Adani to Buy Holcim's India Cement Business in $10.5 Billion Deal 
 

Adani Group has agreed to buy Holcim's cement business in India, in a $10.5 billion deal that is biggest ever acquisition in the country's infrastructure and materials industry.

 
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices 
 

The Saudi oil giant said its net income rose 80% in the first quarter of this year, as state-owned oil giants reap profits from an energy-price boom caused by Russia's invasion of Ukraine.

 
Brambles Mulls Options Amid Takeover Talks With CVC Capital 
 

Brambles said it was in preliminary talks with CVC Capital Partners over a potential proposal for the pallet supplier.

 
Plains All American to Settle Class-Action Suit Over 2015 California Pipeline Spill 
 

The owner of an oil pipeline that caused a 4-mile-long spill along a California beach in 2015 has agreed to pay $230 million to settle a class-action lawsuit brought by fishermen and property owners, according to attorneys and court documents.

 
Walmart Anticipates a Store Manager Shortage Despite $200,000-a-Year Pay 
 

Many managers leading the company's roughly 4,700 U.S. stores have been in their roles for at least a decade, and Walmart executives say they need to find a new generation to replace them.

 
Behind Fake-Account Issue That Musk Cited in Calling Twitter Deal 'On Hold' 
 

Social media has grappled with phony accounts for years, raising questions about why Tesla CEO Elon Musk is talking about them again now.

 
CEO Pay Packages Rose to $14.7 Million in 2021, a New High 
 

Stock awards pushed median compensation to a sixth-straight record, and nine CEOs got packages of $50 million or more.

 
Ford Unloads More Shares of Electric-Vehicle Startup Rivian 
 

Ford sold 7 million Rivian shares at a price of $26.88, the company says. That followed an 8-million-share sale earlier in the week at about the same price.

 
Chinese Wind-Turbine Companies Seek Global Growth as Western Rivals Struggle 
 

Companies such as Ming Yang and Goldwind are expanding internationally as GE, Vestas face headwinds due to rising materials costs and supply-chain bottlenecks.

 
Netflix to Employees: If You Don't Like Our Content, You Can Quit 
 

The streaming giant added a new "artistic expression" section in its first update to its corporate culture guidelines since 2017.

(END) Dow Jones Newswires

May 16, 2022 01:15 ET (05:15 GMT)