News Highlights: Top Company News of the Day
How Macy's Has Avoided the Inventory Pileup Plaguing Other Apparel Chains
Executives say they cut orders and shifted inventory after
seeing some troubling signs in credit-card spending.
Inflation, Consumer Pessimism Push U.K. Firms to Close Their Doors
Thousands of businesses across the U.K. are buckling under
rampant inflation and flagging consumer demand, adding to a growing
corporate casualty list in Europe stemming from the war in
CALB to Raise About $1.26 Billion From Hong Kong IPO
Chinese battery maker CALB Co. has priced its Hong Kong initial
public offering at $4.84 a share, aiming to raise an estimated
$1.26 billion in net proceeds.
Icahn, Others Clean Up on Musk's Twitter About-Face
The activist investor had a stake in the social-media company
worth well over $500 million before Tuesday, sources say.
Elon Musk Proposes Closing Twitter Deal on Original Terms
An agreement would allow the social-media company and the
billionaire to avert a high-stakes trial that was set to start
soon; Twitter shares soar 22%.
Juul Prepares to Seek Financing for Potential Bankruptcy Process
The vaping company has been working with restructuring advisers
amid a dispute with the FDA.
Amazon Freezes Hiring in Retail Division
The company has been dealing with slowing growth in its retail
segment this year.
DXC Stock Surges on News of Potential Sale
The information-technology company said it has been approached
regarding a potential acquisition, but that it hasn't received a
Nikola's Trevor Milton Hangs Legal Defense on Expert Testimony
Lawyers are looking to a Harvard professor to help persuade
jurors that the former chief executive's allegedly misleading
tweets and podcast interviews didn't move markets.
Google Settles Arizona User-Tracking Suit
The search giant will pay $85 million to resolve a suit claiming
that it recorded users' locations even after they tried to turn off
the company's tracking on smartphones and web browsers.
(END) Dow Jones Newswires
October 05, 2022 07:15 ET (11:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.