FTC Sues to Block $8.5 Billion Deal to Combine Makers of Coach, Michael Kors 

The Federal Trade Commission said the merger would give the combined firm too much power in the market for accessible luxury satchels.

SAP Stock Rises. Revenue Edged Estimates, but Earnings Missed. 

The German enterprise software giant's results were a smidgen ahead of Wall Street's expectations.

Hackers Broke Into Change Healthcare's Systems Days Before Cyberattack 

The hackers who attacked UnitedHealth Group's Change Healthcare unit were in the company's networks for more than a week before they launched a ransomware strike that has crippled vital parts of the U.S. healthcare system since February.

Honda, Canada on Verge of Deal to Build EV-Assembly Plant in Ontario 

Honda Motor is nearing a deal to assemble EVs and components in Canada, with the government agreeing to partly offset the Japanese auto maker's capital costs through recently unveiled tax breaks.

Disney Technology Chief Departs 

Aaron LaBerge will become chief technology officer of Penn Entertainment.

Tesla, Li Auto Cut Prices in China as EV Competition Heats Up 

The price cuts came as sales of electric and hybrid vehicles in China surpassed those of traditional cars for the first time.

Verizon Communications Results Lifted by Price Hikes 

Verizon Communications' revenue was up slightly in the first quarter as the company lost fewer postpaid phone connections than expected and benefited from higher prices for its plans.

Kroger, Albertsons to Sell More Stores, Looking to Appease Regulators 

Kroger and Albertsons have agreed to sell over 160 additional stores in a divestiture package, a bid to appease competition regulators and close their long-pending merger.

Salesforce's Talks to Buy Informatica Fizzle 

The deal for the data-management software firm would have ranked among Salesforce's largest.

Vista Outdoor Shares Rise After It Tells MNC Capital to Raise Offer 

Vista says MNC's current proposal isn't superior to its agreement with Czech defense company CSG.

(END) Dow Jones Newswires

04-22-24 1915ET