News Highlights: Top Company News of the Day
February 07 2023 - 07:15AM
Dow Jones News
Meta to Revamp Horizon Metaverse App, Plans to Open for Teen Use as Soon as March
Facebook parent Meta's new strategy for its fledgling Horizon
Worlds metaverse app includes opening it up to teens aged 13 to
Robinhood Hits Back at SEC, Warns of Threat to Zero-Commission Trading
The regulator's proposals would crimp payment for order flow, a
key source of the brokerage's revenue.
Armada Hoffler Plans Private Bond Sales After Securing First Credit Rating
The REIT wants to reduce the proportion of its debt tied to
variable rates from its current 55% to about 10% over the next five
to 10 years, the CFO says.
Apollo in Talks to Take Stake in Credit Suisse Unit
An investment in CS First Boston would represent another level
of commitment from Apollo, which had previously agreed to take over
Credit Suisse's securitized-products group.
BP Slows Transition to Renewable Energy as Oil Bonanza Continues
The company said it would shift to lower-carbon energy,
increasing spending on the oil-and-gas production that helped push
the company to a record profit last year.
SoftBank Loses Nearly $6 Billion in Quarter as Investments Suffer
SoftBank Group's tech investment vehicles posted a loss of
nearly $6 billion in the latest quarter, leading the company to
reiterate its conservative approach.
Beyoncé's Ticket Sales Are Ticketmaster's Next Test After Taylor Swift
Fan presales for the superstar's Renaissance World Tour are
staggered over several weeks to mitigate overwhelming demand that
previously crashed Ticketmaster's site.
Nintendo Cuts Guidance on Weaker Sales
The Japanese videogame company expects weaker sales of Switch
consoles and software.
BNP Paribas Ups Targets Despite Profit Miss
BNP Paribas profit and revenue missed expectations in the fourth
quarter but it announced EUR5 billion in buybacks and raised its
financial targets through 2025.
CVS Nearing $10.5 Billion Deal for Primary-Care Provider Oak Street Health
The deal, which could be announced this week, would expand the
health insurer and pharmacy chain's role in medical care.
(END) Dow Jones Newswires
February 07, 2023 07:00 ET (12:00 GMT)
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