News Highlights: Top Company News of the Day
October 04 2022 - 5:15AM
Dow Jones News
Samsung Kicks Advanced Chip-Making Race Into High Gear
The South Korean company's production targets for 2-nanometer
processes and below are similar to those of dominant rival
TSMC.
Cathie Wood's ARK Snaps Up Tesla After Stock Plunges on Deliveries Miss
Cathie Wood's ARK Innovation exchange-traded fund purchased
108,380 Tesla shares, while the ARK Next Generation Internet ETF
bought 23,833 shares, according to a trade notification.
Poshmark to Sell Itself for Less Than Half Its IPO Price to Korea's Naver
The social shopping marketplace, which went public at $42, will
be taken over for $17.90 a share. The transaction values Poshmark
at about $1.6 billion.
Bed Bath & Beyond Creditors Organize Ahead of Bond Talks
Bed Bath & Beyond's bondholders are organizing, looking to
protect their investments in the struggling retailer as it looks
for ways to ease its debt during a slump in sales, according to
people with knowledge of the matter.
Trump Files Defamation Suit Against CNN
Former President Donald Trump filed a defamation lawsuit Monday
against CNN, accusing the network of a smear campaign against
him
Nvidia Closing Offices in Russia
The chip maker says it can no longer operate effectively in the
country due to recent events related to the invasion in
Ukraine.
Concerns About Credit Suisse Mount After Debt Slide
Investors and analysts called on the Swiss banking giant to move
faster with cost savings and fresh investor capital.
Rising Interest Rates Test Demand for Cars
More new cars and trucks are trickling into dealerships as
supply-chain troubles ease, but rising rates are weighing on car
buyers.
Supreme Court Agrees to Hear Challenges to Tech Immunity
Families of terrorism victims allege that Twitter, Facebook and
YouTube bear responsibility for ISIS content on their sites.
BlackRock Names Martin Small as Next CFO
The financial giant said Mr. Small will succeed Gary Shedlin as
its next finance chief, effective next year.
(END) Dow Jones Newswires
October 04, 2022 05:00 ET (09:00 GMT)
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