Intel Prices IPO for Self-Driving Car Unit Mobileye
The offering raised $861 million by selling 41 million shares, valuing the unit at roughly $17 billion.
Google Agrees to Compliance Reforms in DOJ Settlement
The tech company will be monitored by a compliance professional after the Justice Department said Google lost data sought in a U.S. investigation.
Google Shares Fall as YouTube and Search Ads Take Hit
Google reported its fifth consecutive quarter of slowing sales growth as weakness in the economy continued to damp online advertising spending. Shares fell more than 6% in after-hours trading.
Microsoft Earnings Fall, Stock Slides as PC Demand and Strong Dollar Hurt Sales
A sharp decline in personal computer sales eroded demand for the software giant's Windows software, counteracting some of the demand for its cloud and other businesses serving companies.
SK Hynix Cuts 2023 Investment Plan After Weak Quarterly Results
SK Hynix plans to more than halve its investments next year after posting a sharp drop in third-quarter net profit on weak semiconductor demand and prices.
Chipotle's Price Increases Contribute to Sales Boost
The company is hoping to avoid further hikes and says broad consumer sentiment remains uncertain in the year ahead.
Warner Bros. Discovery Names Two Veterans to Lead DC Studios
James Gunn and Peter Safran will head the division that includes a stable of valuable superhero properties including Superman, Batman, Wonder Woman and Aquaman.
Metaverse Seems Poised to Spawn a New Economy, Says Activate CEO
Michael Wolf views the present as the time to invest in virtual worlds, he tells the WSJ Tech Live conference.
Hurricane Ian Claims Hit Profits of Chubb
The insurer benefited from strong pricing that offsets costs of the Florida storm.
Visa Posts Higher 4Q Revenue
Visa said its fiscal fourth-quarter revenue increased 19% on strong consumer payments and ongoing recovery in cross-border travel.
(END) Dow Jones Newswires
10-25-22 2115ET
