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 to Sell Stake in iFood JV to Prosus 

Just Eat 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 week.

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 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.

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 05:15 ET (09:15 GMT)

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