News Highlights: Top Company News of the Day
Rising Rates Put Squeeze on Fintech Lenders
Lenders such as Upstart, Mosaic and Carvana are finding money
harder to come by as the Fed's rate-hiking campaign affects all
corners of the economy.
Browsers Are Back in the Antitrust Hot Seat
Google's Chrome and Apple's Safari browsers have escaped the
brunt of antitrust attention so far, but competitors have grown
more vocal in their complaints to regulators.
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.
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
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.
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
Vince McMahon Paid $5 Million to 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.'
(END) Dow Jones Newswires
August 18, 2022 07:00 ET (11:00 GMT)
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