Airlines Fight Back Against Biden Administration Fee-Disclosure Rule

The Transportation Department says its rule, requiring added disclosure of baggage and flight-change fees, helps consumers avoid overpaying for surprise fees. 


 
Kraft Heinz Explores Sale of Oscar Mayer

The famed hot-dog business could fetch between $3 billion and $5 billion. 


 
Fund Manager Bill Hwang's Archegos Was a 'House of Cards,' Prosecutor Tells Jury

Hwang, on trial for fraud and racketeering related to his firm's meltdown, maintains his trading practices were lawful. 


 
Squarespace Intends to Go Private in $6.6 Billion Permira Takeover

The website-development company said its shareholders will receive $44 a share in cash, a 15% premium to Friday's closing price. 


 
Anglo Rejects BHP's Fresh $43 Billion Bid

The approach by the Australian mining company shows an eagerness to boost exposure to copper at a time when demand for the metal is expected to rise. 


 
Intel Nears Deal With Apollo for $11 Billion Ireland Partnership

The investment firm is in exclusive talks to supply the chip giant with cash for a new plant. 


 
Country Garden Avoids Further Default With Payments on Onshore Bonds

Chinese property developer Country Garden made payments on two onshore bonds within a grace period, avoiding default days after the company had said it might turn to a state guarantor for help. 


 
Temu Cools on the U.S. After Shelling Out Billions

The Chinese-owned bargain app is looking to reduce its reliance on American shoppers as growth slows and scrutiny of TikTok grows. 


 
RBC Reorganizes Investment Banking in a Play for More Deals

The bank is naming Matthew Stopnik global investment banking head, based in New York. 


 
Tesla Just Offered a New Deal on Its Model Y

Tesla is offering 0.99% annual percentage rate financing on qualifying Model Y purchases.


(END) Dow Jones Newswires

05-13-24 1515ET