Wendy's Shares Jump 17% on Potential Trian Deal 
 

The fast-food chain's largest shareholder said it is weighing possible transactions to acquire control of the company.

 
Intuit Shares Gain as Earnings and Outlook Top Street Estimates 
 

The tax and accounting software company's strong results come economic pressures that are weighing on the company's many small business customers.

 
Lyft to Pause Hiring and Trim Budgets, Citing Economic Slowdown 
 

President John Zimmer announced the measures to staff Tuesday.

 
Nordstrom Shares Soar After It Lifts Forecast. Shoppers Are Buying Dress Clothes Again. 
 

It is a sign the retailer's upscale customers are less affected by inflation than more mainstream shoppers.

 
Walmart Apologizes for Juneteenth Products After Social-Media Backlash 
 

The retailer said it may remove some Juneteenth-related products from store shelves after a wave of social-media backlash that accused Walmart of inappropriately commercializing the holiday.

 
Glencore Reaches Settlements With U.S., U.K., Brazil on Bribery, Market Manipulation 
 

The Anglo-Swiss commodities company says it will pay at least $1.2 billion and two of its business units will plead guilty.

 
Snap's Gloomy Forecast Prompts Debate Over Trouble for Broader Advertising Market 
 

Some analysts say the company's weaker outlook suggests macroeconomic pressures on ad spending, while others say Snap had aggressive expectations.

 
Zoom Still Needs the Little People 
 

The tech company is scrambling to build up a more stable base of business customers. That focus should pay off as long as the still-important consumer side doesn't melt away too quickly.

 
U.K. Regulator Fines KPMG Over Shortfalls in Rolls-Royce Audit 
 

The Financial Reporting Council said it imposed sanctions of GBP3.4 million-equivalent to $4.2 million-against the professional-services firm and GBP112,500 against audit partner Anthony Sykes.

 
Visa CEO says retail sector remains healthy thanks to big spenders: 'We're just not seeing these negative impacts' 
 

Visa says it's seeing healthy spending trends, buoyed by pent-up demand for activities outside the home and resurgent activity by affluent cardholders.

(END) Dow Jones Newswires

May 24, 2022 19:15 ET (23:15 GMT)