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. 


 
Google to Roll Out AI Search Summaries to Billions

Starting this week in the U.S., hundreds of millions of people will begin seeing AI overviews in Google search, as the company strengthens its embrace of generative artificial intelligence. 


 
Amazon Gets New Cloud-Computing Boss as AI Battle Shakes Up Its Top Profit Engine

The chief executive of Amazon Web Services, Adam Selipsky, is stepping down and will be succeeded by Matt Garman, the company's senior vice president of sales and marketing. 


 
Payments-Company Waystar Plans to Restart IPO Pitch

The private equity-backed company is eyeing a June stock-market debut. 


 
Regulators Probe Alphabet's Waymo After 22 Self-Driving Car Incidents

No injuries or fatalities have been reported involving the Google parent's startup. 


 
Comcast to Launch Streaming Bundle of Peacock, Netflix and Apple TV+

The new bundle, called StreamSaver, will be exclusively available to customers of Comcast's internet service. 


 
Alibaba Quarterly Profit Sinks Despite Rise in Sales

Alibaba Group's profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses. 


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

Home Depot Inc.'s stock was down 0.9% Tuesday, after the home-improvement retailer beat profit estimates for the first quarter but saw sales fall slightly short as the spring selling season got off to a delayed start. 


 
Anglo American Plots Breakup 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. 


 
Plug Power's stock jumps as much as 70% after long-awaited funding announcement

Plug Power delivered a long-awaited funding announcement on Tuesday morning that looked set to fuel a major stock gain.


(END) Dow Jones Newswires

05-14-24 1515ET