News Highlights: Top Company News of the Day
Endo Creditor Group Considers Rival Chapter 11 Bid
A group holding more than $3 billion in Endo bank and bond debt
is weighing an offer for the bankrupt drugmaker's assets after the
company announced a stalking-horse bid from first-lien
Trial Ends in Government Challenge to Book Publishing Merger
Closing arguments were made Friday, and a judge is weighing the
Justice Department's antitrust bid to block Penguin Random House's
proposed acquisition of Simon & Schuster.
Walmart to Cover Medically Necessary Abortions for Workers
The nation's largest private employer also said it would cover
travel for the procedure under its healthcare plan, an expansion of
its policy covering the procedure only when the health of the
mother was in danger.
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.
Jack in the Box Looks to Sell Some Del Taco Locations to Franchisees
The burger chain is working to shed some outlets from Del Taco,
which it acquired in March-part of a move to retain its access to
Federal Regulators Seek Answers About Tesla's Autopilot
NHTSA is asking Tesla for information related to its
cabin-camera system as part of an investigation into crashes
involving its driver-assistance technology.
Rivian Drops Cheapest Versions of Its Electric Truck and SUV Models
Electric-vehicle startup Rivian Automotive Inc. is discontinuing
the least-expensive versions of its pickup truck and SUV models,
citing low customer demand.
Wayfair to Lay Off Almost 900 Workers, Nearly 5% of Its Workforce
The Boston-based furniture and home-goods company said it
expects the cuts to cost between $30 million and $40 million.
Deere's Profit Hit From Higher Costs and Delayed Parts Deliveries
The farm-equipment supplier cut its forecast as supply-chain
problems and rising expenses put pressure on profit margins.
Britishvolt Slashes Valuation Target as CEO Exits
The Glencore-backed electric-vehicle battery maker hopes to
raise funds to build a lithium-ion battery plant in northern
(END) Dow Jones Newswires
August 19, 2022 15:00 ET (19:00 GMT)
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