Germany's Uniper Reports Heavy Loss Over Russian Gas-Supply Cuts

The country's largest Russian-gas importer posted a net loss of more than $12.6 billion for the first half of the year, hit hard after Moscow slashed deliveries to Germany from June.

 
Target's Profit Drops as It Unloads Inventory

The retailer said it had to discount items to work through inventory, but maintained its full-year outlook on revenue growth given traffic gains and the overall strength of its shoppers.

 
Elliott Looms Over $16 Billion Philip Morris Deal

Philip Morris might have to raise its bid for Swedish Match to gain full ownership of the smokeless-tobacco maker, in what could prove to be the latest instance of a hedge-fund trade often linked to Elliott.

 
Lowe's Sales Drop as Homeowners Slow Discretionary Purchases

The home-improvement retailer said it has plans to dole out $55 million in bonuses to front-line workers to help mitigate the pinch they are feeling from rising prices.

 
Krispy Kreme Stock Is Tumbling. Earnings and Outlook Both Disappointed.

Donut maker Krispy Kreme missed expectations for the second quarter, and cut the year outlook.

 
Etsy Owns Its Quirks-Investors Should Too

The e-commerce company should continue to show resilience in an uninspired market.

 
Tencent Posts First Revenue Drop Since 2004 IPO

The Chinese social-media giant's revenue dropped 3% as a slowing economy further dented its online-ad revenue, while its videogame business continued to struggle from tighter regulations.

 
Elon Musk Tweets He's Buying Manchester United, Then Calls It a Joke

Elon Musk said on Twitter he was buying English soccer team Manchester United only to say hours later it was a joke, the latest example of the Tesla CEO's using the platform to drop confusing statements about his intentions.

 
Endo International Files for Bankruptcy to Weather Opioid Lawsuits

Endo International became the latest pharmaceutical company to file for bankruptcy under the weight of lawsuits alleging it played a role in fueling the opioid crisis.

 
Google Not Liable for Links to Defamatory Content, Top Australian Court Rules

The High Court of Australia ruled that the company can't be considered a publisher of defamatory material that can be accessed via a hyperlink in its search results.

(END) Dow Jones Newswires

August 17, 2022 11:15 ET (15:15 GMT)

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