IBM Nears Deal for Cloud-Software Provider 

The takeover could value HashiCorp at a premium to its market value of $4.9 billion.

GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings 

Pickup trucks and resilient consumer spending powered GM's 24% increase in quarterly profit, but China remains a trouble spot.

Gucci Owner Kering Expects Sharp Drop in Operating Profit After China Weighs on Sales 

Chairman and Chief Executive Francois-Henri Pinault said Kering's performance "worsened considerably in the first quarter."

Spotify Needs to Keep the Price Hits Coming 

The music streamer's market value has surged on the belief that its money-losing days are in the past.

Philip Morris Stock Climbs on Earnings Beat. Its Smokeless Strategy Is Working. 

The cigarette maker posted first quarter adjusted earnings of $1.50 a share, beating Wall Street's call for $1.41.

PulteGroup Stock Jumps on Earnings Beat. 'Shortage of Several Million Homes' Spurs Demand. 

New home sales were strong in March, reflecting demand as supply remains weak.

GE Aerospace Surges on Earnings. GE Vernova Gets a Bump, Too. 

GE Aerospace and GE Vernova just reported their last quarter together, and for the most part it was better than expected.

Lockheed Crushes Sales and Earnings Estimates. Growth Is Solid. 

The defense giant's first-quarter earnings of $6.39 a share top Wall Street forecasts of $5.78.

Virgin Galactic skyrockets 21%, stock on pace for biggest gain in 10 months 

Shares of Virgin Galactic have rallied after trading down on 13 of the past 17 days.

JetBlue Stock Tumbles After Earnings Report. Here's Why. 

The carrier posted a narrower-than-expected loss in the first quarter.

(END) Dow Jones Newswires

04-23-24 1515ET