News Highlights: Top Company News of the Day
Robert Iger at Town Hall Vows to Focus on Creativity
The Disney CEO tells employees that the company needs to chase
profitability from streaming rather than new subscribers.
BlockFi Files for Bankruptcy as Latest Crypto Casualty
Cryptocurrency lender BlockFi filed for bankruptcy, making it
the latest major digital assets company to fail since FTX, with
which BlockFi is financially intertwined.
Meta Fined $276 Million in Europe for Data-Scraping Leak
The fine issued by Ireland's Data Protection Commission, Meta's
main privacy regulator in the European Union, is the latest sign of
how authorities in the region are becoming more aggressive in
applying the bloc's privacy law to big technology companies.
Analysis: Nestle's Pricing Dynamics in Focus at Investor Day
Nestle's near-term pricing dynamics are expected to be a key
focus for the market at the company's investor day, with the
consumer-goods industry struggling with high costs.
Kim Kardashian Reevaluates Balenciaga Ties After Ads With Teddy Bears in Bondage Gear
The reality TV star said she was re-evaluating her business ties
with the fashion brand after it ran a controversial campaign
featuring children holding teddy bears clad in bondage gear.
Twitter Is Too Musk to Fail
Twitter's finances are bleak, but Elon Musk would rather make it
a money pit than allow it to buckle under.
It's Cyber Monday. What Steep Discounts Mean for Retailers.
How much margin are retailers willing to sacrifice in order to
clear excess inventory, asks one analyst. More importantly,
investors may not be willing to bear the pain.
In Satellites, Antitrust Could Lead to Less Competition
Elon Musk's Starlink would benefit if consolidation among other
players stalls, as could be the case if U.K. regulators block
Viasat's takeover of Inmarsat.
JPMorgan, Others in Talks to Reimburse Zelle Customers
U.S. banks including JPMorgan Chase and Wells Fargo are devising
a plan to compensate victims of scams on the Zelle payment
Investors Are Losing Patience With Driverless Cars' Slow Pace
Investors are getting impatient with the pace of driverless-car
development, pressuring an industry that has had to scale back
plans and retrench.
(END) Dow Jones Newswires
November 28, 2022 13:00 ET (18:00 GMT)
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