News Highlights: Top Company News of the Day
December 07 2022 - 1:30PM
Dow Jones News
Southwest to Resume Quarterly Dividend Payment After More Than Two Years
Airlines are turning a profit as passengers travel in droves,
undeterred by higher fares.
Washington Post Considers Selling Tech Business It Built Up on Bezos's Watch
The company is exploring a spinoff or sale of Arc XP, an
in-house publishing tool that it has turned into a broader software
business.
Boeing Dealt Setback on New 737 MAX Models
Federal lawmakers dropped a defense-bill provision that would
have exempted two of the latest 737 MAX models from a new
regulatory requirement set to take effect Dec. 27.
Airbus's Delivery Miss Is Scarier With Recession Looming
Orders for aircraft are booming, but plane makers are struggling
to deliver them quickly. It could be a problem if a weakening
economy ends up denting appetite for travel.
Campbell Soup Raises Outlook After Sales Rise 15%
Growth was driven by higher prices, though volumes, which have
been shrinking as prices rise, fell 1%.
TikTok Faces U.S. Clampdowns After South Dakota Restrictions
The app was banned from the state's agencies over
national-security concerns stemming from its Chinese ownership.
Other states are following suit.
Elon Musk's Release of Documents Triggers Twitter Lawyer Jim Baker's Exit
Elon Musk said a top Twitter lawyer "was exited," part of the
fallout from the billionaire's unusual release of internal
communications to criticize prior practices at the company.
Lowe's to Buy Back $15 Billion of Stock, Affirms Full-Year Outlook
The home retailer's stock is down nearly 20% since Jan. 1,
dragged by concerns over a slowing housing market. Executives
strove to assuage these fears at an investor day on Wednesday.
Vera Bradley earnings show inflation's unequal impact on consumer spending
Vera Bradley CEO Jackie Ardrey offered a frank assessment of the
economic backdrop Wednesday morning after acknowledging pressures
on less affluent spenders
TSMC's U.S. Chip Gambit Has Powerful Backers
The Taiwanese chip maker's investment in Arizona won't be enough
to end U.S. reliance on Asia, but the trend is promising.
(END) Dow Jones Newswires
December 07, 2022 13:15 ET (18:15 GMT)
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