Huawei Revenue, Profitability Continue to Slide Amid U.S. Restrictions

Huawei Technologies' revenue fell 5.9% in the first half of the year compared with a year earlier, as U.S. restrictions continued to pressure its business.

 
Five U.S.-Listed Chinese Companies Seek to Delist From NYSE

Five U.S.-listed Chinese companies said they intend to delist their American depositary shares from the New York Stock Exchange, as U.S. and Chinese regulators remain at loggerheads over audit requirements.

 
For China's Chip Champion, the Easy Part Is Over

Semiconductor Manufacturing International Corp. was a beneficiary of the pandemic. Now it must contend with slowing demand and unstable politics.

 
J&J to Stop Selling Talc-Based Baby Powder Globally Next Year

The company had already stopped selling the product in the U.S. and Canada, citing a decline in customer demand amid safety concerns.

 
Meditation App Calm Lays Off 20% of Staff

Calm.com, maker of popular meditation and wellness app Calm, has laid off 20% of its staff, according to a memo sent by Chief Executive David Ko to employees.

 
Rivian's Losses Nearly Triple to $1.7 Billion

The electric-vehicle maker said its operating loss is expected to grow to $5.45 billion, from its previous projection of $4.75 billion for the full year, further pressuring the startup to conserve cash and move quickly to fill customer orders.

 
GSK, Sanofi, Haleon Comment on Zantac Lawsuits; Shares Rise

Shares in GSK, Sanofi and Haleon were higher in early trading, recouping some of the heavy losses of the past few days, after the companies responded to recent comments related to Zantac litigation in the U.S.

 
China's State-Owned Travel Retailer Returns With Slimmed Down IPO

China Tourism Group Duty Free is planning to raise around $2 billion from a Hong Kong initial public offering, returning to the market after pulling a deal at the end of last year.

 
Deutsche Telekom Nearing Majority Ownership of T-Mobile

The German company could launch a stock buyback once the threshold is reached.

 
Shell Working to Fix Leak That Halted Gulf Output

Shell halted activity at several of its offshore oil production platforms in the Gulf of Mexico due to leaky pipelines, but said it expects to have them fixed by Friday.

(END) Dow Jones Newswires

August 12, 2022 07:00 ET (11:00 GMT)

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