AT&T Gets a Do-Over 
 

The telecom giant's media retreat will pare debt and focus spending on competition with a newly empowered T-Mobile.

 
Former Brooks Brothers Owner Sued for Deciding to 'Roll the Dice' on Bankruptcy 
 

A Brooks Brothers part-owner that lost $100 million when the menswear retailer went bankrupt last year sued its former controlling Del Vecchio family for allegedly ignoring potential deals that could have warded off chapter 11.

 
TV Deal Maker Behind 'Fixer Upper' Will Be HBO's New Overseer 
 

Discovery CEO David Zaslav will head a new venture formed by his company's merger with AT&T's WarnerMedia, as he seeks to build a streaming juggernaut aiming to take a bite out of Netflix and Disney+.

 
Walmart Sales Rise at Slower Rate as Pandemic Wanes 
 

The retail giant said comparable sales rose 6% in the spring quarter compared with the same period last year. U.S. e-commerce sales rose 37%, the slowest online growth since the coronavirus outbreak.

 
Deutsche Bank Picks U.S. General Counsel to Head Anti-Financial Crime Unit 
 

Joe Salama will split his time between Frankfurt and the U.S., as the bank tries to keep a close relationship with U.S. authorities.

 
Bill Gates Transfers $850 Million in Deere Shares to Melinda French Gates 
 

The billionaire has disclosed more than $3 billion in stock transfers since the couple filed for divorce on May 3.

 
Home Depot Sales Surge, Extending Growth During Pandemic 
 

The home-improvement retailer's same-store sales rose 31% in latest quarter as growth in demand that began with the pandemic continued into 2021.

 
Bank of America to Raise U.S. Minimum Hourly Wage to $25 by 2025 
 

Just over one year after raising its U.S. minimum wage to $20 an hour, Bank of America said it plans to raise its hourly minimum to $25 by 2025.

 
JPMorgan Puts CEO Contenders in Charge of Consumer Operation 
 

JPMorgan Chase is putting two of the contenders vying to succeed CEO Jamie Dimon in charge of its consumer-banking operation, further cementing them as front-runners to lead the U.S.'s biggest bank.

 
Walmart Gets Back to Basics 
 

Investors may need to see a couple more quarters of unquestionable market share gains in the grocery aisles before Walmart can close its valuation gap with some peers.

(END) Dow Jones Newswires

May 18, 2021 19:15 ET (23:15 GMT)