Kohl's Scraps Talks for Sale to Franchise Group 

The retailer ended talks for an $8 billion sale to Vitamin Shoppe owner Franchise Group amid rising interest rates and an uncertain retail environment. Shares fell 11% premarket.

Bed Bath & Beyond Burns Through Cash Reserves 

As it searches for a new CEO, the retailer is working with financial advisers and looking to sell Buybuy Baby.

Auto Sales Expected to Slide, Prices to Soar 

Supply-chain kinks continued to suppress vehicle inventory and sales in the first half of the year, exacerbating a seller's market that has pushed new-car prices to record highs.

Airbnb's British Invasion Faces Potential Backlash 

Government rules could temper recent growth in short-term rental supply.

SpaceX Wins OK to Connect Planes, Boats and Other Vehicles to Internet Service 

The FCC authorized the Elon Musk-led company to link vehicles through its Starlink unit.

Musk Takes Unusually Long Twitter Break 

The billionaire is trying complete a planned $44 billion deal to buy the social-media platform.

Atlantic City Casino Workers Reach Labor Pacts With Caesars, MGM 

The deals avoid strikes at the Borgata, Harrah's and other properties while talks continue at Hard Rock to avoid a walkout as the union seeks higher wages.

Bankrupt Texas Co-Op Brazos Nears Deal to Resolve $1.9 Billion Power Bill 

Brazos Electric Power Cooperative said it reached a tentative agreement to resolve the $1.9 billion power bill that drove it into chapter 11 after electricity prices skyrocketed during a winter storm that blanketed Texas last year.

Former Apple Lawyer Pleads Guilty to Insider Trading 

Gene Levoff was charged in 2019 with sifting trading tips from undisclosed earnings releases he oversaw.

Micron Shares Slump on Muted Sales Forecast 

Memory-chip maker feels the pinch from consumer-spending weakness after two red-hot years.


(END) Dow Jones Newswires

July 01, 2022 09:00 ET (13:00 GMT)

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