HP and HPE look to AI for future growth as legacy businesses cool

HP Inc. continues to navigate a tough economy, with all eyes on artificial intelligence and a PC rebound later in the year, and HPE posts "solid quarter." 


 
Ex-Coinbase Manager Settles SEC's Crypto Insider-Trading Claims

The deal ends a lawsuit closely watched for its focus on which digital assets are securities. 


 
Goldman Sachs Prepares Another Round of Layoffs Amid Deal Drought

The financial giant is readying cuts that will impact a range of employees, including managing directors and other senior executives, people familiar with the matter said. 


 
Sam Bankman-Fried Could Have Some Charges Dropped if Bahamas Objects

The Justice Department said it would drop some of the criminal charges against FTX founder Sam Bankman-Fried if the Bahamas says they violate the terms of his extradition to the U.S. 


 
Purdue's Sacklers Win Appeal, Regain Legal Shield Against Opioid Suits

An appeals court has reinstated a Purdue bankruptcy settlement protecting members of the wealthy Sackler family, who haven't personally filed for bankruptcy, from opioid litigation. 


 
Nestle Names New CFO

Nestle appointed Anna Manz from the London Stock Exchange Group to succeed Francois-Xavier Roger as chief financial officer after he decided to step down in pursuit of new professional challenges. 


 
Ron DeSantis, Disney Are Headed Into Untested Legal Waters

The competing lawsuits raise complex questions about the First Amendment's scope and constitutional protections of contracts, making it difficult to predict who will prevail. 


 
Your Favorite Book Won't Be Turned Into a TV Show Anytime Soon

Authors whose books are being adapted into movies and TV shows are the latest to be affected by the Writers Guild of America's strike. 


 
Once Mighty Intel Struggles to Escape 'Mud Hole'

Rivals such as Nvidia have left the chip company far behind. CEO Pat Gelsinger aims to reverse firm's fortunes by vastly expanding its factories. 


 
Amtrak's New $2 Billion High-Speed Acela Fleet Slowed by Century-Old Tracks

Alstom struggles to adjust as the company's railcars run on a route shared with freight and commuter trains.


(END) Dow Jones Newswires

05-30-23 2115ET