News Highlights: Top Company News of the Day
Conagra's Sales Rise Nearly 10% on Higher Prices
A shift in the mix of items sold also helped add to the sales
gain, even as costs ballooned 15%.
Credit Suisse Is Seeking an Outside Investor for Investment Bank Spin Off
Bringing in a partner would help with funding as the lender
tries to hire and retain staff.
Peloton to Cut 500 More Jobs in Last Bid for Turnaround
Chief Executive Barry McCarthy said the company has six months
to prove it can survive on its own.
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.
Crypto Exchanges Cut Fees to Gain Market Share
Binance and Coinbase are following Wall Street's trading
approach to win over customers.
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.
Musk, Twitter at Odds Over Terms 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.
(END) Dow Jones Newswires
October 06, 2022 09:00 ET (13:00 GMT)
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