Amazon Tests TikTok-Like Feed in App 

The tech giant is testing a feature in its app that would show users a TikTok-style photo and video feed of products for shoppers to share with other users.

Germany's Uniper Reports Heavy Loss Over Russian Gas-Supply Cuts 

The country's largest Russian-gas importer posted a net loss of more than $12.6 billion for the first half of the year, hit hard after Moscow slashed deliveries to Germany from June.

Target's Profit Drops as It Unloads Inventory 

The retailer said it had to discount items to work through inventory, but maintained its full-year outlook on revenue growth.

Elliott Looms Over $16 Billion Philip Morris Deal 

Philip Morris might have to raise its bid for Swedish Match to gain full ownership of the smokeless-tobacco maker, in what could prove to be the latest instance of a hedge-fund trade often linked to Elliott.

Lowe's Earnings Show Drop in Sales as Do-It-Yourself Customers Spend Less 

The home-improvement retailer said it has plans to dole out $55 million in bonuses to front-line workers to help mitigate the pinch they are feeling from rising prices.

Crypto Lender Genesis Lays Off 20% of Workforce, CEO to Depart 

The moves come after the company was hit hard by the collapse of hedge fund Three Arrows Capital, against which it has a claim of $1.2 billion.

Krispy Kreme Stock Is Tumbling. Earnings and Outlook Both Disappointed. 

Donut maker Krispy Kreme missed expectations for the second quarter, and cut the year outlook.

Etsy Owns Its Quirks-Investors Should Too 

The e-commerce company should continue to show resilience in an uninspired market.

Tencent Posts First Revenue Drop Since 2004 IPO 

The Chinese social-media giant's revenue dropped 3% as a slowing economy further dented its online-ad revenue, while its videogame business continued to struggle from tighter regulations.

Elon Musk Tweets He's Buying Manchester United, Then Calls It a Joke 

Elon Musk said on Twitter he was buying English soccer team Manchester United only to say hours later it was a joke, the latest example of the Tesla CEO's using the platform to drop confusing statements about his intentions.


(END) Dow Jones Newswires

August 17, 2022 13:15 ET (17:15 GMT)

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