News Highlights: Top Company News of the Day
Crypto Fund Three Arrows Ordered to Liquidate by Court
A British Virgin Islands court ordered the liquidation of the
cryptocurrency hedge fund after creditors sued it for failure to
Bed Bath & Beyond CEO Exits as Sales Plunge
Bed Bath & Beyond replaced Chief Executive Mark Tritton, as
the home-goods retailer's sales plunged due to a mismatch between
what its stores carry and what shoppers want.
General Mills Sales Climb 8% on Higher Prices
The food maker plans additional price increases as inflation
pushes costs up.
Unilever Sells Ben & Jerry's Business in Israel to Franchisee
The move is an effort to end a controversy that has buffeted the
company since last year, when the brand said it would stop selling
its products in Jewish settlements located in the Israeli-occupied
West Bank and contested East Jerusalem.
China Eases Regulatory Restraints on Two Tech Platforms
China eases regulatory restraints on two online
platforms-logistics platform Full Truck Alliance Co. and online
recruitment firm Kanzhun Ltd.-signaling it is dialing back a
regulatory campaign that hurt economic activity in the country's
FedEx's New Boss Faces Strategic Choice as Package Volumes Fall
Investors want to see more efficient operations, while
ground-delivery contractors are pressing for financial help.
Ford's Talk of New EV-Selling Rules Rattles Some Dealers
Ford Motor is preparing new rules for how it sells electric
vehicles, a shift that is concerning some dealers and seen as
challenging the traditional franchise model.
Behind the Celsius Sales Pitch Was a Crypto Firm Built on Risk
Celsius CEO Alex Mashinsky built his cryptocurrency lender on a
pitch that it was better than a bank. But investor documents show
it had far more risk than a traditional lender.
H&M Reports Jump in Earnings, as In-Store Sales Rise
The Swedish fashion retailer reported a jump in sales and
profits for the second quarter, saying well-received collections
allowed it to scale back on discounts.
TSA Eases Pipeline Cybersecurity Rules Issued After Colonial Hack
The Transportation Security Administration is loosening pipeline
cybersecurity rules imposed after the hack of Colonial Pipeline
last year, giving companies a longer window to report cyberattacks
and more leeway to design their defenses.
(END) Dow Jones Newswires
June 29, 2022 11:15 ET (15:15 GMT)
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