News Highlights: Top Company News of the Day
Tech Rout May Take the Shine Off Cartier's Owner
Investors would like Swiss luxury group Richemont to sell its
loss-making online-fashion retailer. That is unlikely with
technology stocks in the doldrums.
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Match said it has withdrawn its request for a restraining order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.
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.
Richemont Slides on Profit Miss, YNAP Uncertainty
UPDATED: Richemont shares tumbled after it reported
below-forecast operating profits in fiscal 2022, while the planned
divestment of its e-commerce platform YNAP remained unresolved.
Billionaire Likely to Sell AGL Stake if Demerger Goes Through
UPDATED: Billionaire Mike Cannon-Brookes would likely walk away
from AGL Energy if he is unsuccessful in corralling a shareholder
vote against a demerger of coal plants from its retail
(END) Dow Jones Newswires
May 20, 2022 13:15 ET (17:15 GMT)
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