News Highlights: Top Company News of the Day
How a Social-Media Frenzy Around Credit Suisse Rattled Its Stock
Fast-spreading rumors circulating on Reddit and Twitter served
as a reminder of the sway online forums can now exert over
Former Apple Executive's EV Battery Startup Plans $1.6 Billion Factory in Michigan
Our Next Energy has plans for its factory to produce enough
cells annually for 200,000 EVs by the end of 2027.
Facebook Tweaks News Feed, Giving Users More Control
The social-media company said users can now choose "show less"
or "show more" on individual posts which will allow them to curate
the type of content they see.
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.
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
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.
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.
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%.
(END) Dow Jones Newswires
October 05, 2022 11:00 ET (15:00 GMT)
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