News Highlights: Top Company News of the Day
Elon Musk's Pursuit of Twitter Leads to Legal Questions
The Tesla chief has paused his bid for the social-media company,
citing fake accounts, but Twitter can ask a judge to make him
Tesla Autopilot's Role in Deadly Vehicle Crash Is Probed by Safety Regulators
U.S. auto-safety regulators have opened a special crash
investigation into a fatal wreck involving a Tesla vehicle that has
left three people dead.
Target, Walmart Earnings Selloff Puts Retailers' Inflation Pains on Display
Higher costs on fuel, products and wages prompt some companies
to rethink how and when to raise prices further
Under Armour CEO Patrik Frisk Is Stepping Down
The sportswear brand named operating chief Colin Browne as
interim chief executive, effective June 1.
EDF Cuts Output Estimates, Takes Profit Hit
EDF said it expects an earnings hit of around EUR18.5 billion
this year after t lowered its nuclear output estimates due to
inspections for stress corrosion at some of its reactors.
EasyJet Sees Jump in Bookings as Loss Narrows
easyJet said bookings in the past 10 weeks were 6% above the
same period in 2019 and that it remained confident in its plans for
the summer, as the airline cut its first-half adjusted loss to
Generali First Quarter Beats Hopes Despite Russia Hit
Generali posted above-forecast net profit and gross premiums in
the first quarter despite EUR136 million of writedowns on its
Russian investments that dragged the group's bottom line down.
Singapore Airlines En Route to Pre-Covid Levels But Faces Cost Headwinds
Singapore Airlines Ltd.'s brightening passenger demand outlook
seems like it will be enough to offset rising fuel costs, but the
carrier still faces near-term headwinds from its cargo business and
potentially lower ticket pricing.
Analysis: Macau Takes Practical Turn on Casinos, but Visitor Challenges Remain
Macau's proposed changes to its casino rules are positive for
the city's big-league gambling companies, but in the short term
Covid-19 restrictions and an overreliance on visitors from China
will continue to weigh on operations, analysts say.
Chinese Energy Stocks Decline Amid Global Recession Fears
Chinese energy stocks broadly declined Thursday morning amid
persistent concerns that an economic downturn in the global economy
could curb demand.
(END) Dow Jones Newswires
May 19, 2022 05:15 ET (09:15 GMT)
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