Delta's stock jumps, as accelerating business-travel demand fuels record revenue

Delta Air Lines' stock flew toward a three-year high Wednesday, after the air carrier reported a first-quarter profit beat - and record revenue - fueled by accelerating business-travel demand. 


 
Roblox Users Battle Tornadoes and Raise Pets. Will They Watch Ads, Too?

The online-entertainment company is hiring ad-tech player PubMatic to help juice sales of new video ads displayed on virtual billboards. 


 
Lands' End's Plan to Get Back in the Black: Fewer Discounts, Updated Styles

Lands' End is on track to swing to an annual profit for the first time in three years, following a pandemic slump, by nudging customers who love a good discount to pay full price. 


 
Chinese EV Maker XPeng Makes Inroads in Hong Kong, Macau

Chinese electric-vehicle maker XPeng is gearing up to sell its cars in Hong Kong and Macau, part of efforts to expand beyond the overcrowded market in mainland China. 


 
Jack Ma Praises Alibaba's Leadership, Restructuring

The Alibaba co-founder praised the company's leadership and the ongoing restructuring in a memo to employees, a rare move for the billionaire since stepping away from the spotlight in recent years. 


 
Tesla Stock Rides the Power of Tweets From Elon Musk

Tesla stock rose for a second consecutive session Tuesday as investors digested a tweet from CEO Elon Musk about the electric-vehicle company's coming robotaxi. 


 
Philips Reaches Final Pact With U.S. Govt. on Ventilator Recall

Philips said it reached a final agreement with the U.S. Justice Department and Food and Drug Administration on terms of a settlement related its Respironics ventilators, and backed its medium-term guidance. 


 
Tesco Launches Share Buyback, Expects Higher Profit

Tesco launched a $1.27 billion share buyback and said it expects profit to rise in the year ahead, signaling improving consumer demand as inflation tapers off. 


 
Intel Says New Gaudi 3 AI Chips Top Nvidia H100s in Speed and Cost

The Gaudi 3 artificial-intelligence accelerator chip, is "highly competitive" with Nvidia's recently unveiled Blackwell class GPUs, says Intel. 


 
Esprit in Talks With Private-Equity Firm for Potential Investments

The fashion retailer said the potential investor has expressed interest in a possible partnership.


(END) Dow Jones Newswires

04-10-24 0915ET