Nike Cuts Fiscal-Year Guidance Amid Weak Growth Prospects

The shoe and apparel company now expects to end its fiscal year with revenue growth of about 1%, Finance Chief Matt Friend said. 


 
Big Media Deals Aren't Living Up to the Hype

The chiefs of Warner Bros. Discovery and Paramount met this week and discussed a potential merger. But results from such big deals over the past decade haven't been impressive. 


 
Elon Musk wants to create a 'giant brain' and financial platform on X

Musk spoke in a wide-ranging, 100-minute interview with Cathie Wood, chief executive of investment-management firm ARK Invest, on X's Spaces app Thursday. 


 
Bezos' Rocket Startup and Cerberus Compete to Buy SpaceX Rival

Blue Origin and Cerberus made buyout bids for a rocket-launch venture owned by Boeing and Lockheed Martin. 


 
IRS Offers Deal to Employers Who Regret Claiming Pandemic Tax Credit

The Internal Revenue Service will accept 80% repayment of the employee retention tax credit, or ERC, in exchange for amnesty from civil penalties. 


 
Energy Company Hess Agrees to Pay Up to $187 Million to Settle Asbestos Claims

With the deal, a bankrupt Hess subsidiary is on its way to exit chapter 11. 


 
Ultragenyx to Pay $6 Million to Settle Alleged False Medicare, Medicaid Claims

The Justice Department alleges Ultragenyx paid for free genetic tests for patients, and bought test results, to induce prescriptions of its drug Crysvita. 


 
U.K. Serious Fraud Office Must Pay Mining Company After Botched Corruption Probe

A court found the agency committed a 'serious breach' when it privately conferred with a lawyer representing ENRC. 


 
Carnival Stock Is Rising on Record Revenue and Strong Demand

The cruise line posts a better-than-expected fiscal fourth quarter, including highest-ever revenue for the period, and notes bookings are strong. 


 
CarMax Stock Is Soaring. Buybacks Resumed, and Earnings Beat.

Used-car retailer CarMax resumed stock repurchases after pausing for a year. Third-quarter earnings topped views, but sales came in light.


(END) Dow Jones Newswires

12-21-23 1915ET