Meta Begins Laying Off Thousands of Employees as It Transforms Around AI
The cuts of roughly 8,000 jobs, or 10% of staff, are meant to offset the cost of the company's AI investments.
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Target Reports Strongest Sales Gain in Years, But Sounds Note of Caution
After a string of weak results, retailer says more shoppers are gravitating to its refreshed products and stores.
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Wendy's Names Robert Wright as CEO
Robert Wright will return to Wendy's as chief executive officer, where he will oversee efforts to reverse a slump in the restaurant chain's U.S. sales.
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Lowe's Sales Boosted by Online Growth
Lowe's reported higher first-quarter sales boosted by growth in its online channel, even as a stagnant housing market continues to weigh on home improvement activity.
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James Murdoch to Buy New York Magazine, Vox Podcast Network From Vox Media
The deal, which also includes the Vox news site, greatly expands the media holdings of Murdoch's Lupa Systems.
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Hasbro Profit, Revenue Rise on Strong Sales of Magic: The Gathering
Hasbro reported a jump in profit and revenue in the first quarter, driven by continued strength in its Wizards of the Coast and digital-gaming segment.
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TJX Raises FY Guidance as Consumers Flock to the Off-Price Retailer
T.J. Maxx parent TJX Cos. reported higher first-quarter sales and raised its full-year guidance as the off-price retailer continues to draw customers in a cautious consumer environment.
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CEO Walks Back Comment About Replacing 'Lower-Value Human Capital' With AI
Standard Chartered chief Bill Winters used the phrase while outlining plans for thousands of job cuts.
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North Face Fuels VF's Return to Revenue Growth, Upbeat Outlook
VF Corp returned to full-year revenue growth and guided for continued growth in the coming year.
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Qatar Airways Profit Falls as Middle East Conflict Disrupts Air Traffic
The state-owned group posted lower profit after war in the Middle East disrupted air traffic, but said it was rebuilding its global schedule as mediators worked to end the conflict.
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Stellantis, Dongfeng Plan New JV to Sell Voyah-Branded Cars in Europe
The joint venture would take responsibility for the sale and distribution of Dongfeng's Voyah-branded NEVs, a category that includes fully electric variants and plug-in hybrids.
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Sherritt to Sell Majority Stake to Gillon
Sherritt International plans to sell control to Gillon Capital as it looks for a deal to avoid being caught up in the Trump administration's efforts to squeeze Cuba's regime.
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Experian Shares Slip After Outlook Disappoints
The credit-reporting agency was leading the FTSE 100 fallers after its revenue-growth guidance for fiscal 2027 came in below expectations.
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Samsung Management, Union Fail to Reach Deal in Last-Minute Talks
The South Korean chip maker said it couldn't accept the union's demands, which include performance-based bonuses even for employees at its unprofitable business units
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Marks & Spencer's Full Year Profit Falls Despite Second-Half Rebound
Pretax profit dropped 29%, though the retailer said its performance rebounded in the second half and that it was recouping losses from last year's cyberattack.
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Alibaba Ramps Up AI Push With New Chip, Model Upgrades
Though AI investment has significantly dragged on Alibaba's profitability in recent quarters, management has expressed confidence that the investment will pay off.
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CSG's Earnings Rise on Strong Demand for Ammunition, Defense Equipment
The arms maker is benefiting from increasing demand from Ukraine for longer-range ammunition, which is only produced by a few European manufacturers.
(END) Dow Jones Newswires
May 20, 2026 11:00 ET (15:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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