Walmart to Lay Off and Relocate Workers

The retailer is cutting hundreds of corporate jobs and asking some staff to move to large corporate hubs. 


 
Uber to Acquire Delivery Hero's Foodpanda Business in Taiwan

Uber will also separately purchase $300 million in newly issued ordinary shares of Delivery Hero. 


 
Fisker Gets $3.5 Million in Funding From Short-Term Loan

The cash-strapped maker of electric vehicles secured about $3.5 million in additional financing via notes due next month. 


 
Sony to Adopt Dual-CEO Structure for Videogame Unit

The company said it would adopt a new leadership structure for its Sony Interactive Entertainment unit overseeing PlayStation, with two separate chief executives. 


 
PE Firm Everstone Capital Mulls IPO For Everlife

Singapore private-equity firm Everstone Capital is exploring an initial public offering of its Asian health services firm as plans to sell that business remain stuck. 


 
Alibaba Has Surged on China Growth Hopes. Earnings Could Derail the Rally.

The stock is down4% over the past year, but has jumped 19% over a month. Inflation data disclosed over the weekend gave it a lift. 


 
Grupo Aeroméxico Files for IPO

The Mexican airline said it would apply to list its ADSs on the New York Stock Exchange under the ticker AERO and had already applied to list shares on the Mexican Stock Exchange. 


 
Bumble Is Removing Anti-Celibacy Ads Following Backlash

The company was accused online of undermining daters' freedom of choice. 


 
Fund Manager Bill Hwang's Archegos Was a 'House of Cards,' Prosecutor Tells Jury

Hwang, on trial for fraud and racketeering related to his firm's meltdown, maintains his trading practices were lawful. 


 
OpenAI Launches Voice Assistant Inspired by Hollywood Vision of AI

The function is part of a faster, more capable version of the company's flagship artificial-intelligence model.


(END) Dow Jones Newswires

05-14-24 0115ET