News Highlights: Top Company News of the Day
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
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
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 03:15 ET (07:15 GMT)
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