Microsoft Asks Hundreds of China-Based AI Staff to Consider Relocating Amid U.S.-China Tensions 

The request comes as the Biden administration toughens controls on China's access to cutting-edge American technology.

Deutsche Telekom Backs Guidance After Strong First Quarter 

Deutsche Telekom maintained its full-year guidance after it reported profits and core earnings for the first quarter above consensus, boosted by growth in core markets.

Siemens Cuts Digital Industries Outlook on China Weakness 

Siemens cut fiscal 2024 guidance for its closely watched digital industries unit, citing a slower-than-expected recovery in its China automation operations, but raised its forecast for the smart infrastructure division.

Japan's Biggest Insurer Plans to Go Big on Foreign Credit 

Nippon Life Insurance, the largest insurer in Japan by asset size, is planning to invest more in foreign credit markets, looking to diversify its portfolio even as key domestic yields hover at decade highs.

Aflac Is Buying a Stake in a Direct Lender, Getting a Piece of the Private Credit Boom 

The insurance giant is paying about $100 million to acquire a 40% stake in Tree Line Capital Partners.

IBM Selling Cloud Security Software to Palo Alto Networks in Broader Cyber Strategy Shift 

International Business Machines is selling its cloud-based QRadar cybersecurity software to Palo Alto Networks as the two technology companies deepen their partnership in jointly selling and developing artificial intelligence-powered security products.

Grab Raises Profitability Metric Forecast as Quarterly Loss Narrows 

The Southeast Asian ride-hailing and delivery specialist raised its full-year forecast for a key profitability metric, citing cost-cutting efforts and expansion in its core businesses that helped narrow its net loss in the first quarter.

Cisco Stock Jumps on Earnings. The Outlook Is Improving. 

The networking gear provider said that customers were now working through a glut of routers and switches.

Warren Buffett's Berkshire Reveals Its Mystery Stock: Chubb 

The Omaha, Neb., company began building a secret stock position in the second half of 2023.

Soros Fund Management dumps New York Community Bank stake 

Soros Fund Management eliminated its stake in New York Community Bank, a regulatory filing shows.

(END) Dow Jones Newswires

05-16-24 0315ET