News Highlights: Top Company News of the Day
Musk Calls Tesla's New Factories 'Gigantic Money Furnaces'
The electric-car maker's plants in Germany and Texas are losing
billions of dollars, CEO Elon Musk said.
Revlon Stock Surges After Bankruptcy Filing
Cosmetics maker's shares up more than 30% in Wednesday's trading
as options activity takes off
BMW Opens Electric-Car Plant in China
The $2.2 billion investment in the plant is the biggest that BMW
has ever made in China, its largest market.
Monte dei Paschi Plans Cash Call to Fund Revamp
Italy's Banca Monte dei Paschi di Siena said it would raise up
to EUR2.5 billion, cut thousands of jobs and close dozens of
branches as part of its multiyear plan to boost its balance
Chinese Shipping Companies Dive Amid Rising Recession Fears
Chinese shipping companies' shares dropped in Hong Kong on
Thursday, following the U.S. Federal Reserve's overnight warning of
a potential economic contraction, which could weigh on U.S. demand
for imported goods and consequently global shipping activity.
Rolls-Royce Offers $2,500 Payment to Workers as Inflation Bites
Companies are weighing how to help employees deal with inflation
without boosting costs in the long run.
NBCUniversal, Google Compete to Help Netflix Build Ad-Backed Tier
The streaming company is seeking to sell ads around its
programming to boost revenue. Partnerships could help it move
faster to bring an ad-supported version of its service to
L Catterton to Sell Various Asia Interests for $360 Million
Private equity company L Catterton will sell minority interests
in some of its portfolio investments in Asia to accounts managed by
Hamilton Lane and other institutional investors for $360
U.K. Regulator Fines JLT Specialty $9.7 Million for Bribery
JLT Specialty, now part of Marsh & McLennan, had failed to
manage risks effectively, allowing more than $3 million in bribes
to be paid to foreign government officials, according to the U.K.
Financial Conduct Authority.
Daily Harvest Recalls Lentil and Leek Crumbles After Customers Report Getting Sick
"We are taking this very seriously and doing everything we can
to get to the bottom of this," the CEO of the meal-delivery service
(END) Dow Jones Newswires
June 23, 2022 05:00 ET (09:00 GMT)
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