News Highlights: Top Company News of the Day
Airlines Face a Shortage of New Boeing, Airbus Jets
Carriers focus on challenges in planning their networks and
increasing flights as plane makers juggle supply-chain, other
BlackRock Names Martin Small as Next CFO
The financial giant said Small will succeed Gary Shedlin as its
next finance chief, effective next year.
Prosus Drops $4.2 Billion Takeover of India's BillDesk
The acquisition of Indian payments platform BillDesk would have
been the largest-ever takeover for Amsterdam-listed Prosus, which
is majority owned by South African holding company Naspers.
Credit Suisse Has No Time to Lose
The bank risks getting caught in a doom loop as worries flood
into a strategic vacuum while investors wait for a new turnaround
plan. Management needs to act quickly to break the cycle.
Google Pulls Translation App From China
Google discontinued its Google Translate service in mainland
China citing low usage, marking another retreat by the U.S. tech
giant from the country.
Florida's Strengthened Electric Grid Mostly Withstood Hurricane Ian
Some Florida utilities have invested billions of dollars in
strengthening the state's grid, which the companies say prevented
far worse destruction.
Vodafone in Talks to Merge with
Vodafone said it was in discussions with CK Hutchison in
relation to a possible combination of their businesses in the
Southeast Asia's Internet Giants Bet on 'Buy Now, Pay Later'
Some of Southeast Asia's largest internet companies are trying
to boost their revenues with an old-fashioned business:
Fandom Acquires Online Assets of TV Guide, Metacritic and Others
The entertainment company's $55 million deal follows a wave of
consolidation in the publishing world.
Nike's Inventory Woes Stretch to China as Covid Recovery Remains a Challenge
As supply-chain snarls ease up for big firms, Covid-19 lockdowns
mean reduced sales and tighter margins for companies.
(END) Dow Jones Newswires
October 03, 2022 09:15 ET (13:15 GMT)
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