pipeline of cancer treatments. 


 
Elon Musk's X Names a New Head of Safety

Many big advertisers have pulled back from the social-media company. 


 
Intel Shares Drop After It Says Foundry Lost $7 Billion

Intel discloses that its foundry segment lost $7 billion in 2023, widening from a loss of $5.2 billion in 2022. 


 
Amazon to Remove 'Just Walk Out' Checkout Technology at U.S. Grocery Stores

The system uses cameras and sensors to charge customers after they leave stores. 


 
Tesla's Deliveries Fall for First Time Since 2020

The carmaker's first-quarter vehicle sales declined 8.5%, stoking further concern about the company's growth prospects.


(END) Dow Jones Newswires

04-03-24 0515ET