Starbucks to Sell Juice Brand as Coffee Chain Focuses On Its Stores

Interim CEO Howard Schultz directs investment to the company's cafes and baristas as Bolthouse agrees to acquire the Evolution Fresh line of juices. 


 
McDonald's Poised to Retain Both Seats in Proxy Fight With Icahn

Activist investor Carl Icahn had challenged the fast-food chain over its suppliers' treatment of animals. 


 
Wendy's Largest Shareholder Explores Burger-Chain Deal

Trian Fund Management said it is weighing possible transactions to acquire control of the company. 


 
Intuit Shares Gain as Earnings and Outlook Top Street Estimates

The tax and accounting software company's strong results come amid economic pressures that are weighing on the company's many small business customers. 


 
Lyft to Pause Some Hiring and Trim Budgets, Citing Economic Slowdown

President John Zimmer announced the measures to staff Tuesday. 


 
Nordstrom Shares Soar After It Lifts Forecast. Shoppers Are Buying Dress Clothes Again.

It is a sign the retailer's upscale customers are less affected by inflation than more mainstream shoppers. 


 
Walmart Apologizes for Juneteenth Products After Social-Media Backlash

The retailer said it may remove some Juneteenth-related products from store shelves after a wave of social-media backlash that accused Walmart of inappropriately commercializing the holiday. 


 
Snap's Gloomy Forecast Prompts Debate Over Trouble for Broader Advertising Market

Some analysts say the company's weaker outlook suggests macroeconomic pressures on ad spending, while others say Snap had aggressive expectations. 


 
Zoom Still Needs the Little People

The tech company is scrambling to build up a more stable base of business customers. That focus should pay off as long as the still-important consumer side doesn't melt away too quickly. 


 
U.K. Regulator Fines KPMG Over Shortfalls in Rolls-Royce Audit

The Financial Reporting Council said it imposed sanctions of GBP3.4 million-equivalent to $4.2 million-against the professional-services firm and GBP112,500 against audit partner Anthony Sykes.


(END) Dow Jones Newswires

05-24-22 2115ET