News Highlights: Top Company News of the Day
January 27 2023 - 07:30AM
Dow Jones News
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company's profit milestone is about one-third higher
than its prior peak.
Louis Vuitton's Owner Is Still Reading China's Tea Leaves
The French luxury company reported record sales in 2022 thanks
to American spending, but it's too early to say if China will
Tesla Has Become One of the Hottest Stock-Option Trades on Wall Street
Traders have spent $700 billion on options tied to the
electric-vehicle maker over the past 13 months.
Infrastructure Companies Say Suppliers Pose a Growing Cyber Threat
Companies in critical infrastructure sectors say weak cyber
defenses at suppliers are becoming a significant threat to their
business, and that rules to boost security down the supply chain
might be needed.
Intel's Data Warning Hits AMD, Nvidia. Clouds Gather.
Stocks fall as worrying forecast spreads contagion in the
H&M Profit Battered by Rising Costs, Russia Exit
The fast-fashion giant reported a 68% decline in annual profit
after economic and geopolitical challenges hampered its efforts to
rebound from the Covid-19 pandemic.
Adani Pushes On With Offering as Group Stocks Extend Selloff
India's Adani Enterprises started taking orders for a secondary
share offering, even as many of the group's companies extended a
selloff in the wake of a critical report by U.S. short seller
Bestway Builds Stake in Sainsbury's
Wholesaler Bestway has bought a 3.45% stake in Sainsbury's worth
around GBP193 million, but said it wasn't considering an offer for
Remy Cointreau Posts Lower Sales as U.S. Consumption Trends Normalize
Remy Cointreau's sales for the third quarter of fiscal 2023 fell
0.7% as consumption trends in the U.S. normalized, but reported a
rise in shipments to China ahead of the Lunar New Year.
Visa rides a wave of spending to an earnings beat
Visa shares gained more than 1% in after-hours trading Thursday
after the financial-technology powerhouse topped earnings and
revenue expectations for its latest quarter.
(END) Dow Jones Newswires
January 27, 2023 07:15 ET (12:15 GMT)
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