Cisco Stock Slides On a Weak Outlook. Layoffs Are Coming. 

The company is still dealing with a pile-up of customer inventory, leading to slower shipments of networking equipment.

Morgan Stanley Is Laying Off Several Hundred in Wealth-Management Division 

The Wall Street firm's plans to rein in costs under new Chief Executive Ted Pick will focus on a critical area.

Activist investor Trian assails Disney moves as 'spaghetti-against-the-wall plan' 

Nelson Peltz's Trian Fund Management, which is headed for a showdown with Walt Disney Co. at the company's annual shareholders meeting on April 3, upped the ante on Wednesday in a stinging letter that dismissed Disney's latest moves as a "spaghetti-against-the-wall plan."

Uber Put a Lot More Gas in its Tank 

The company announced new financial targets that point toward better-than-expected growth.

NYC Sues Social-Media Companies for Youth Mental-Health Effects 

Mayor Eric Adams announced that the suit against Meta Platforms, Alphabet, Snap and ByteDance was looking to force the companies to change their practices.

Kraft Heinz's stock sinks as consumers push back more against rising prices 

A reduction of SNAP benefits and a reaction to higher prices led to a third straight quarterly sales miss.

EssilorLuxottica Posts Higher Profit, Acceleration in Sales Growth 

The Franco-Italian eyewear company cited strong results from its optical business, although it said sunglass sales remained flat.

Lyft Shares Surge as Strong Earnings Report Offsets Typo Confusion 

Shares had risen more than 60% in off-hours trading after the company's release accidentally added an extra zero to a key number.

Self-Driving Car Company Waymo Issues First-Ever Recall After Two Phoenix Crashes 

The Alphabet-owned company said it needed to fix its software after two of its cars hit a pickup truck being towed.

KKR to Acquire a Stake in Cotiviti From Veritas Capital 

At an $11 billion valuation, the deal would be among the largest recent private-equity transactions.

(END) Dow Jones Newswires

02-14-24 1715ET