FedEx 2Q Profit Rises Despite Continued Demand Woes

Revenue fell to $22.2 billion from $22.8 billion a year earlier, missing the $22.36 billion expected by analysts polled by FactSet. 


 
Comcast Breach Compromises 36 Million Accounts

Hackers took advantage of a vulnerability in Citrix cloud-computing software and accessed names and Social-Security details, among others. 


 
Universal Eyes European Theme-Park Challenge to Disney

The company has bought land north of London while weighing opening a competitor to Paris Disneyland. 


 
Starbucks CEO Takes On Chain's Social Media Controversy Over Israel-Hamas War

"We see protestors influenced by misrepresentation on social media of what we stand for," CEO Laxman Narasimhan said in a letter. 


 
Volkswagen Job Cuts to Help Save Flagship Brand $4.37 Billion Next Year

Volkswagen has reached a deal with workers that will help its flagship brand save up to $4.37 billion next year by reducing the size of its workforce. 


 
U.S. Leads Bid to Secure Red Sea, but Shipping Firms Remain on Edge

Regional politics and well-armed Houthi adversaries in Yemen are among the challenges facing the U.S.-led naval force. 


 
Affirm's stock rockets after Walmart expands buy-now-pay-later option to include self-checkout purchases

Shares of Affirm Holdings Inc. soared toward the highest prices seen in nearly two years after the provider of buy-now-pay-later payment options said it has expanded its services with discount retail giant Walmart Inc. to include self-checkout purchases. 


 
Court Rejects Claims Linking Tylenol to Autism, ADHD

A judge ruled that plaintiffs in hundreds of lawsuits don't have admissible evidence to support claims that acetaminophen raises risks for fetal development. 


 
FactSet Lowers Fiscal-Year Outlook and Plans Cost Cuts

FactSet says some cost cuts will be personnel-related. 


 
A Free-World Champion to Rival China: Nippon Chief's Ambitions for U.S. Steel Deal

Nippon Steel President Eiji Hashimoto says the acquisition would boost economic security, but U.S. politicians and workers object.


(END) Dow Jones Newswires

12-19-23 1915ET