House Passes Bill to Ban TikTok or Force Sale, as Lobbyists Turn Attention to Senate

Lawmakers have expressed worries that the company's parent, Bytedance, would give U.S. users' data to Beijing. 


 
Owner of Family Dollar to Close 1,000 Stores

Dollar Tree, which operates the Family Dollar chain, said inflation, store theft and merger indigestion are eroding the discount retailer's results. 


 
Volkswagen's Audi Division Posts Lower Profits

Volkswagen reported lower operating margin and profit for its Audi brand group but its flagship division increased profitability. 


 
Williams-Sonoma's stock hits a record after profit beat and 26% dividend raise

Shares of Williams-Sonoma Inc. rallied into record territory Wednesday after the home-products retailer beat quarterly earnings expectations, with "full-price selling" and supply-chain improvements helping boost margins. 


 
Vera Bradley's stock falls 10% after handbag maker's earnings fall short of estimates

Vera Bradley's CEO said that "recent sales results demonstrate the need for change in our branding, product assortments and store environments." 


 
Tesla's stock extends selloff as Wells Fargo joins the bear camp

Shares of Tesla extended their selloff toward a 10-month low Wednesday, as a Wells Fargo analyst moved to a bearish stance on the stock. 


 
Petco CEO Steps Down

Ron Coughlin is also stepping down from the board, which has appointed R. Michael Mohan to serve as interim CEO. 


 
Elon Musk's SpaceX prepares third Starship flight test

SpaceX's third Spaceship flight test could come as soon as Thursday, pending regulatory approval, says the private space company. 


 
AirAsia Chief to Scout for More Fundraising After SPAC Listing

AirAsia chief Tony Fernandes plans to seek fresh funding in Southeast Asia's equities markets after a much-touted SPAC listing in the U.S. later this year. 


 
Biden's 15% Corporate Minimum Tax Hits KKR, Whirlpool in First Year

The Biden administration is proposing an expansion of a levy that targets companies with high profits and low taxes.


(END) Dow Jones Newswires

03-13-24 1315ET