News Highlights: Top Company News of the Day
May 18 2022 - 7:15AM
Dow Jones News
Target Earnings Squeezed by Inflation, Fuel Costs
Retailer posts profit trailing Wall Street forecasts as shoppers
buy fewer TVs and kitchen items.
Elon Musk's Twitter Bot Problem Is Fake News
Musk's new Twitter diligence is as questionable as the bots he
wants to ban. But his gambit has shined a light on a scourge of
online companies and their users.
Tencent Profit Halves as Revenue Hit by China's Pandemic Resurgence
Tencent Holdings Ltd.'s revenue growth in the first quarter
slowed to its weakest pace in nearly two decades, as China's
pandemic resurgence hit the Chinese social-media and videogame
behemoth.
Siemens Energy Mulls Buyout of Gamesa
Siemens Energy said it was considering a cash tender offer for
all outstanding shares of Gamesa with the aim of delisting the
wind-turbine maker.
Cerebral Board Members Agree to Replace CEO
The directors agreed on a plan to replace Chief Executive Kyle
Robertson, sparking leadership tumult at the mental-health startup
as it contends with scrutiny over its prescription practices for
controlled substances.
Apple Pauses Plans for Three Days a Week in the Office
The iPhone maker had been gradually increasing the number of
days in the office as it rolled out its hybrid work plans.
U.S. Allows Chevron to Maintain Venezuela Operations but Won't Permit Drilling
A license extension, which allows the oil company to negotiate
future business, seeks to encourage talks between the Maduro
government and the opposition.
JPMorgan Shareholders Reject Jamie Dimon's $50 Million Bonus
Only 31% of shareholders voted in favor of the bank's
compensation plan, but the vote isn't binding.
JD.com's Hong Kong Shares Fall as China Lockdowns Weigh on Outlook
Shares of e-commerce company JD.com fell in early Asian trade
after analysts cut target prices amid guidance for softer
second-quarter demand, largely due to the effects of
pandemic-related lockdowns in China.
Fortescue Founder Forrest to Retake Control of Iron-Ore Operations
Fortescue Metals Group's founder Andrew Forrest will retake
control of the mining group's iron-ore business when Chief
Executive Elizabeth Gaines steps down in August.
(END) Dow Jones Newswires
May 18, 2022 07:00 ET (11:00 GMT)
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