News Highlights: Top Company News of the Day
GM Reinstates Quarterly Dividend Suspended in April 2020
Executives say progress on key initiatives gave the company
confidence to reinstate the quarterly dividend and resume share
Wayfair to Lay Off About 5% of Global Workforce
The Boston-based furniture and home-goods company said it
expects the layoffs to cost between $30 million and $40
Regal Cinemas Owner Cineworld Prepares for Bankruptcy Filing
Theater admissions aren't recovering fast enough for the world's
second-largest cinema chain to avert insolvency.
Deere's Profit Rises on Demand for Farm, Construction Equipment
Inflationary pressures and supply-chain snarls created
challenges in the third quarter.
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.
Grubhub's Owner Begins a Necessary Slim Down
After years of swallowing new businesses, Grubhub's owner has
begun a painful but much-needed purge.
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.
Sprouts Farmers Market Could Blossom
Focus returns to growth story as the company's comparable-store
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.
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.
(END) Dow Jones Newswires
August 19, 2022 09:15 ET (13:15 GMT)
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