News Highlights: Top Company News of the Day
H&M to Lay Off 1,500 Staff to Stem Rising Costs
Fast-fashion giant is latest retailer to announce job cuts amid
GM's Cruise Seeks Regulatory OK to Test Shuttle With No Steering Wheel
The driverless-car firm is seeking permission from the
California DMV to deploy its Origin shuttles on public roads as
test vehicles on San Francisco streets.
DoorDash Cuts Staff by 1,250 to Rein in Costs
The food-delivery company's operating expenses grew too fast,
its CEO said.
Petco Shares Rise as Quarterly Sales Tick Up
Shares of Petco Health and Wellness rose after the company
reported higher third-quarter sales and earnings that met analyst
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.
Honda Plans New Autonomous Features but Sees Long Road Ahead to Self-Driving Cars
The auto maker said it would focus for now on partially
autonomous driving technology to improve safety, joining others
that say fully self-driving cars aren't ready for prime time.
Hormel's Revenue Slips 5% on Fewer 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
(END) Dow Jones Newswires
November 30, 2022 11:00 ET (16:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.