Chipotle Wants Its Stock to Be More Affordable-for Employees

The burrito chain is planning a 50-for-1 stock-split to make its shares more accessible to workers-and hopefully retain more of them, CFO Jack Hartung says. 


 
Qualcomm's Smartphone Future Looks Brighter With AI

AI-enabled smartphones and PCs should help the maker of wireless chips, which remains among the cheapest in semiconductor stocks. 


 
Howard Schultz Urges Starbucks to Fix its U.S. Business

The former CEO calls for a "focus on customer experience" in a LinkedIn post after the company's earnings miss. 


 
EQT to Buy U.S. Digital Consultancy Perficient for $3 Billion

Swedish private-equity firm EQT said it will pay $76 a share, a 58% premium to Perficient's closing price on Friday. 


 
Steward Health, Nation's Largest Physician-Owned Hospital Operator, Files for Bankruptcy

Steward Health Care System, the largest U.S. physician-owned hospital operator, on Monday morning filed for chapter 11 protection, marking one of the biggest hospital bankruptcies in decades. 


 
Qantas to Pay Civil Penalty for Selling Tickets on Canceled Flights

Australia's major airline will pay a civil penalty of $66.1 million to resolve court proceedings with a regulator which alleged the airline had advertised tickets for more than 8,000 flights it had already canceled. 


 
Singtel Taps Head of Australia's Broadband Operator for Optus

Singapore Telecommunications has appointed Stephen Rue to lead its Australian telecom operations as part of efforts to rebuild the unit's reputation, which suffered because of a network outage that affected millions of its customers. 


 
Westpac's First-Half Profit Falls, Lifts Buyback

The Australian bank said its first-half net profit fell by 16%, but it would return more capital to shareholders through an increased dividend and bigger share buyback. 


 
Boeing's Big Space Test: Using Starliner to Ferry NASA Astronauts

The spacecraft is set to take a crewed flight to the International Space Station after years of delays and falling behind SpaceX. 


 
ABC News President Kim Godwin Is Stepping Down

Godwin's move came months after a corporate restructuring that effectively stripped away much of her management autonomy.


(END) Dow Jones Newswires

05-06-24 0715ET