News Highlights: Top Company News of the Day
DoorDash Cuts Staff by 1,250 to Rein in Costs
Growth has tapered from pandemic highs, the chief executive said
in a memo to staff, and operating costs would continue to outpace
sales growth if left unaddressed.
Volkswagen, Honda Suspend Production at China Plants Due to Covid-19 Curbs
The production halts underscore how supply-chain disruptions are
bubbling up yet again in China.
Hormel's Revenue Slips 5% on Fewer Bacon, Turkey Sales
The company's refrigerated-foods business saw volumes drop 19%
without the benefit of an additional week in last year's fiscal
Early Alameda Staffers Quit Over Risk, Compliance Concerns
"We ended up not really knowing how much money we even had," one
former employee said.
Twitter's Former Trust and Safety Chief Says He Left When System of Governance Went Away
Yoel Roth said he departed following the botched launch of the
upgraded Twitter Blue subscription program after Elon Musk ignored
his team's warnings about the rollout.
Amazon Is Signaling its India Fatigue
Closing small subsidiaries doesn't at first look like a major
defeat. But the exit from wholesale e-commerce means, for now at
least, Amazon is conceding to Walmart-backed Flipkart and Reliance
Airbnb Aims to Attract Big Landlords With a Cut of Its Rental Sales
A new service for rental apartments will act as a listing
platform, similar to Zillow or Apartments.com, but it will only
include units where short-term sublets are allowed.
Elon Musk's Neuralink Set to 'Show and Tell' Latest Brain-Computer Advances at Event
Startup, which aims to help patients with neurological
conditions or others by decoding brain activity with technology, is
set to broadcast latest update.
General Catalyst Backs Clinical Trials Startup Vial
Venture firm General Catalyst has led a new investment in Vial
Health Technology, a startup whose technology and services are
designed to help biotechnology companies run faster and
more-efficient clinical trials.
Rio Tinto Expects Steady Iron-Ore Shipments in 2023
Rio Tinto expects iron-ore shipments from its Australian mines
to be steady year over year in 2023, and for aluminum output to
(END) Dow Jones Newswires
November 30, 2022 09:00 ET (14:00 GMT)
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