News Highlights: Top Company News of the Day
Elon Musk, Twitter at Odds Over Terms of Agreement to Close Deal
The billionaire and the social-media platform are hashing out
conditions tied to financing and dropping litigation over the
Ford's Electric F-150 Lightning Truck Gets Higher Starting Price-Again
Auto maker cites supply-chain issues, rising material costs and
market factors as it increases cost of entry-level EV pickup.
U.S. Looks to Ease Venezuela Sanctions, Enabling Chevron to Pump Oil
The Biden administration is preparing to scale down sanctions on
President Nicolás Maduro's authoritarian regime to allow Chevron to
resume pumping oil there, according to people familiar with the
Shell Warns of Profit Hit on Lower Refining Margins
Shell warned that a steep fall in refining margins will have a
negative impact of between $1 billion and $1.4 billion on its
third-quarter adjusted earnings, while it also expects lower
results from its Integrated Gas business.
Analysis: Credit Suisse's Woes Don't Make for a Lehman Moment
European banks aren't at risk of facing a Lehman-style crash,
analysts say, following the stream of negative stories and market
turmoil hitting Credit Suisse.
Diageo Keeps Guidance Despite Multiple Challenges
Diageo said it made a good start to fiscal 2023 and remains
well-positioned to deliver its medium-term guidance despite
expecting the operating environment to remain challenging.
Second Australian State Finds Star Unsuitable to Hold Casino License
Queensland's government has found The Star Entertainment Group
Ltd. is unsuitable to hold a casino license in the state, mirroring
a similar conclusion reached by neighboring New South Wales state
following a review
Battery Maker CALB Falls in Hong Kong Debut
Chinese electric-vehicle battery maker CALB fell in its Hong
Kong trading debut, becoming the latest newly listed company in the
Asian financial hub to struggle with a cooling equities market.
Former Uber Security Chief Found Guilty of Obstructing FTC Probe
Joe Sullivan covered up a 2016 data breach by paying hackers a
$100,000 "bug bounty," prosecutors said.
J&J Wins Bankruptcy Pause on States' Talc Lawsuits
Johnson & Johnson won bankruptcy court approval to keep on
hold lawsuits brought by New Mexico and Mississippi that accuse the
consumer-health giant of concealing cancer-causing material in its
(END) Dow Jones Newswires
October 06, 2022 05:15 ET (09:15 GMT)
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