News Highlights: Top Company News of the Day
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
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 09:15 ET (13:15 GMT)
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