News Highlights: Top Company News of the Day
Credit Suisse Eyes Cost Cuts to Stabilize Embattled Bank
The Swiss bank plans to cut technology expenditure to spend more
targeting ultrarich customers, in its latest effort to stabilize an
operation hobbled by scandals and missteps.
Juul Says FDA Mishandled Its E-Cigarette Application
In court filings, the e-cigarette maker says the FDA overlooked
more than 6,000 pages of data the company had submitted on the
aerosols that users inhale.
Volkswagen Sells Stake in Electrify America to Siemens
The German auto maker has agreed to sell a minority stake in its
U.S. electric-vehicle charging business to Siemens-a transaction
that provides $450 million in new money and values the charging
network at $2.45 billion, the companies said.
Walgreens Drops Plans to Shed Boots, No7 Beauty After Bids Fall Short
The big pharmacy chain says it will keep its Boots and No7
Beauty businesses after failing to receive adequate bids for the
units amid a slump in financing markets.
Meta, TikTok Could Face Civil Liability for Addicting Children in California
Social-media companies are lobbying to stop a
first-in-the-nation proposal allowing government attorneys to sue
them for features alleged to cause addiction among minors.
Musk Gets Twitter Data, but It Might Not Answer Spam Question
Elon Musk has access to the Twitter data that he said was needed
to complete his acquisition of the company, but data scientists and
specialists doubt the stream will provide the conclusive answers he
seeks about phony accounts.
Toshiba Shareholders Vote to Add Activist Investors to Board
Toshiba shareholders approved the company's proposal to invite
representatives from two foreign activist funds onto its board, a
move which may help speed the transition of the troubled industrial
Publisher Gives Away Books It Thinks May Help People Bridge Political Divisions
Simon & Schuster said it would let people download ebook or
audiobook versions of "High Conflict" and "Let's Talk About Hard
Things" until the end of July.
Recalled Sleep-Apnea Machines Pass Key Safety Tests, Philips Says
The Dutch healthcare conglomerate said its DreamStation One
sleep-apnea device passed safety tests conducted by independent
laboratories, but that the sound-dampening foam inside the machines
could be harmful if it enters the body.
Ernst & Young Fined $100 Million in Ethics Exam-Cheating Probe
Ernst & Young agreed to pay a record $100 million fine and
to admit that some of its auditors cheated on required ethics exams
in recent years.
(END) Dow Jones Newswires
June 28, 2022 11:15 ET (15:15 GMT)
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