Stocks Give Up an Early Gain; 10-Year Yield Hits 3 Percent

MISPRINT: Alphabet slid 4.6 percent to $1,024.89 after the company said ad revenue climbed, but expenses also rose. Google’s parent company benefited from strong digital ad sales as well as an accounting change. Scientific equipment maker Waters said sales to industrial customers decreased, and analysts were also disappointed with its sales to the pharmaceutical industry. The stock plunged 8.3 percent to $192.27. 3M, which makes Post-it notes and industrial coatings and ceramics, shed 6.9 percent to $201 after it cut its annual forecast. BONDS: Bond prices kept slipping. The yield…

Amazon Tries a New Delivery Spot: Your Car

The new in-car delivery service, which will be available in 37 cities and surrounding areas, is a variation of Amazon Key. For in-car delivery to work, customers must have a 2015 or later Chevrolet, Buick, GMC or Cadillac vehicle with an active account with OnStar, the roadside assistance and navigation service from General Motors. Car owners with 2015 or newer Volvos with a similar service, On Call, can also receive in-car deliveries from Amazon. Photo After dropping off the package inside, the courier can close the trunk and consider the…

DealBook Briefing: Surprisingly, Female C.E.O.s May Make as Much as Male Ones

ESL’s argument: Buyers offering “acceptable” prices for the businesses haven’t emerged, and Sears needs the cash for its self-help plan. Mr. Lampert, chairman and C.E.O. of Sears, would recuse himself from any board discussions over the bids, and a majority of Sears’s non-ESL shareholders would have to approve any plan. Critics’ argument: Mr. Lampert is trying to keep Sears’s best assets for himself if the company files for bankruptcy protection, a fate most of the retail world think is a given. “He has been taking productive assets out of the…

Ford Changed Leaders, Looking for a Lift. It’s Still Looking.

Just two years ago, Ford was cruising at high speed. Mr. Hackett’s predecessor, Mark Fields, guided the company to record earnings in 2015 — nearly $11 billion in pretax profit. Brimming with confidence, Mr. Fields approved several ambitious projects. He set off a hiring spree to stock up on software developers, engineers and other executives — talent that he believed Ford would need to compete as electric and self-driving cars reshape the auto industry. Ford laid out a billion-dollar plan to remake its Dearborn, Mich., locations into a high-tech, Silicon…

In Brexit, Economic Reality Competes With Nostalgia for Bygone Days

GRIMSBY, England — There aren’t a lot of fishermen left in this town in North East England, once home to one of the largest fleet of trawlers in Britain. But nostalgia for the fishing industry permeates the place. So the result seemed inevitable when 70 percent of residents voted to leave the European Union. Britain’s fishermen have complained for years about regulations imposed on all members. The surprise came later when a local business group began lobbying to avoid tariffs, customs and the other burdens of departing the European Union.…

Gender Pay Gap? Maybe Not in the Corner Office, a Study Shows

The authors of the study, Sandra Mortal, from the University of Alabama, and Vishal K. Gupta of the University of Mississippi (along with a researcher, Xiaohu Guo), called it a “welcome finding in today’s zeitgeist of gender equality.” That’s not to say the conclusion will be viewed positively. Last year, The Wall Street Journal wrote an article with the headline “Female CEOs Earn More Than Male Chief Executives.” It argued that female chief executives were being paid more than their male counterparts, with a median compensation level of $13.8 million,…

Halliburton Writes Off Remaining $312 Million Invested in Venezuela

Two Venezuelan employees of Chevron, a major partner of Pdvsa’s, were arrested last week after they refused to sign a contract. Christopher Weber, Halliburton’s chief financial officer, attributed the decision to write down company business in Venezuela to a variety of reasons, including the collapse of the Venezuelan currency and the worsening political climate. He also mentioned United States sanctions, which prohibit American investors or companies from buying or selling new Pdvsa debt. The Trump administration is expected to toughen those sanctions after Venezuela’s presidential election on May 20, possibly…

This Start-Up Says It Wants to Fight Poverty. A Food Stamp Giant Is Blocking It.

But in February, when Ms. LaBelle tried to check her food stamps balance, she got a message that access to her information was “currently unavailable to the residents of Maine.” That interruption, she said, lasted for nearly a month, in which she also lost the timesaving and meal-planning convenience of the app. Propel, Mr. Chen insisted, has tried to explain its business to state governments and to food stamp contractors. The Propel app is a digital “skin” that works on top of the websites of food stamp contractors, like Conduent.…

Richard Jenrette, 89, Wall St. Power and Preservationist, Dies

For his part, Mr. Jenrette believed that while big companies were quite profitable, their stocks had become so expensive as to suggest limited further gains. “We concocted something that was totally contrarian,” he recounted in his 1997 memoir, “Jenrette: The Contrarian Manager.” The firm built its business serving institutional clients by providing them with detailed research on small-capitalization stocks. At the time, at least in the early years, most Wall Street firms were still focusing on big stocks for individual investors. Institutions began showering D.L.J. with commissions at a time…

McIlhenny Co. Marks Its 150th Anniversary With Special Tabasco

Tabasco is not just one sauce. These days, there are green, sriracha and scorpion versions, among others. But the fanciest one on the list has just been introduced to celebrate the 150th anniversary of the McIlhenny Company, the producer based on Avery Island, La. Bottled with gold foil and packed in a box to suggest Champagne, it is made from specially selected peppers that are mashed with salt and aged for up to 15 years instead of the usual three, then mixed with sparkling wine vinegar, not the garden variety.…