Goldman Profit Falls 21% as Trading Slows
Goldman Sachs's first-quarter profit fell 21% from a year ago as quiet trading and underwriting took a toll across Wall Street.
Citigroup Posts Higher Profit, But Revenue Slips
Citigroup's first-quarter profit rose 2% from a year ago, topping analysts' expectations, as the bank aims to bounce back from a tough fourth quarter.
China Investigates Ericsson Over Licensing Amid 5G Competition
Telecom-equipment maker Ericsson is being investigated by China's antitrust authorities over its technology licensing practices, as 5G competition heats up between companies and governments.
Catalent to Buy Paragon Bioservices for $1.2 Billion
Contract drug manufacturer Catalent said it has agreed to acquire Paragon Bioservices for in $1.2 billion in cash, to help expand its gene-therapy manufacturing capabilities.
South Korea's Asiana Airlines Plans to Sell Stake to Appease Creditors
South Korea's second-largest carrier will put up for sale a one-third stake owned by its ruling family as part of a turnaround plan. There is a broader effort to revamp the country's family-controlled conglomerates.
German Prosecutors Charge VW's Ex-CEO Over Diesel Scandal
German public prosecutors charged Martin Winterkorn, the former chief executive of Volkswagen, and four other managers over the diesel-emissions scandal.
Best Buy Names Corie Barry as Next CEO
Best Buy named Corie Barry, currently chief financial and strategic transformation officer, as its new chief executive.
Waste Management to Buy Advanced Disposal Services for $2.9 Billion
Waste Management is buying competitor Advanced Disposal Services for around $2.9 billion, the biggest acquisition in its history and a deal that would bring together the No. 1 and No. 4 companies in the sector.
American Joins Southwest in Extending Flight Cancellations as Jet-Grounding Drags On
With peak travel season approaching, airlines and passengers are wrestling with the fallout from the grounding of Boeing 737 MAX jetliners after two fatal crashes.
H.I.G. Sued for Alleged Trade-Secret Theft
H.I.G. Capital has been sued by a translation company that claims the private-equity firm improperly gained access to its confidential financial information and trade secrets during a 2016 auction process.