News Highlights: Top Company News of the Day
March 29 2023 - 05:30AM
Dow Jones News
UBS Brings Back Former CEO After Credit Suisse Deal
Sergio Ermotti, who previously ran UBS for nine years, will
return as the Swiss bank moves into a new era following the $3.2
Jamie Dimon to Face Questioning in Lawsuit Over JPMorgan's Epstein Ties
The bank had resisted the U.S. Virgin Islands' efforts to force
the CEO to submit to a deposition.
For Alibaba, Six Is Bigger Than One-And a Smaller Target
There are good reasons to think that a split-up Alibaba would be
more valuable. In this case, politics and profits are pointing in
the same direction.
EV Startup Lucid Cuts 18% of Workforce, Including Some Executives
The maker of high-end electric cars plans to lay off about 1,300
Lululemon's stock soars 13% on revenue, earnings beat
Lululemon Athletica Inc.'s stock vaulted more than 13% in
extended trading Tuesday after the clothing retailer reported
quarterly results that topped analyst revenue and earnings
estimates, and offered strong full-year revenue guidance.
Cal-Maine Foods profit jumps eightfold, revenue more than doubles as egg prices rise
Prices for eggs rose significantly and avian bird flu continued
to affect egg production, but Cal-Maine beat Wall Street
Sam Bankman-Fried Charged With Bribing Chinese Officials
Prosecutors accused the FTX founder of conspiring to pay off
Chinese officials to regain access to more than $1 billion in
Lawmakers Scold Fed Over Silicon Valley Bank Collapse
Senators rebuked the Federal Reserve for failing to prevent the
collapse of Silicon Valley Bank despite identifying risks
beforehand, while the central bank's top regulator blamed the
firm's executives for not fixing its problems.
Micron reports largest loss on record, but stock gains as execs say inventory issues have peaked
Micron reported its largest quarterly loss on record Tuesday,
but shares held up as executives suggested the memory-chip market
may be reaching a bottom.
Binance Sees $2 Billion in Outflows as Troubles Compound
In a tumultuous few days, the crypto giant raised fees, suffered
software issues and faced a regulator lawsuit.
(END) Dow Jones Newswires
March 29, 2023 05:15 ET (09:15 GMT)
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