News Highlights: Top Company News of the Day
Walgreens Profit Shrinks After Opioid Deal, Fewer Vaccinations
The drugstore chain paid $683 million to Florida to resolve
claims related to the distribution of prescription opioid
Singapore Central Bank Reprimands Crypto Hedge Fund Three Arrows
Singapore's top financial regulator reprimanded cryptocurrency
hedge fund Three Arrows Capital, saying it supplied false
information to officials and managed more assets than allowed.
Tencent, ByteDance Implement Fresh Layoffs Amid China's Economic Pains
The latest round of job cuts at Chinese tech giants comes even
as Beijing signals an easing of its regulatory campaign against the
UBS to Pay $25 Million to Settle SEC Fraud Charges
The Swiss bank agreed to settle fraud charges from the
Securities and Exchange Commission over a complex options trading
strategy that lost customers tens of millions of dollars.
Russian Gas Cuts Push Uniper Into Bailout Talks
The German utility, one of Europe's largest, said earnings would
be hit hard after Russia's Gazprom slashed natural-gas deliveries
via the Nord Stream pipeline.
Big Pharma Won't Bail Out Battered Biotech
While the biotech market rout presents pharma companies with
cheap targets, don't count on a handful of deals to turn into
Frank Zappa's Trust Sells Music Catalog to Universal
The deal covers hits spanning four decades including "Valley
Girl" and "Dancin' Fool," as well as rights to Zappa's film
Aerojet Rocketdyne CEO Poised to Win Proxy Fight Against Executive Chairman
Shareholders appear set to elect the eight-person board slate
put forth by CEO Eileen Drake based on the votes that have come in
ahead of the shareholder meeting Thursday.
Trucking Company Schneider Invests in Chemicals Supply Marketplace
Trucking company Schneider National is looking to expand its
role in chemical distribution through an investment in a startup
that is building an online marketplace for industrial raw
Flying Coach Can Be Uncomfortable, but Flat Beds Are Coming
Air New Zealand plans to introduce pods with flat beds in
economy class, initially installing them on direct flights to
Chicago and New York from Auckland.
(END) Dow Jones Newswires
June 30, 2022 11:15 ET (15:15 GMT)
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