News Highlights: Top Company News of the Day
Behind Fake-Account Issue That Musk Cited in Calling Twitter Deal 'On Hold'
Social media has grappled with phony accounts for years, raising
questions about why Tesla CEO Elon Musk is talking about them again
Ford Unloads More Shares of Electric-Vehicle Startup Rivian
Ford sold 7 million Rivian shares at a price of $26.88, the
company says. That followed an 8-million-share sale earlier in the
week at about the same price.
CVC Capital Targets Australia's Brambles as Logistics Assets Stay Hot
The takeover approach for the pallet supplier comes after
private-equity firms invested more than $50 billion in logistics
JetBlue to Launch Tender Offer for Spirit
JetBlue plans to launch a hostile takeover attempt for discount
carrier Spirit Airlines, after Spirit rejected JetBlue's $3.6
billion offer in favor of an existing deal with Frontier
Plains All American to Settle Class-Action Suit Over 2015 California Pipeline Spill
The owner of an oil pipeline that caused a 4-mile-long spill
along a California beach in 2015 has agreed to pay $230 million to
settle a class-action lawsuit brought by fishermen and property
owners, according to attorneys and court documents.
Walmart Anticipates a Store Manager Shortage Despite $200,000-a-Year Pay
Many managers leading the company's roughly 4,700 U.S. stores
have been in their roles for at least a decade, and Walmart
executives say they need to find a new generation to replace
Emirates Telecom Takes Stake in Vodafone
Emirates Telecom has bought a 9.8% stake in Vodafone for
investment purposes, worth around GBP3.3 billion at Friday's
closing share price.
Adani to Buy Holcim's India Business
Adani Group has agreed to buy Holcim's cement business in India,
in a $10.5 billion deal that is biggest ever acquisition in the
country's infrastructure and materials industry.
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
The Saudi oil giant said its net income rose 80% in the first
quarter of this year, as state-owned oil giants reap profits from
an energy-price boom caused by Russia's invasion of Ukraine.
Ryanair Eyes Profit Return But Cautious on Recovery
Ryanair said it expects to return to profitability in fiscal
2023 but cautioned the recovery remains fragile.as it reported a
consensus-beating narrowed loss.
(END) Dow Jones Newswires
May 16, 2022 05:00 ET (09:00 GMT)
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