News Highlights: Top Company News of the Day
Tencent Shares on the Block as Prosus Looks to Fund Buyback
Tencent's largest shareholder will start paring its stake in the
Chinese internet company to fund an open-ended, long-term
Russian Gas Cuts Threaten World's Largest Chemicals Hub
Dwindling Russian gas supplies are proving a threat to chemicals
companies and their disruption would reverberate well beyond the
sector, threatening Europe's economy at a time of high inflation
and slowing growth.
Tencent Stock Falls After Top Shareholder Stake Sale
Amsterdam-listed Prosus owns a roughly 29% stake in Tencent.
Studios Battle for Players of 'Hypercasual' Videogames, the Latest Mobile Distraction
Mobile games that require little brainpower to play are becoming
more sophisticated as their publishers try to cling on to
3M Faces Potentially Billions in Liabilities Over $7.63 Earplugs
The company will begin court-ordered settlement negotiations
over military earplugs next month, following lawsuits filed by
thousands of veterans.
Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow
Auto makers are marking up electric vehicles to offset rising
battery-material costs and capitalize on the interest caused by
higher gas prices.
NIO's Shares Hit New Highs as Outlook Brightens
NIO Inc.'s shares in Hong Kong and Singapore climbed to fresh
highs as the global outlook for electric-vehicle demand
Cruise Lines Can't Duck Their Debt
Carnival, Royal Caribbean and Norwegian Cruise Line are all
eyeing a near-term return to profitability this year, but some
analysts think they could be sailing into a recession with
boatloads of debt.
Amazon's Prime Day Isn't Quite the Blockbuster It Once Was
Sales growth for the online shopping extravaganza has slowed and
consumers aren't purchasing orders as large as they once did.
Citigroup Tried and Failed to Rally Banks to Pressure Gun Sellers
After the Parkland shooting in 2018, big banks didn't see
eye-to-eye on gun policies. Little has changed since.
(END) Dow Jones Newswires
June 27, 2022 07:15 ET (11:15 GMT)
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