Zoom Sales Growth Slows as Pandemic Boom Wanes 
 

The videoconferencing company said sales rose 12% in its first quarter, the slowest growth rate on record, but it raised the profit outlook for the year.

 
Snap Issues Profit Warning on Economic Conditions Including Inflation 
 

Shares in the social-media company fell sharply in after-hours trading after it issued the profit warning.

 
Airbnb to Quit China Business Amid Lockdowns, Competition 
 

The home-sharing company plans to shut its domestic operations in the country, but continue to serve Chinese travelers booking overseas properties.

 
Broadcom Weighs Paying $60 Billion for VMware 
 

The chip maker is in talks to pay around $140 a share for the software company, people familiar with the matter said. The companies aim to announce the cash-and-stock deal Thursday.

 
Zuckerberg Is Sued by D.C. Attorney General 
 

The case marks the second time Washington, D.C.'s Karl Racine has pursued legal action against the Facebook founder over practices that led to the Cambridge Analytica data breach.

 
China's HNA Found to Owe $185 Million Over Bankrupt Manhattan Skyscraper 
 

The Chinese conglomerate must pay its former business partner SL Green about $185 million in a dispute over a bankrupt Manhattan skyscraper, an arbitrator said.

 
SEC Fines BNY Mellon Over ESG Claims 
 

The Securities and Exchange Commission fined the investment management arm of Bank of New York Mellon Corp. $1.5 million for misleading claims it made about funds that use environmental and social criteria to pick stocks.

 
Smallpox Vaccine Enters Wider Production Amid Monkeypox Outbreak 
 

Bavarian Nordic has fielded requests from dozens of countries seeking the shot, CEO Paul Chaplin says.

 
Siemens Energy Picks a Good Time to Take Wind Turbines Private 
 

The German energy company has made a long-awaited offer for the minority shares in its embattled subsidiary Siemens Gamesa Renewable Energy.

 
Starbucks to Exit From Russia 
 

The coffee chain said it and its licensee would permanently wind down operations in its 130 stores and would continue to pay nearly 2,000 employees in Russia for six months.

(END) Dow Jones Newswires

May 23, 2022 21:15 ET (01:15 GMT)