News Highlights: Top Company News of the Day
Starbucks Replacement Opens in Russia With Similar Look
Starbucks's former flagship store in Moscow reopened under new
ownership but with similar branding, months after the Seattle-based
coffee giant pulled out of Russia.
Foot Locker Names Mary Dillon as Next CEO
The former Ulta boss is taking the helm of the athletic-goods
chain as it tries to shift out of shopping malls and lessen its
dependence on Nike.
Xiaomi's Second-Quarter Net Profit Fell 83% on Weaker Smartphone Revenue
Xiaomi Corp. said its second-quarter net profit fell 83% from a
year earlier due partly to weaker smartphone revenue.
Europe's Gas Crunch Will Squeeze BASF
The chemical giant's German operations use a lot of gas, and
dwindling supplies could make for a very costly couple of
Deere Stock Tumbles as Earnings Miss Expectations
Wall Street is looking for per-share earnings of $6.65 from
about $13 billion in equipment sales.
For Bed Bath & Beyond, Investor's Turnabout Adds to Problems
Ryan Cohen's sale of his 10% stake adds to the uncertainty at a
retailer that is bleeding customers and cash.
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.
(END) Dow Jones Newswires
August 19, 2022 07:00 ET (11:00 GMT)
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