Tyson Foods Profit Declines as Beef Price Drops 

Profit margins from the meat processor's beef division have come under pressure as consumer demand softens for premium cuts of beef and as cattle herds shrink.

Dell to Cut 5% of Workforce 

Dell Technologies said it is cutting about 5% of its workforce as market conditions continue to erode.

Adani Plans $1.1 Billion Loan Repayment After Share Collateral Plummets 

The group said its founders will prepay the loan that was backed by shares of some of its companies, a move to shore up investor confidence.

Nissan, Renault Alliance Shake-Up to Give Each More Independence 

Nissan and Renault unveiled a long-planned restructuring of their two-decade-old alliance-a decoupling that falls short of a full divorce but gives each car company more autonomy after years of tensions.

Paramount Reveals Plan to Remake Showtime 

The premium cable network is overhauling its slate around franchises after a merger with streamer Paramount+.

Lodging Companies Step Up Efforts to Lure Competitors' Hotels to Their Brands 

Hotel conversions often pick up during periods of economic upheaval and slowing development.

Panera Among Restaurant Companies Looking at IPOs 

More companies in the restaurant industry are aiming to test investors' demand for new listings.

AbbVie Aims for New Drugs to Boost Sales 

The drugmaker is turning to next-generation successors to Humira to replenish billions of dollars in sales that will be lost.

Chevron Explores Algerian Gas Plans Amid Russian Sanctions 

The oil giant is in talks to clinch a deal in the North African nation that holds bigger shale resources than the U.S.

Amazon cut 67,000 jobs in 2022, the first yearly decline in 20 years 

Amazon reduced its workforce by 67,000 in 2022 for the first time in 20 years as the company suffered its biggest yearly loss on record.


(END) Dow Jones Newswires

February 06, 2023 11:00 ET (16:00 GMT)

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