Apple Ends Quest to Build Its Own Electric Vehicle

The company plans to shift some car-project employees to artificial intelligence work. 


 
EBay's stock is on the upswing after strong results and guidance, dividend hike

EBay Inc.'s stock was up 5.5% in extended trading Tuesday after the online marketplace delivered quarterly results that topped analysts' estimates and issued stout guidance, assuaging for now concerns over its short-term business prospects. 


 
U.S. Opens UnitedHealth Antitrust Probe

Investigators from the Justice Department have been interviewing industry officials who compete with the healthcare giant. 


 
Sony Interactive Lays Off 900 PlayStation Workers. It's a Tough Time for Videogames.

The news comes after the videogame maker said its PS5 unit sales for this year would come in lower than expected. 


 
Bud Light Missed Out on the Super Bowl Party

Modelo Especial won the big game with 8.7% of all beer sold in U.S. retail stores in the week before and the week after the Super Bowl. 


 
Beyond Meat Stock Jumps as Revenue Tops Expectations

For the last three months of 2023, the plant-based meat company reported $155 million in net losses, or $2.40 per share, on $73.7 million in net revenue. 


 
Bumble to Reduce Workforce by 350 Roles

Online dating company said it expects to incur between about $20 million and $25 million of one-time charges tied to the layoffs. 


 
Macy's to Close 150 Stores, Puts San Francisco Flagship Up for Sale

The retailer will focus on upgrading its remaining locations and opening smaller versions of its namesake chain. 


 
AutoZone Stock Is Rising. Earnings Are Strong.

Auto-parts retailer AutoZone blew past earnings estimates for the fiscal second quarter. 


 
OpenAI Moves to Dismiss New York Times Suit, Alleging 'Hack'

In part, OpenAI said that certain allegations against it were more than three years old and the company didn't have actual knowledge of the specific acts of alleged infringements.


(END) Dow Jones Newswires

02-27-24 1715ET