Veterans Suing 3M Oppose Shifting to Bankruptcy Court 

Lawyers for the veterans suing 3M over its earplugs are asking a judge to maintain the company's liability after its subsidiary accepted responsibility for claims of hearing loss.

Sonos Loses CFO as It Faces Economic Headwinds 

Sonos is losing its chief financial officer as the speaker maker faces economic challenges and has cut its outlook for the fiscal year.

Disney Reports Earnings Surge, Reduces Long-Term Forecast for Disney+ Subscribers 

The entertainment giant's theme parks division took in record revenue as its streaming business beat analysts' expectations due to international growth.

Walgreens Helped Fuel San Francisco Opioid Epidemic, Judge Rules 

Pharmacy chain plans to appeal decision, saying it never manufactured or marketed opioids

Bumble Sales Rise on Higher User Spending 

Sales at the online dating company climbed in the latest quarter, driven by higher spending by users as prepandemic conditions have largely returned.

SpaceX Loses Starlink Rural Broadband Subsidies 

The FCC rescinded $2 billion in grants to Elon Musk's company and an internet provider, saying the companies weren't likely to meet funding requirements.

Ex-JPMorgan Traders Convicted in Federal Fraud Trial 

Justice Department had alleged that the precious-metals traders spoofed gold futures for years.

Siemens Posts Loss on Writedown, Cuts EPS Target 

Siemens cut its earnings per share forecast for fiscal 2022 after it swung to a loss in its third quarter due to an impairment on its investment in Siemens Energy.

Daimler Truck Full-Year on Target Despite Cost Challenges 

Daimler Truck booked adjusted earnings of just over EUR1 billion in the second quarter and said its financial targets for 2022 remained unchanged, despite the cost challenges.

Hapag-Lloyd Profit Surges But Outlook Uncertain 

Hapag-Lloyd posted a second-quarter net profit of EUR4.5 billion and confirmed its adjusted earnings target, but cautioned that its outlook was clouded by several factors, including rising costs and supply-chain issues.


(END) Dow Jones Newswires

August 11, 2022 09:00 ET (13:00 GMT)

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