Snapchat Parent Launches Monthly Subscription Plan 

Snapchat+ will cost $3.99 a month and give users access to exclusive features.

Billionaire Mukesh Ambani Begins Putting Succession Plan in Place 

The tycoon elevated his son Akash Ambani to chairman of the board of Reliance Jio Infocomm, providing welcome certainty for India's most valuable conglomerate.

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 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 reviewing.

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 public offering.

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 repay debts.

McCormick Cuts Forecasts as Costs Rise. The Stock Is Dropping. 

The seasonings maker reported lower earnings and revenue than Wall Street had expected for the quarter through the end of May.

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 Ice-Cream Business in Israel 

The consumer-goods giant is trying to end a controversy after the brand said it wouldn't sell its products in Jewish settlements.

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 tech sector


(END) Dow Jones Newswires

June 29, 2022 15:15 ET (19:15 GMT)

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