News Highlights: Top Company News of the Day
Costco Not Ready to Cut Prices as Shipping, Commodities Costs Fall
Rising labor costs and prices that were locked in with suppliers
months ago are keeping inflationary pressures on the retailer.
Instacart IPO Could Fuel a 'Game of Thrones' For Food Delivery
Despite its growth, the company's valuation could fall further
in its public debut.
Shell Braces for Profit Hit From Volatile Natural-Gas Prices
The London-based oil company said the pricing and cost swings
from shortfalls of liquefied natural gas will likely cut into
profit from its huge gas business, typically its biggest cash
Brookfield Bets $2 Billion on Music in Deal With Primary Wave
The asset manager will take a significant minority interest in
the publisher and commit $1.7 billion to buying copyrights,
including Joey Ramone's.
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
Virgin Atlantic Quitting Hong Kong Deals Blow to Aviation Hub's Revival
Virgin Atlantic Airways said it would close its office in Hong
Kong and end flight service to and from London's Heathrow Airport,
a sign of the hurdles facing the Chinese city as it seeks to regain
its reputation as an aviation hub.
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.
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
(END) Dow Jones Newswires
October 06, 2022 07:15 ET (11:15 GMT)
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