News Highlights: Top Company News of the Day
March 22 2023 - 05:30AM
Dow Jones News
First Republic Bank Taps Lazard for Help With Review of Strategic Options
The California bank seeks to regain its footing after the
failure of two other lenders caused its depositors to flee.
Silicon Valley Bank's Former Parent Says FDIC Seized About $2 Billion of Its Cash
The Federal Deposit Insurance Corp. says the former parent, SVB
Financial, might have to shoulder costs related to the bank
GameStop Shares Surge After It Posts Surprise Profit
The videogame retailer recorded its first quarterly profit in
Nike Sales Jump as It Works Through Inventory Glut
Profit at the sneaker maker fell 11% as it relied on higher
TikTok CEO Shou Zi Chew Promises Firewall to Shield User Data
In his prepared remarks to Congress, the CEO will say that
TikTok 'will not be manipulated by any government.'
UBS to Buy Back Some of Its Own Bail-In Notes
UBS is launching a tender for senior bail-in notes worth EUR2.75
billion in aggregate that were issued last week, just before its
agreement to take over Credit Suisse.
Trucking Giant Knight-Swift Transportation to Buy U.S. Xpress
The acquisition at four times Monday's closing stock price for
the rival carrier will boost Knight-Swift's fleet to about 25,000
As Ford Carves Out Its EV Unit, Reporting by Region Gets Ditched
The auto maker's reorganization aims to provide greater insights
into the fast-growing electric-vehicle division and its ambitious
Fox News, Dominion Spar in Court Ahead of Defamation Trial
Both sides asked a Delaware judge to give them a win without the
case going to a jury.
Tesla Price Cuts Show There's a Method to Musk's Madness
The electric-vehicle maker's annual growth in EU registrations
of nearly 50% outstripped that of industry peers such as
(END) Dow Jones Newswires
March 22, 2023 05:15 ET (09:15 GMT)
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