News Highlights: Top Company News of the Day
January 30 2023 - 01:15PM
Dow Jones News
J&J's Talc Bankruptcy Case Thrown Out by Appeals Court
A federal appeals court said Johnson & Johnson's LTL
Management can't use bankruptcy to resolve numerous talc-injury
Ford Cuts Prices of EV Mustang Mach-E
The move came weeks after Tesla reduced prices on a number of
AMC's Two Equity Securities Begin to Converge After Shareholder Proposal Released
AMC's so-called Ape units are rising while its common shares are
falling as the movie theater operator nears a consequential
Philips to Cut a Further 6,000 Jobs
The job cuts are part of a reorganization aimed at improving
Philips's performance and add to a wave of corporate layoffs in
GE HealthCare's First Solo Earnings Are Strong. It's Bullish on the Future.
The company was spun out of General Electric on Jan 3. It posted
fourth-quarter earnings per share of $1.31 and sales of just more
than $4.9 billion.
Nissan and Renault Fix One Problem, Leave Others
A new era for the unhappy marriage between the two auto makers
brings hope but also complications.
Unilever Taps Dairy Boss as New CEO
Hein Schumacher, the head of a European dairy cooperative, will
take over in July. Activist investor Nelson Peltz said he strongly
supported the appointment.
Rout in Adani Stocks, Bonds Deepens
The namesake conglomerate of India's richest man, Gautam Adani,
fired back at an American short seller, but the group's 413-page
response didn't stop a slide in the shares and bonds of its
TikTok's Chief to Testify Before Congress in March
Shou Zi Chew has agreed to appear before the House Energy and
Commerce Committee as Republican lawmakers step up scrutiny of the
Chinese-owned video-sharing app.
Tesla's Big Price Cuts Spark Backlash
Tesla's decision to slash prices on some vehicles has upset some
customers, many of whom paid thousands of dollars more for their
cars just weeks earlier.
(END) Dow Jones Newswires
January 30, 2023 13:00 ET (18:00 GMT)
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