Levi Strauss Swings to Quarterly Loss, Lifts Full-Year Guidance

The jeans maker posted a quarterly loss following a restructuring charge and raised its outlook for the year as it refocuses its business model toward its direct-to-consumer channel to offset declining wholesale sales. 


 
Paramount, Skydance Enter Exclusive Merger Talks, Spurning $26 Billion Offer From Apollo

An agreement would pave the way for an exit by controlling shareholder Shari Redstone. Paramount's shares climbed 15%. 


 
Disney, Bob Iger Defeat Activist Nelson Peltz in Shareholder Vote

Investors supported the company's slate of board nominees. Peltz lost his bid to become a director in a win for the Disney CEO. 


 
Nvidia Partner Bets $3.9 Billion on Midwest's Chip-Making Potential

SK Hynix is planning for a facility in West Lafayette, Ind., amid an uptick in Midwestern semiconductor projects. 


 
Amazon Cuts Hundreds of Jobs in Cloud-Computing Business

Amazon Web Services said it planned to eliminate several hundred jobs in sales, marketing and global services, and would cut hundreds more from its physical stores technology team. 


 
PepsiCo and Carrefour End Food Fight, Returning Snacks and Drinks to Shelves

Food giant and one of Europe's largest grocers said they had reached a deal for PepsiCo products to return to stores in France. 


 
UnitedHealth Grapples With Communications During Hack Crisis

Some medical providers say they have been ignored, others pressured to make positive statements. 


 
Spotify Is Raising Prices Again in U.S. and Some Overseas Markets

The streaming service is looking to offset the cost of its audiobook offering. 


 
Beauty Slowdown Reflects Cracks in Consumer Spending

The entire beauty category is experiencing weaker spending across price points and product segments, says Ulta's CEO. 


 
Communications Technology Business Casa Systems Files for Chapter 11 Bankruptcy

The Massachusetts-based company has a pair of potential deals in place to sell assets in a liquidation plan.


(END) Dow Jones Newswires

04-03-24 1715ET