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. 


 
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. 


 
Nordstrom Family Weighs Taking Retailer Private

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


 
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. 


 
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 


 
Apple Pitches Its $3,500 Vision Pro Headset to Businesses. Will It Catch On?

Retailer Lowe's and software developer SAP are among the companies the tech giant is touting as proof of the device's usefulness to businesses. 


 
Nvidia's Biggest Manufacturer Doubles Down on AI

TSMC, the world's biggest contract chip maker, is reshaping its business to respond to booming AI-related demand, but capacity is "still not enough." 


 
Ericsson Lays Off More Than 200 Employees in China

Ericsson has laid off 240 employees in China, part of a restructuring in the country that will affect one of its largest research hubs globally. 


 
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.


(END) Dow Jones Newswires

04-18-24 1715ET