News Highlights: Top Company News of the Day
July 01 2022 - 11:30AM
Dow Jones News
Airbus Wins First Major China Jet Order Since Before Pandemic
China placed a large order on behalf of three of its biggest
airlines for close to 300 jets from Airbus, the first major
commitment from China to new planes since before the onset of the
pandemic.
GM Says Unfinished Cars to Hurt Quarterly Results
General Motors said it built about 95,000 vehicles without
certain semiconductors and other parts and had to set the cars
aside instead of shipping them to dealers, weighing on its
second-quarter results.
Kohl's Scraps Talks for Sale to Franchise Group
Kohl's has called off its sale to Franchise Group amid rising
interest rates and an uncertain retail environment.
Airlines Prepare for a Busy July 4th Weekend of Travel
The number of people flying this weekend is expected to be 1.5%
higher than last year, and the industry is bracing for a
potentially challenging holiday.
Bed Bath & Beyond Burns Through Cash Reserves
As it searches for a new CEO, the retailer is working with
financial advisers and looking to sell Buybuy Baby.
Health-Insurance Providers Begin Publishing Prices for Medical Care
Insurers and employers began publicly posting the prices they
pay for healthcare services ranging from doctor visits to lab
tests, hugely expanding a federally mandated effort to unveil the
long-secret rates.
Airbnb's British Invasion Faces Potential Backlash
Government rules could temper recent growth in short-term rental
supply.
Atlantic City Casino Workers Reach Labor Pacts With Caesars, MGM
The deals avoid strikes at the Borgata, Harrah's and other
properties while talks continue at Hard Rock to avoid a walkout as
the union seeks higher wages.
Siemens Writedown on Energy Stake to Hit Earnings
Siemens warned it could see a non-cash impairment of about
EUR2.8 billion on its net income in the third quarter due to its
investment in Siemens Energy.
Sodexo Backs Guidance After Sales Rise
Sodexo posted a strong rise in third-quarter revenue to EUR5.5
billion, helped by positive currency impacts, and maintained its
financial growth targets for the year.
(END) Dow Jones Newswires
July 01, 2022 11:15 ET (15:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.