HSBC CEO Noel Quinn Is Stepping Down

HSBC's board has started searching for a successor and is considering candidates inside and outside the bank, it said. 


 
Goldman in Talks to Unload GM Credit-Card Partnership to Barclays

The deal including roughly $2 billion of card balances could be struck by summer. 


 
Samsung's Net Profit Quadruples as Chip Business Rebounds

The South Korean tech giant's flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom. 


 
Microsoft to Invest $1.7 Billion in AI Infrastructure in Indonesia

The U.S. tech giant said the investment will build on plans to build the company's first data center region in Indonesia and mark its single biggest investment in Southeast Asia's largest economy. 


 
Stellantis Sales Fall Short of Expectations

Stellantis backed its full-year guidance despite revenue falling in the first quarter on lower sales volumes and as it prepared to launch new models. 


 
Lufthansa Expects Second-Half Improvement

Lufthansa said it expects an improvement in its second-half operating result, with capacity seen at more than 95% of prepandemic levels in the third quarter, but cautioned that unit revenue will fall in the next three months. 


 
China Vanke Shares Slump After Soft Results

The property developer's shares slumped after it posted soft first-quarter results amid continuing pressure in China's property sector. 


 
McDonald's Supersizes China Bet as Corporate America Pulls Back

The fast-food chain aims to nearly double restaurants in the country after spending $1.8 billion to buy back a bigger stake in the company's business there. 


 
AMD Earnings Will Be More About the Future Than the Present

Wall Street expects the chip maker to post revenue of $5.48 billion, up 2% from a year ao, with profit of 62 cents a share. 


 
How Bob Bakish, the Anti-Mogul CEO, Struggled to Rescue Paramount

The company veteran stepped down Monday with Paramount in the midst of a merger drama.


(END) Dow Jones Newswires

04-30-24 0315ET