News Highlights: Top Company News of the Day
Bed Bath & Beyond CEO Exits as Sales Plunge
Bed Bath & Beyond replaced Mark Tritton, as the home-goods
retailer's sales plunged due to a mismatch between what its stores
carry and what shoppers want.
Just Eat Says Grubhub Sale Still Possible as Shares Slide
Shares of Just Eat Takeaway.com N.V. hit an all-time low after
the head of its U.S. division said a sale wasn't a definite outcome
for the company's Grubhub online food business, which Just Eat is
Chinese Lithium Giant Targets Up to $1.7 Billion in Hong Kong IPO
Tianqi Lithium Corp., one of the largest producers of lithium
compounds used in electric-vehicle batteries, said it plans to
raise the equivalent of up to $1.7 billion in a Hong Kong initial
Crypto Hedge 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
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-Sale 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.
(END) Dow Jones Newswires
June 29, 2022 13:15 ET (17:15 GMT)
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