News Highlights: Top Company News of the Day
September 29 2022 - 03:30AM
Dow Jones News
VW Prices Porsche IPO at Top of Range
Porsche's offering values the luxury car maker at about $73
billion, ranking it among the world's biggest ahead of German rival
Mercedes-Benz.
Chevron Sells Global Headquarters in California Amid Texas Expansion
The oil company closed the sale of its Chevron Park campus in
San Ramon, Calif., its global headquarters for two decades, and
plans to move into a nearby leased space about one-third of the
size.
Tesla Adds Airbnb Co-Founder Joe Gebbia to Board of Directors
The addition brings the electric-vehicle maker's board size back
to eight seats.
Tyson Overhauls Management as Meat Giant's Profits Are Pressured
As beef profit margins come off high levels, Tyson changes
executives heading finance, prepared foods and international
operations.
Smith & Wesson Sued by Families of Highland Park Shooting Victims
The civil lawsuits also name a gun retailer, gun dealer, the
accused shooter and his father
Amazon Raises Pay for Hourly Employees as It Prepares for Holidays
Average starting pay for warehouse employees to increase from
$18 to $19 an hour.
Next Lowers Guidance on Economic Outlook
Next cut its full-year profit target to GBP840 million, warning
that August trade was below its expectations and although it
improved in September, cost-of-living pressures set to rise in the
coming months.
H&M to Cut Costs as Russia Exit Hits Profits
H&M said it will look to cut costs of around SEK2 billion
after net profit in the third quarter fell sharply after the
retailer booked a one-time cost related to the winding down of its
Russian operations.
Chinese EV Maker Leapmotor Skids in Hong Kong Debut
Shares of Chinese electric-car maker Zhejiang Leapmotor
Technology slumped in their Hong Kong debut during a tough time for
public offerings.
Onewo Makes Weak Hong Kong Debut
Shares of property-services provider Onewo Inc. opened lower on
debut in Hong Kong, failing to give an initial pop, as investor
sentiment remained cautious in an uncertain market.
(END) Dow Jones Newswires
September 29, 2022 03:15 ET (07:15 GMT)
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