News Highlights: Top Company News of the Day
May 27 2022 - 05:30PM
Dow Jones News
SEC Confirms Probe Into Elon Musk's Disclosure of Twitter Stake
The agency is asking the Tesla CEO why he didn't make the
required filing within 10 days after his Twitter stake crossed the
5% threshold.
Analysis: Ulta May Top Raised Views
People are going out again, to offices, weddings and more, and
Ulta Beauty is looking pretty as more shoppers stock up on makeup
and keep up other beauty habits started during the pandemic.
Big Lots, Hibbett Become Latest Retailers to Show Inflation Pain
Big-box chain Big Lots and sporting-goods retailer Hibbett saw
double-digit sales declines as higher prices across the spectrum
dent shopper spending power.
Rivian Loses Manufacturing Executive
The departure comes as the electric-truck startup is under
pressure to overcome supply-chain problems that led the company to
lower its production forecast for the year.
EY Split-Up Plan Exposes Accounting-Firm Rift
Two rivals of Ernst & Young say they are not going along
with its idea to divide auditing and consulting businesses.
Enfamil Maker Shops Baby-Formula Unit Amid Shortage
Reckitt Benckiser is pushing ahead with a multibillion-dollar
sale of its infant-formula business as severe shortages scramble
the key U.S. market.
Coinbase Leaders Net $1.2 Billion in Share Sales
The haul taken by two co-founders and two executives contrasts
with the sharp decline in the shares since they became available to
the public last year.
The No-Nonsense Investor Behind SeaWorld's Sea Change
The once-beleaguered theme-park company's largest shareholder
and chairman, Scott Ross, has turned things around-sometimes using
a blunt approach.
'Top Gun: Maverick' Loses Chinese Investor
Tencent Holdings pulled out of financing the film over concerns
that Chinese officials would be angry about its affiliation with a
movie celebrating the American military.
Uber and Lyft's New Road: Fewer Drivers, Thrifty Riders and Jittery Investors
The companies are cutting costs, bringing back cheaper rides and
looking for new ways to woo drivers.
(END) Dow Jones Newswires
May 27, 2022 17:15 ET (21:15 GMT)
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