News Highlights: Top Company News of the Day
U.S. Solar Shipments Hit by Import Ban on China's Xinjiang Region
The U.S. solar industry is confronting fresh disruptions as U.S.
officials crack down on human-rights abuses in a region of China
that produces almost half the world's supply of a crucial component
in solar panels.
Avaya's Collapsing Debt Deal Hits Clients of Goldman, JPMorgan
The cloud-communications company cut its earnings forecast by
more than 60% a few weeks after borrowing $600 million from the
banks' investment clients.
Tesla, EV Makers Stand to Get Billions for Factories From Senate Bill
Industry says new manufacturing requirements and income limits
could jeopardize $7,500 tax credit for many buyers.
Carlyle Board Didn't Respond to CEO's Early Contract Proposal
The precise reasons behind the board's unwillingness to
negotiate with outgoing CEO Kewsong Lee aren't entirely clear, but
his departure is exacerbating the underperformance of the
private-equity firm's stock.
News Corp Posts Revenue Growth, Boosted by Dow Jones
News publisher reports continued strength in advertising.
Oklahoma's Schusterman Family Faces Trial Over Oil Company's Bankruptcy
KKR's soured buyout of Samson Resources is the subject of a
bankruptcy-court trial starting next month over creditors'
allegations they were defrauded.
National Australia Bank's Third-Quarter Profit Rose
National Australia Bank Ltd., Australia's biggest business
lender, recorded a rise in third-quarter profit, and reported that
the majority of its customers were well placed to manage the
challenges of higher inflation and interest rates.
Munich Re Holds Profit Guidance But Warns on Investment Returns
UPDATED: Munich Re maintained its net profit guidance for 2022
but warned of a lower return on investment, faced with a cooling
economy and higher interest rates.
Carlsberg Upgrades Growth Outlook
Carlsberg forecast post organic operating profit growth in a
high single-digit-percentage this year, boosted by its business in
Europe and Asia.
Deliveries of Boeing's 787 Dreamliner Set to Resume
American Airlines said it expects to take its first delivery of
a 787 Dreamliner as soon as Wednesday, its first after a long pause
in deliveries of the jet that has created headaches for airlines
(END) Dow Jones Newswires
August 09, 2022 07:15 ET (11:15 GMT)
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