News Highlights: Top Company News of the Day
December 09 2022 - 5:15AM
Dow Jones News
Workers at GM-LG Battery Plant in Ohio Vote to Unionize
The result is a win for the UAW, which plans organizing
campaigns at a slew of U.S. battery factories slated to open in
coming years.
Google Ad Software Disrupted for Publishers Large and Small
The malfunction, which lasted more than 2 1/2 hours, affected
software that places digital ads on websites.
Costco Sales Growth Cools as Consumers Shift Discretionary Spending
The warehouse retailer posts a year-over-year increase in
membership fees.
Chinese Property Developers Rise as Sunac Advances Debt Restructuring Plan
Shares of Chinese real-estate companies led the Hong Kong
market's upturn, as Sunac unveiled progress in restructuring its
debt that could bode well for other private developers.
TotalEnergies Writes Off Novatek Stake, Withdraws Directors
TotalEnergies said it would book an impairment of around $3.7
billion to write off the value of its stake in Novatek and
immediately withdrew its directors from the board of the Russian
firm.
FTC Sues to Block Microsoft's Acquisition of Activision Blizzard
The antitrust enforcer sued Microsoft to prevent its planned $75
billion deal for Activision Blizzard, taking one of its biggest
shots under the Biden administration at halting a merger of
technology giants.
Auto-Safety Regulators Seek Answers on Potentially Explosive Air-Bag Inflators
The NHTSA sent letters to car companies this week as part of
ongoing investigation that covers an estimated 51 million
inflators.
MidOcean to Exit Stake in Nutrabolt With Keurig Dr Pepper Deal
The midmarket private-equity firm initially acquired a minority
stake in the sports-drink company in 2014
Star Entertainment Hit With Another Fine Over Casino Breaches
UPDATED: Star Entertainment has been fined for the second time
in less than two months over a range of issues, including actively
courting gamblers who were banned in other Australian states.
Exxon Holds Firm on Its Five-Year Spending Outlook
The oil company is resisting the Biden administration's call for
more investment to expand production and curb pump prices.
(END) Dow Jones Newswires
December 09, 2022 05:00 ET (10:00 GMT)
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