Home Depot's sales miss estimates as spring selling season sees delayed start

Home Depot Inc.'s stock fell 0.2% early Tuesday, after the home-improvement retailer beat profit estimates for the first quarter but sales fell slightly short as the spring selling season got off to a delayed start. 


 
Anglo American Plans to Split Up After Rejecting $43 Billion BHP Bid

The miner outlined a turnaround effort that sharpens its focus on copper after turning down a sweetened takeover offer. 


 
Walmart to Lay Off and Relocate Workers

The retailer is cutting hundreds of corporate jobs and asking some staff to move to large corporate hubs. 


 
Uber to Buy Delivery Hero's Taiwan Business for $950 Million

Uber will also separately purchase $300 million in newly issued ordinary shares of Delivery Hero. 


 
Sony Group Profit Jumps on Stronger Game, Movie Earnings

The Japanese entertainment and electronics company reported a fourth-quarter net profit beat. 


 
Foxconn Posts Profit Surge as It Bets on AI for Long-Term Growth

The world's largest contract electronics manufacturer backed its upbeat outlook for the year after posting a surge in first-quarter profit. 


 
Tencent Profit Jumps as High-Margin Businesses Grow

Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses. 


 
Bumble Is Removing Anti-Celibacy Ads Following Backlash

The company was accused online of undermining daters' freedom of choice. 


 
Fisker Gets $3.5 Million in Funding From Short-Term Loan

The cash-strapped maker of electric vehicles secured about $3.5 million in additional financing via notes due next month. 


 
PE Firm Everstone Capital Mulls IPO For Everlife

Singapore private-equity firm Everstone Capital is exploring an initial public offering of its Asian health services firm as plans to sell that business remain stuck.


(END) Dow Jones Newswires

05-14-24 0715ET