Apple Sales Fall as iPhone, China Businesses Remain Sluggish

The iPhone maker authorized $110 billion in share buybacks and forecast a return to revenue growth in the current quarter. 


 
TikTok's Push for Users to Lobby Congress Should Be Investigated, Lawmakers Say

Exhortations to users to contact their representatives amid a debate over banning the app might have broken the law, the leaders of a House committee say. 


 
Apollo Raised $40 Billion in First Quarter, Eyes New Debt Vehicle for Individuals

The alternative-asset manager's earnings rose as investors flocked to private-debt funds. 


 
Macquarie's Full-Year Profit Falls, Cuts Dividend

Australia's biggest investment bank and asset manager reported a 32% fall in annual profit and cut its dividend by 14%. 


 
Sony, Apollo Make $26 Billion All-Cash Offer for Paramount

Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant. 


 
TD Bank Probe Tied to Laundering of Illicit Fentanyl Profits

The Canadian bank faces three other U.S. probes into its anti-money-laundering controls. 


 
Coinbase Blows Past First-Quarter Earnings Estimates. Bitcoin's Boom Bolstered Profits.

Recent euphoria around Bitcoin's acceptance by major institutions probably provided a boost to the company this year, but major threats to its business remain. 


 
SEC Ends Probe of Barry Diller, David Geffen Trades Before Activision-Microsoft Deal

Regulators have ended an investigation into bets that they made on Activision Blizzard before the videogame company agreed to be acquired by Microsoft. 


 
Blue Owl Sees Credit Resilience Despite Growing Default Fears

The co-head of alternative asset manager Blue Owl Capital said private-credit firms are in good shape to withstand a sharp rise in loan defaults, despite fears the young market has yet to be tested by a serious economic downturn. 


 
ConocoPhillips's production narrowly beats analyst estimate, but profit falls slightly short

Shares ticked up premarket as the company says it plans to return $9 billion to shareholders through dividends and stock buybacks in 2024.


(END) Dow Jones Newswires

05-02-24 2115ET