CarMax Shares Slump as Inflation Weighs on Used-Car Demand

The used-car retailer posted 2% sales growth on higher prices even as it sold fewer units.

 
Bed Bath & Beyond's Losses Widen as Sales Drop 28%

The company's net loss ballooned to $366 million, and gross margin declined to 27.7% of sales as it cleared inventory it was unable to sell at full price.

 
Peloton to Sell Equipment at Dick's Stores

Dick's is the first bricks-and-mortar retailer outside of Peloton to carry the equipment.

 
Brookfield Buys U.S. Renewable Developers for $1.5 Billion

The deals for Scout Clean Energy and Standard Solar will add a flood of cash into the renewable energy sector despite market volatility.

 
BlackRock Private Equity Founder Steenberg to Hand Off Management of Business

Russ Steenberg, who founded BlackRock Private Equity Partners in 1999, will become chairman and hand day-to-day oversight to Lynn Baranski and John Seeg.

 
Porsche Shares Rise Above IPO Price in Debut

Shares have been supported by investors who missed out in one of Europe's biggest initial public offerings.

 
Chinese EV Maker Leapmotor Flops in Hong Kong Market Debut

Leapmotor's shares tumble more than a third from their IPO price, while property-services firm Onewo also falls on its first trading day.

 
Shares of Chinese Developer CIFI Fall as Investors Lose Confidence

The property developer said severe challenges created by China's real-estate industry downturn and the pandemic have brought pressures to its operations and cash flow.

 
Investors Put a Price on Credit Suisse's Salvation

Can the bank's shares go even lower? The answer depends on how much capital it will need to raise to execute its turnaround plan.

 
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.

(END) Dow Jones Newswires

September 29, 2022 11:00 ET (15:00 GMT)

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