Micron delivers a big positive earnings surprise, sending its stock soaring

The memory-chip company swung to a surprise profit and vastly exceeded the consensus view with its outlook. 


 
Five Below Profit Hit by Shrinkage, Sees Impact Continuing This Year

Five Below logged a big jump in sales in the latest quarter amid a real estate expansion plan, but said its profitability was hit by higher-than-expected shrinkage, including theft. 


 
Chewy says pet business is 'recession resilient' as it swings to surprise profit

Chewy Inc. surprises Wall Street with a quarterly profit. 


 
Apollo Offers $11 Billion for Paramount's Studio

The bid comes as an independent committee of the company's directors is reviewing another offer from Skydance Media to merge with all of Paramount. 


 
Apple Faces Legal Protest From Meta, Microsoft, X and Match

Four tech companies object to Apple's new app store policies related to payment for services. 


 
Biden's EPA Gives Automakers More Leeway to Phase Out Gas-Engine Cars

The Biden administration enacted the strictest-ever rules for tailpipe emissions, while giving automakers more time to comply as the market for electric cars evolves. 


 
Intel Gets $8.5 Billion Award For U.S. Chip-Plant Construction

The government grant is the largest yet to come from the $53 billion Chips Act. 


 
TKO to Pay $335 Million to Settle Antitrust Suits Over Fighter Pay

TKO Group Holdings has struck a deal to pay $335 million to settle a pair of class-action lawsuits filed by former Ultimate Fighting Championship fighters over pay. 


 
Endo Wins Chapter 11 Plan Approval to Cut Debt, Resolve Opioid Lawsuits

Drugmaker Endo International said it won court approval for its bankruptcy plan to eliminate $5.5 billion in debt and resolve thousands of lawsuits related to its opioids and other products. 


 
Why Ben & Jerry's Will Keep Its Progressive Politics After Unilever Divorce

The ice-cream brand is set to be part of a new, stand-alone business after years of tension with its parent company.


(END) Dow Jones Newswires

03-20-24 1715ET