Goldman in Talks to Unload GM Credit-Card Partnership to Barclays

The deal including roughly $2 billion of card balances could be struck by summer. 


 
McDonald's Supersizes China Bet as Corporate America Pulls Back

The fast-food chain aims to nearly double restaurants in the country after spending $1.8 billion to buy back a bigger stake in the company's business there. 


 
Walmart Takes On Trader Joe's and Whole Foods With New Premium Brand

The grocery giant is rolling out curry chicken empanadas and 300 other items as it seeks to capture spending by American consumers. 


 
Microsoft to Invest $1.7 Billion in AI Infrastructure in Indonesia

The U.S. tech giant said the investment will build on plans to build the company's first data center region in Indonesia and mark its single biggest investment in Southeast Asia's largest economy. 


 
European Carmakers Disappoint in Sluggish Start to Year

Volkswagen, Stellantis and Mercedes-Benz each said revenue and earnings fell in the first quarter, but pointed to growing pains that will generate gains from new and upgraded models later this year. 


 
Samsung's Net Profit Quadruples as Chip Business Rebounds

The South Korean tech giant's flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom. 


 
HSBC's CEO Steps Down After More Than Four Years

Noel Quinn steered the bank through a tumultuous period, and doubled down on its focus on Asia. 


 
AMD Earnings Will Be More About the Future Than the Present

Wall Street expects the chip maker to post revenue of $5.48 billion, up 2% from a year ao, with profit of 62 cents a share. 


 
WeWork to Advance Bankruptcy Plan That Would Hand Control to Yardi Systems

WeWork cleared one of the last remaining hurdles to hand control of the co-working business over to service partner Yardi Systems in a bankruptcy restructuring that would value the company at a fraction of what it was worth at its peak five years ago. 


 
How Bob Bakish, the Anti-Mogul CEO, Struggled to Rescue Paramount

The company veteran stepped down Monday with Paramount in the midst of a merger drama.


(END) Dow Jones Newswires

04-30-24 0715ET