News Highlights: Top Company News of the Day
Rio Tinto to Spend $395 Million on Australia Desalination Plant
Rio Tinto said it plans to invest in a seawater desalination
plant in the Pilbara region of Western Australia, where it runs
massive iron-ore mining operations.
Twitter's Top Content Moderation and Safety Executive Leaves
Ella Irwin, who declined to discuss her reason for leaving,
departed on a day when Elon Musk said Twitter employees erred in
how they handled a documentary.
Judge in Disney-DeSantis Case Recuses Himself
U.S. District Judge Mark Walker said that a relative owned 30
shares of Disney stock.
Meta Requires Office Workers to Return Three Days a Week
The change will take effect Sept. 5 for employees already
assigned to an office, while remote workers' status won't change,
the company said.
Diamond Sports Is Denied Discount on MLB Broadcast Rights
A bankruptcy judge won't reduce the broadcast company's fees to
pro baseball's Diamondbacks, Twins, Guardians and Rangers.
Dollar General: No Longer Downturn-Proof
Pinched lower-income consumers are cutting back, and
middle-class ones aren't trading down enough.
Boeing Delays Astronaut Flight After New Safety Problems Emerge
The aerospace giant postponed the first crewed mission of
Starliner, a space vehicle it has been struggling to prepare for
human flight for years.
Dell Earnings Crush Estimates, But Mixed Guidance Pressures the Stock
Dell beat expectations despite continues macro headwinds. The
company hinted that it is feeling more upbeat on the outlook for
the 2023 second half.
Auto-Safety Regulators Failed to Finish Probes in Timely Manner, Government Audit Finds
The report said NHTSA should also provide more transparency by
making documents related to investigations of defects public.
Broadcom CEO Sees Rising AI Chip Demand. Earnings Were Strong.
Chip maker Broadcom reported better-than-expected earnings for
its fiscal second quarter. The revenue outlook topped Wall Street's
forecast, as well.
(END) Dow Jones Newswires
June 02, 2023 03:15 ET (07:15 GMT)
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