Netflix Password Crackdown Delivers Millions of New Customers

The streaming giant said it would continue to diversify its slate and product features as it added 9.33 million subscribers in the first quarter. 


 
Frontier Communications Parent Reports Cyber Breach

A breach detected on Sunday was possibly the work of a cybercrime group, the company says, adding that it is in the process of restoring normal business operations. 


 
Canada Targets 12 Foreign Grocers to Lure to Food-Retailing Market

Industry Minister François-Philippe Champagne has criticized Canada's three biggest grocery companies-Loblaw, Metro and Empire-for failing to be transparent on the causes of food inflation. 


 
Jabil Places CEO Kenneth S. Wilson on Paid Leave Pending Investigation

The electronics contract manufacturer said the conduct in question doesn't relate to or affect the its financial statements. The company named CFO Michael Dastoor as interim CEO. 


 
Nordstrom Family Weighs Taking Retailer Private

The department-store chain has formed a special board committee and tapped bankers to consider a potential bid. 


 
Meta Unveils Chatbot to Challenge ChatGPT, Gemini, and Bing

Instagram parent Meta launched a web site, Meta.ai, a new free-to-use stand-alone version of the company's Meta Ai chatbot to take on OpenAI, Google, and Microsoft. 


 
Micron to Get $6.1 Billion in CHIPS Act Funding for Plants in New York and Idaho

The new fab to be built near Syracuse, N.Y., could create 50,000 jobs, with production from it slated to start at the end of the decade. 


 
Wall Street Steered Billions to Blacklisted Chinese Companies, House Probe Finds

The investigation focused on BlackRock, the world's largest asset manager, and MSCI, a major compiler of stock indexes. Both firms say they violated no laws. 


 
Blackstone Says Private Equity's Two-Year 'Hibernation' Could Be Ending

Firm's first-quarter profit rises as dealmaking picks up after a roughly two-year slump. 


 
Alaska Air's stock up 1.6% after carrier's loss is narrower than expected

Alaska Air Group has received $162 million in initial cash comp from Boeing over window blowout


(END) Dow Jones Newswires

04-18-24 1915ET