News Highlights: Top Company News of the Day
GameStop Earnings Report: Loss Widened Last Quarter
GameStop Corp. widened its quarterly loss and posted modest
revenue growth as it continues efforts to revitalize its business
with an overhauled executive team and board of directors.
Instagram Head Proposes Online Industry Safety Panel
Senators on the Commerce Committee's consumer protection panel
gave a chilly reception to the plan. "The time for self-policing
and self-regulation is over," said Democratic Sen. Richard
Allergan Reaches $200 Million Opioid Settlement With New York Authorities
The agreement settles claims that AbbVie unit helped create a
public nuisance by allowing opioids to flood the region, according
to the company and the state attorney general's office.
Roku Shares Rise on Deal That Restores YouTube TV App
The streaming-device maker had removed the YouTube TV app from
its channel store in April as part of a dispute over how search
results were displayed on Roku's platform.
Apple Wins Delay in Monopoly Case, Allowing App Store Rules to Stay for Now
The ruling puts off enforcement in a case between the iPhone
maker and Epic Games until an appeal can be heard.
Justice Department Told Deutsche Bank Lender May Have Violated Criminal Settlement
The possible violation is related to an internal complaint in
its asset-management arm's sustainable investing business,
according to people familiar with the matter.
Starbucks Union Battle to Be Decided by Baristas in Labor-Friendly Buffalo, N.Y.
Dozens of baristas and other workers at three Starbucks cafes in
the Buffalo, N.Y., area are set to finish voting today on whether
to organize, potentially bringing another union to New York state's
Finra Fines Wells Fargo $2 Million Over Record-Keeping Lapses
Wells Fargo failed to properly maintain certain client records
and only informed Finra of the issue more than three years after
first discovering it, according to the regulator.
Southwest Airlines Has Good News on Revenue, Fuel Costs
The airline said fourth-quarter revenue will be down 10% to 15 %
vs. the fourth quarter of 2019, compared with previous estimates of
a 15% to 25% fall.
Deutsche Post DHL Names Tobias Meyer as CEO
Longtime company executive Tobias Meyer will succeed Frank Appel
as CEO of the express and logistics giant.
(END) Dow Jones Newswires
December 08, 2021 17:15 ET (22:15 GMT)
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