News Highlights: Top Company News of the Day
December 01 2022 - 9:15AM
Dow Jones News
Credit Suisse Struggles to Win Back Investors
The Swiss lender's $4.2 billion share sale and sweeping
restructuring were supposed to regain the market's confidence.
Instead, more investors are betting against the bank.
Kroger's Sales Continued to Climb in Third Quarter
The Cincinnati-based grocery store operator on Thursday reported
third-quarter revenue of $34.2 billion, up from $31.9 billion a
year ago.
Tesla Set to Deliver Semi Truck to PepsiCo
Elon Musk's car company is expanding beyond passenger vehicles
with the delivery of its first all-electric semitrailer five years
after introducing the model.
Blackstone to Sell Stakes in MGM Grand, Mandalay Bay
The deal would bring the investment firm a profit of more than
$700 million in less than three years, including rent.
Toronto-Dominion Bank Profit Rise Tops Expectations
Toronto-Dominion Bank reported a rise in profit in the fourth
quarter of fiscal 2022, benefiting from strong performances by its
largest segments and a strong U.S. dollar.
Dollar General Cuts Full-Year Earnings Guidance After Warehouse Challenges
Dollar General cut its fiscal 2022 earnings guidance as the
discount retailer grappled with greater-than-expected cost
pressures, in part tied to challenges obtaining temporary warehouse
space.
Lands' End Falls After Cutting Full-Year Guidance
Shares of Lands' End lost nearly a quarter of their value after
the retailer cut its full-year sales outlook and said it now
expects a loss for the year as it grapples with mounting inventory
and slowing discretionary spending by customers.
Biotech Company Says Citadel, Other Big Traders Manipulated Its Stock Price
In a new lawsuit, Northwest Biotherapeutics accused market
makers of illicit "spoofing" trades.
Netflix to Let Some Users Preview Content
The streaming giant plans a global expansion of the program that
helped make "Don't Look Up" less serious.
Timberland Manager Manulife Moving Into Forest Carbon-Offset Market
Manulife Investment Management is raising $500 million to buy
forests around the world where carbon sequestration will take
precedence over logging.
(END) Dow Jones Newswires
December 01, 2022 09:00 ET (14:00 GMT)
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