How Macy's Has Avoided the Inventory Pileup Plaguing Other Apparel Chains

Executives say they cut orders and shifted inventory after seeing some troubling signs in credit-card spending.

 
Inflation, Consumer Pessimism Push U.K. Firms to Close Their Doors

Thousands of businesses across the U.K. are buckling under rampant inflation and flagging consumer demand, adding to a growing corporate casualty list in Europe stemming from the war in Ukraine.

 
CALB to Raise About $1.26 Billion From Hong Kong IPO

Chinese battery maker CALB Co. has priced its Hong Kong initial public offering at $4.84 a share, aiming to raise an estimated $1.26 billion in net proceeds.

 
Icahn, Others Clean Up on Musk's Twitter About-Face

The activist investor had a stake in the social-media company worth well over $500 million before Tuesday, sources say.

 
Elon Musk Proposes Closing Twitter Deal on Original Terms

An agreement would allow the social-media company and the billionaire to avert a high-stakes trial that was set to start soon; Twitter shares soar 22%.

 
Juul Prepares to Seek Financing for Potential Bankruptcy Process

The vaping company has been working with restructuring advisers amid a dispute with the FDA.

 
Amazon Freezes Hiring in Retail Division

The company has been dealing with slowing growth in its retail segment this year.

 
DXC Stock Surges on News of Potential Sale

The information-technology company said it has been approached regarding a potential acquisition, but that it hasn't received a formal proposal.

 
Nikola's Trevor Milton Hangs Legal Defense on Expert Testimony

Lawyers are looking to a Harvard professor to help persuade jurors that the former chief executive's allegedly misleading tweets and podcast interviews didn't move markets.

 
Google Settles Arizona User-Tracking Suit

The search giant will pay $85 million to resolve a suit claiming that it recorded users' locations even after they tried to turn off the company's tracking on smartphones and web browsers.

(END) Dow Jones Newswires

October 05, 2022 07:15 ET (11:15 GMT)

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