Monster Beverage launches $3 billion stock buyback

Beverage company's chief executive may sell up to about $33 million of stock to provide "flexibility." 


 
Shopify Stock on Track for Record Drop as Revenue Outlook Weakens

While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending. 


 
Spain's BBVA Runs out of Room for Friendly Merger With Sabadell

Spain's Banco Bilbao Vizcaya Argentaria got the cold shoulder in its attempt to revive a merger with smaller rival Banco de Sabadell. While some analysts still think a deal is possible, a friendly approach seems to have been ruled out. 


 
Uber Swings to Loss Despite Rising Revenue

The ride-hailing company's bottom line, which had at last turned positive last year, was hit by investments and legal settlements. 


 
Boeing's Starliner launch pushed back to May 17 for first crewed mission

The historic first crewed launch of Boeing Co.'s Starliner spacecraft will take place no earlier than May 17, after Monday's launch attempt was scrubbed two hours before takeoff. 


 
Tesla Autopilot probe expanded to securities or wire fraud: Reuters

Prosecutors are reviewing whether Telsa or CEO Elon Musk told consumers that self-driving technology means cars can drive themselves. 


 
Bain Pursues Takeover of Education-Software Provider

A deal for PowerSchool could come together in the coming weeks, valuing the software provider at around $6 billion, including debt. 


 
Meta Launches New AI Tools for Advertisers

Meta Platforms is expanding a suite of generative artificial-intelligence tools for use by its advertisers, the company's latest move to integrate AI into its consumer products. 


 
Intel Lowers Sales Outlook After China Chip Licenses Revoked

The chip maker kept its full-year forecast but said it expected revenue to be below the midpoint of the second-quarter range. 


 
Campari CEO Bets on Growth in U.S., Asia-Pacific Despite Sector Struggles

Campari Chief Executive Matteo Fantacchiotti said in an interview that the distiller has been focused on growing in the U.S. and Asia-Pacific at a time when other European drinks makers are facing a challenging environment in both markets.


(END) Dow Jones Newswires

05-08-24 1315ET