News Highlights: Top Company News of the Day
June 07 2023 - 9:30AM
Dow Jones News
Volvo Rolls Out All-Electric SUV Aimed at First-Time Buyers
The company hopes the new SUV can help it address one of the
biggest challenges automakers face: To meet ambitious EV goals,
they have to offer more affordable cars.
Lawmakers Try Again to Curb Visa, Mastercard Fees, With Broader Support
Lawmakers plan to re-up proposed legislation that would give
merchants the power to process many credit cards over different
networks.
Instagram Connects Vast Pedophile Network
The Meta unit's systems for fostering communities have guided
users to child-sex content; company says it is improving internal
controls.
Wealthfront Launches Robo for Bonds
There is growing investor demand for one of the most boring
asset classes.
Sequoia Faces Up to the New U.S.-China Reality
The storied venture-capital firm's split speaks volumes about
how quickly bilateral trust has evaporated.
U.S. Nears Deal to Produce GE Jet-Fighter Engine in India
The two nations are working to meet the threat from China and
reduce New Delhi's dependence on Russia for military equipment.
Global Brands Are Coming to a Mall Near You
American consumers have long been renowned for their spending
power. Now global retailers want a bigger slice of the action.
PGA Tour Deal With LIV Golf Puts Sponsors on the Spot
Sponsors and other companies affiliated with the PGA Tour will
face a reckoning in the wake of the golf powerhouse's decision to
combine with the Saudi-backed upstart LIV Golf, marketing
executives said.
Mercedes Teams Up With Green Steelmaker to Slash Emissions
In addition to securing supply for Mercedes's European factories
over the coming years, the companies have also agreed to explore
potential steel production in North America.
Judge Punts on Legality of Decentralized Finance Protocol PoolTogether
More than a year and a half after a user of the decentralized
finance protocol PoolTogether brought a lawsuit challenging its
legality, a federal judge in New York on Tuesday said questions it
raised should be handled in state court.
(END) Dow Jones Newswires
June 07, 2023 09:15 ET (13:15 GMT)
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