Oil Giants Must Face Climate-Liability Suits in States, Appeals Court Rules 

In a setback for companies such as Exxon, Chevron and Shell, the decision is the sixth this year to find that climate lawsuits should play out in state, not federal courts.

Amazon Seeks Top Film Executive Amid Expansion of Entertainment Arm 

Amazon Studios has held talks with Scott Stuber, the studio head at Netflix, which is displaying fresh vulnerabilities as its subscriber numbers decline.

Country Garden Holdings' Shares Fall After Warning of First-Half Profit Slump 

Shares of Country Garden Holdings Co. fell in Hong Kong after the Chinese property developer warned of a big drop in first-half net profit.

Geely Automobile Profit Falls on Higher Costs 

The Chinese car maker expects sales and profitability in the second half to be pressured by intense competition in the China auto market, rising raw-material and battery prices and a global shortage of chip supply.

Galaxy Entertainment Swings to Loss  as Lockdowns Weigh 

Galaxy Entertainment Group swung to a net loss in the first half as revenue and profitability plunged, worsened by a temporary suspension of its Macau operations in July.

CVS, Walgreens and Walmart Ordered to Pay $650 Million to Ohio Counties in Opioid Case 

A jury last year found the companies owning CVS, Walgreens and Walmart pharmacies were liable for contributing to the opioid epidemic in Lake and Trumbull counties.

Cisco Reports Solid Earnings. The Stock Is Jumping. 

Networking and security products company Cisco Systems reported strong fiscal-fourth-quarter earnings and provided an upbeat outlook.

Dodge Pitches Muscle-Car Fans on EVs 

The 122-year-old brand revealed a new concept car and plans to sell its first fully electric performance model in 2024, replacing the Challenger and Charger, which are being discontinued after next year.

WWE's Board Finds Vince McMahon Paid $5 Million to Donald Trump's Charity 

The CEO's contributions to the Donald J. Trump Foundation coincided with the real-estate developer's appearances at a WrestleMania event and on 'WWE Raw.'

Moderna Names New CFO After Hasty Departure of Predecessor 

James Mock, CFO of PerkinElmer, will join the Covid-19 vaccine maker as finance chief in September.


(END) Dow Jones Newswires

August 18, 2022 05:26 ET (09:26 GMT)

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