News Highlights: Top Company News of the Day
Samsung is Going Big, Not Home, in Advanced Chips
The South Korean company's ambitious investments in its foundry
business and the increasing politicization of the chip sector will
be tailwinds over the long run.
SpaceX, NASA Set for Latest Crew Launch to Space Station
The mission would mark the sixth time SpaceX has flown
astronauts to the station for the space agency since 2020, and
comes after NASA has moved to deepen its relationship with the Elon
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
Elon Musk's decision to end his war with Twitter isn't just a
big win for the social-media company, but also for some big-name
investors like Carl Icahn, who had amassed a stake of well over
$500 million in the past few months.
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.
Ray Dalio Hands Over Control of Bridgewater
The billionaire Bridgewater Associates founder stepped down as
co-investment chief of the largest U.S. hedge fund firm, nearly
five decades after he started it in his Manhattan apartment.
(END) Dow Jones Newswires
October 05, 2022 09:00 ET (13:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.