News Highlights: Top Company News of the Day
Enfamil Maker Shops Baby-Formula Unit Amid Shortage
Reckitt Benckiser is pushing ahead with a multibillion-dollar
sale of its infant-formula business as severe shortages scramble
the key U.S. market.
Coinbase Leaders Net $1.2 Billion in Share Sales
The haul taken by two co-founders and two executives contrasts
with the sharp decline in the shares since they became available to
the public last year.
'Top Gun: Maverick' Loses Chinese Investor
Tencent Holdings pulled out of financing the film over concerns
that Chinese officials would be angry about its affiliation with a
movie celebrating the American military.
Uber and Lyft's New Road: Fewer Drivers, Thrifty Riders and Jittery Investors
Uber and Lyft are recalibrating to a new reality: Investors are
increasing the pressure to rein in hefty losses, riders are taking
fewer trips as fares rise and drivers are still in short
WeWork Names Third CFO in Less Than Three Years
The co-working space operator is still recovering from the
Alibaba's Earnings Beat Expectations, But a Tougher Quarter Begins
Alibaba Group Holding Ltd.'s fresh earnings beat offered some
relief to the beleaguered company's investors, but mounting
pressures in the new quarter will make that performance hard to
repeat, analysts say.
Broadcom Deal for VMware Highlights the Rise of Virtualization
The $61 billion acquisition of VMware reflects growing demand
for software applications that replace expensive computer
Microsoft Slows Some Hiring Amid Economic Uncertainty
The software company is the latest tech giant to become more
cautious about hiring.
Old Navy to Scale Back Its Inclusive Sizing Strategy
The chain said it is scaling back an attempt to make women's
clothes more inclusive for all body types, after demand for the
larger sizes fell short and the chain didn't have enough middle
Glencore Said It Revamped Its Compliance Program Following Guilty Pleas
The Anglo-Swiss commodities company published a 13-page investor
update about its ethics and compliance program, which coincided
with settlements it reached with various regulators.
(END) Dow Jones Newswires
May 27, 2022 09:00 ET (13:00 GMT)
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