News Highlights: Top Company News of the Day
Deere Profit Rises Despite Supply-Chain Challenges
The equipment maker posted higher sales for its latest quarter
on strong demand for its farm and construction equipment.
Tinder Owner Match Group, Google Reach Deal on App Store Payment Rules
Match said it has withdrawn its request for a restraining order
against Google, saying Google has made concessions that Match
Biden Visits Samsung to Shore Up Tech Allies in Countering China
President Biden began a three-day trip to South Korea with a
factory visit that underscored the technology ties between the
Senior Executives Leave Russian Oil Giant Rosneft
The Russian state oil giant is losing several senior executives
and board members, a brain drain that stands to weaken a prime
driver of the country's economy while Moscow wages war on
Boeing's Starliner Spacecraft Launches Toward Space Station in Do-Over Mission
The liftoff comes after a failed flight attempt and delays-and
successful trips by Elon Musk's SpaceX.
Porsche Rolls Out Board-Approved Privacy Strategy
Drivers of Porsche cars can switch on privacy mode to stop the
auto maker from tracking their data, or they can consent to having
their data used for specific services.
Alaska Permanent Fund to Slow Its Private-Equity Commitment Pace
The sovereign fund is slowing its annual private equity
commitment pace out of concerns over the so-called denominator
Shares of Ross Stores Fall 17% After Sales Decline
The off-price retailer reported a decline in sales in the first
quarter and forecast same-store stores would decline in the second
Applied Materials Profit Climbs but Supply-Chain Issues Persist
The maker of semiconductor equipment reported sales and earnings
below analyst estimates, sending shares lower after hours.
Tencent's Recovery Prospects Rest on Gaming
A recovery for Tencent Holdings Ltd.'s earnings after its dismal
first quarter will likely depend on its gaming segment. Domestic
gaming revenue fell as the Chinese social media and videogame giant
suffered its steepest quarterly profit drop and slowest total
revenue growth since going public in 2004.
(END) Dow Jones Newswires
May 20, 2022 11:00 ET (15:00 GMT)
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