Cohen Sells Stake in Bed Bath & Beyond, Pressuring Shares 

Billionaire investor Ryan Cohen cashed out his entire position in Bed Bath & Beyond this week, roughly five months after taking a major stake in the company and advocating for changes.

China's GigaCloud Goes Public in U.S., Bucking Delisting Trend 

The e-commerce company generates all of its revenue outside of China and says it is prepared to switch auditors if needed to satisfy U.S. regulatory requirements.

Toyota Executive Warns EVs Face Obstacles to Wider Adoption 

Jack Hollis, executive vice president of sales at Toyota Motor North America, says high prices and a lack of charging stations are likely to deter potential electric-vehicle buyers.

Roblox Poaches Seasoned Meta Executive as It Chases Growth in Asia 

Steve Park, longtime director of public policy for South Korea and Japan at Facebook, will join the videogame company next week.

TPG Telecom Raises Dividend After Profit More Than Doubles 

UPDATED: The Australian telecommunications provider reported a first-half net profit of $115.5 million amid a rise in mobile subscribers and lifted its dividend to A$0.09.

AGL Energy Returns to Full-Year Profit 

AGL Energy Ltd. returned to profit at the end of a year marked by unplanned outages at several power plants and the collapse of a plan to break into two entities.

Lloyd's to Exclude Catastrophic Nation-Backed Cyberattacks From Coverage 

Lloyd's of London will require its insurer groups globally to exclude catastrophic state-backed hacks from stand-alone cyber insurance policies starting next year.

Kohl's Posts Drop in Quarterly Earnings and Sales 

The department-store chain plans to bring Sephora beauty shops to all of its more than 1,100 stores.

Inflation Bigger Headwind for Travel Recovery, Auckland Airport CEO Says 

High inflation is a bigger downside risk for the recovery in global travel than the capacity constraints currently faced by airlines, the chief executive of Auckland International Airport says.

Brian Stelter to Leave CNN After Cancellation of 'Reliable Sources' 

The network's chief media correspondent and anchor had hosted the show since 2013.


(END) Dow Jones Newswires

August 19, 2022 03:00 ET (07:00 GMT)

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