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.

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.

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.

Airlines Fight Back Against Fee-Disclosure Rule 

The Transportation Department says its rule, requiring added disclosure of baggage and flight-change fees, helps consumers avoid overpaying for surprise charges.

Bumble Is Removing Anti-Celibacy Ads Following Backlash 

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

Kraft Heinz Explores Sale of Oscar Mayer 

The famed hot-dog business could fetch between $3 billion and $5 billion.

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.

Squarespace Intends to Go Private in $6.6 Billion Permira Takeover 

The website-development company said its shareholders will receive $44 a share in cash, a 15% premium to Friday's closing price.

(END) Dow Jones Newswires

05-13-24 2315ET