News Highlights: Top Company News of the Day
January 27 2023 - 09:30AM
Dow Jones News
American Express Posts an Earnings Miss. But the Stock Rises on Dividend Boost.
AmEx is lifting its quarterly dividend by 15% to 60 cents a
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.
Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall
The tire maker is shedding roughly 5% of its salaried staff
around the world, joining a raft of companies trimming their head
Selloff in Adani Stocks Wipes Out $47 Billion in Market Value
Five of the seven listed Adani Group companies ended 16% to 20%
lower, hit by a short seller's allegations of fraud involving the
CVS, Walmart to Cut Pharmacy Hours
Operating schedules remain a "pain point" for pharmacists as
drugstore chains seek to improve the work environment.
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.
(END) Dow Jones Newswires
January 27, 2023 09:15 ET (14:15 GMT)
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