News Highlights: Top Company News of the Day
June 28 2022 - 7:15AM
Dow Jones News
Musk Has Twitter's Data, but Getting Answers on Spam Accounts May Be Tougher
Elon Musk has access to the Twitter data that he said was needed
to complete his deal, but data scientists and specialists doubt the
stream will provide the conclusive answers he seeks about phony
accounts.
EY Paying $100 Million to Settle Probe of Auditors Cheating on Ethics Exams
Ernst & Young agreed to pay a record $100 million fine and
to admit that some of its auditors cheated on required ethics exams
in recent years.
Steelmakers Avoid Russian Components but Bargain Hunters Swoop In
Many European steelmakers have said they would avoid
Russia-sourced raw materials, but import volumes of some Russian
steelmaking ingredients into Europe are surging anyway.
Toshiba Shareholders Vote to Add Activist Investors to Board
Toshiba shareholders approved the company's proposal to invite
representatives from two foreign activist funds onto its board, a
move which may help speed the transition of the troubled industrial
conglomerate.
BHP Expects to Spend $4 Billion on Emissions Reduction Through 2030
BHP Group Ltd. expects to spend roughly $4 billion on cutting
its greenhouse gas emissions through to 2030, at the top end of
earlier estimates by the company.
Thai Life Insurance Seeks to Raise More Than $1 Billion in IPO
Thai Life Insurance Co. plans to raise more than $1 billion
through an initial public offering in Thailand, which if successful
would be the country's largest such fundraising so far this
year.
JetBlue Again Raises Offer to Buy Spirit Airlines
Budget carrier Spirit has been in the middle of a bidding war
between JetBlue and Frontier, and the intensity has picked up in
the final days before a shareholder vote.
Nike Posts Flat Sales, Jump in Inventories
Declining revenues in North America and China offset gains in
Europe. The results were better than Wall Street analysts had
predicted.
Former Toys 'R' Us Directors to Face Bankruptcy Trial Over Liquidation
A bankruptcy judge ordered former Toys "R" Us directors and
officers to face trial on allegations stemming from an attempted
chapter 11 restructuring that left suppliers with more than $600
million in unpaid bills.
Volkswagen Nears Deal to Sell Stake in Electrify America to Siemens
The transaction would value the electric-vehicle charging
business at more than $2 billion.
(END) Dow Jones Newswires
June 28, 2022 07:00 ET (11:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.