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.
Just Eat Takeaway.com to Sell Stake in iFood JV to Prosus
Just Eat Takeaway.com has agreed to sell its around 33% stake in
the iFood joint venture to Prosus as it looks to focus on improving
profitability and on a disciplined capital allocation.
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
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.
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.
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.
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.
Streaming Tops Cable-TV Viewing for the First Time
Americans spent more of their TV-viewing time streaming content
on services like Netflix, YouTube and HBO Max than they did
watching cable TV, according to Nielsen.
(END) Dow Jones Newswires
August 19, 2022 05:00 ET (09:00 GMT)
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