News Highlights: Top Company News of the Day
June 28 2022 - 3:15PM
Dow Jones News
Whole Foods to Focus on Price as Pandemic Eases, Incoming CEO Says
The grocer is considering changes as inflation alters the way
consumers shop, notes Jason Buechel, who will succeed co-founder
John Mackey.
JetBlue, Frontier Fight for Spirit Shareholders Ahead of Vote
Spirit rebuts the latest JetBlue offer, and proxy-advisory firm
ISS says it is reluctant to change its Frontier recommendation so
close to a vote.
Airbnb Makes Its Ban on Parties Permanent
The home-rental platform temporarily banned parties in 2020
after a series of violent incidents occurred at gatherings held at
Airbnb-listed properties.
European Cloud Restrictions Could Limit U.S. Providers' Reach
European cybersecurity authorities are drafting a new
certification system for cloud services that could limit the amount
of critical data held by American providers.
Databricks to Move Signature Data-Storage Technology Upgrades to Open Source
Data-analytics company Databricks plans to switch to open source
all of the capabilities and upgrades it has made to Delta Lake, its
flagship cloud-based data-storage technology, essentially giving
them away online free.
Credit Suisse Eyes Cost Cuts to Stabilize Embattled Bank
The Swiss bank plans to cut technology expenditure to spend more
targeting ultrarich customers, in its latest effort to stabilize an
operation hobbled by scandals and missteps.
Juul Says FDA Mishandled Its E-Cigarette Application
In court filings, the e-cigarette maker says the FDA overlooked
more than 6,000 pages of data the company had submitted on the
aerosols that users inhale.
Volkswagen Sells Stake in Electrify America to Siemens
The German auto maker has agreed to sell a minority stake in its
U.S. electric-vehicle charging business to Siemens-a transaction
that provides $450 million in new money and values the charging
network at $2.45 billion, the companies said.
Walgreens Drops Plans to Shed Boots, No7 Beauty After Bids Fall Short
The big pharmacy chain says it will keep its Boots and No7
Beauty businesses after failing to receive adequate bids for the
units amid a slump in financing markets.
Meta, TikTok Could Face Civil Liability for Addicting Children in California
Social-media companies are lobbying to stop a
first-in-the-nation proposal allowing government attorneys to sue
them for features alleged to cause addiction among minors.
(END) Dow Jones Newswires
June 28, 2022 15:00 ET (19:00 GMT)
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