News Highlights: Top Company News of the Day
Klarna to Raise Fresh Cash at Slashed $6.5 Billion Valuation
The deal would be a huge comedown for the fintech company, which
investors valued at $45.6 billion in 2021.
Micron Foretells a Rough Chip Patch Ahead
Memory-chip maker's disappointing forecast has strong
implications for others across semiconductor space
McDonald's Dollar Drinks Fade in the Face of Inflation
Some McDonald's locations are axing the chain's U.S. deal
offering soda and other cold beverages of any size for a buck as
restaurant owners try to manage a record spate of inflation.
Airbus Wins First Major China Jet Order Since Before Pandemic
China placed a large order on behalf of three of its biggest
airlines for close to 300 jets from Airbus, the first major
commitment from China to new planes since before the onset of the
GM Says Unfinished Cars to Hurt Quarterly Results
General Motors said it built about 95,000 vehicles without
certain semiconductors and other parts and had to set the cars
aside instead of shipping them to dealers, weighing on its
second-quarter net income.
Kohl's Scraps Talks for Sale to Franchise Group
Kohl's has called off its sale to Franchise Group amid rising
interest rates and an uncertain retail environment.
Airlines Prepare for a Busy July 4th Weekend of Travel
The number of people flying this weekend is expected to be 1.5%
higher than last year, and the industry is bracing for a
potentially challenging holiday.
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.
Health-Insurance Providers Begin Publishing Prices for Medical Care
Insurers and employers began publicly posting the prices they
pay for healthcare services ranging from doctor visits to lab
tests, hugely expanding a federally mandated effort to unveil the
Airbnb's British Invasion Faces Potential Backlash
Government rules could temper recent growth in short-term rental
(END) Dow Jones Newswires
July 01, 2022 13:15 ET (17:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.