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 years.

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 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.


(END) Dow Jones Newswires

August 19, 2022 07:00 ET (11:00 GMT)

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