News Highlights: Top Company News of the Day
IKEA Looks to Speed Up E-Commerce With Software Acquisition
The furniture retailer has been generating a higher proportion
of its sales online and said it wants to better serve digital
American Airlines stock rallies after raised profit outlook, citing continued strong demand
American Airlines' stock rallied Wednesday after the air carrier
raised its second-quarter outlook for profit, citing continued
Twitter Is Now Worth a Third of What Musk Paid for It, Fidelity Says
The social-media company's value fell to around $15 billion, as
Fidelity cut its valuation for a third time.
Nearly 4 Million Kia Cars Have Potentially Explosive Air-Bag Parts, Document Shows
The Korean auto brand disclosed to federal regulators in 2016
the number of vehicles it has made that have inflators from ARC
Jamie Dimon Says He Never Discussed Epstein's Accounts; Staley Says He Did
Former top JPMorgan executive Jes Staley said in legal documents
that he communicated with CEO Jamie Dimon about the bank's business
with convicted sex offender Jeffrey Epstein.
Holmes's Victims Likely Won't Get Much Restitution
The disgraced Theranos founder and the former executive Ramesh
Balwani must pay $452 million in restitution, but like many
criminals, they have limited means.
Yeezy Sneakers Go Back on Sale as Adidas Looks to Move Past Controversy
Adidas released the first batch of more than $1 billion worth of
Yeezy-branded sneakers, putting in motion the final steps in the
agonized, monthslong dissolution of its once-lucrative
collaboration with Kanye West.
Advance Auto Parts 1Q Earnings Fall
Advance Auto Parts logged a slimmer profit and
lower-than-expected sales for the first quarter.
Franklin Templeton to Acquire Putnam Investments From Great-West Lifeco
The deal is set to boost asset manager Franklin's growth in the
Have Megafirms Like Nvidia Grown Too Big? Investors Believe They Are Only Getting Started
Crowding into big companies such as Nvidia is about more than
safety. In every U.S. industry except telecommunications, the
top-10 stocks have outpaced the rest.
(END) Dow Jones Newswires
May 31, 2023 11:15 ET (15:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.