News Highlights: Top Company News of the Day
January 27 2023 - 11:30AM
Dow Jones News
Salesforce Names Three Directors, Braces for Proxy Fight
The appointments follow activist investor Elliott Management's
investment in the business-software provider.
Intel's Leap of Faith Turns Into a Lurch
The chipmaker's expensive turnaround plan has run headlong into
a historic sales slump.
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.
American Express Earnings Missed. The Stock Is Rising on a Dividend Boost.
Amex is lifting its quarterly dividend by 15% to 60 cents a
share, overshadowing fourth-quarter earnings that came in lighter
FTX Foreign Customers Hit Language Barriers as They Fight for Their Crypto
The voluminous paperwork created by FTX's bankruptcy is
available only in English, creating a hurdle for some foreign
customers in an already esoteric system.
SeaWorld Shuffles Executives, Names Interim Financial Chief
SeaWorld is shuffling its executives, moving Chief Financial
Officer Chelle Adams, who took that job less than a year ago, to
the newly created role of chief transformation officer.
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
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.
CVS, Walmart to Cut Pharmacy Hours
Operating schedules remain a "pain point" for pharmacists as
drugstore chains seek to improve the work environment.
(END) Dow Jones Newswires
January 27, 2023 11:15 ET (16:15 GMT)
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