News Highlights: Top Company News of the Day
June 07 2023 - 07:15AM
Dow Jones News
Volvo Rolls Out All-Electric SUV Aimed At First-Time Buyers
The company hopes the new SUV can help it address one of the
biggest challenges automakers face: To meet ambitious EV goals,
they have to offer more affordable cars.
Lawmakers Try Again to Curb Visa, Mastercard Fees, With Broader Support
Lawmakers plan to re-up proposed legislation that would give
merchants the power to process many credit cards over different
networks.
Wealthfront Launches Robo for Bonds
There is growing investor demand for one of the most boring
asset classes.
U.S. Nears Deal to Produce GE Jet-Fighter Engine in India
The two nations are working to meet the threat from China and
reduce New Delhi's dependence on Russia for military equipment.
The Global Brands Coming to a Mall Near You
American consumers have long been renowned for their spending
power. Now global retailers want a bigger slice of the action.
PGA Tour Deal With LIV Golf Puts Sponsors on the Spot
Sponsors and other companies affiliated with the PGA Tour will
face a reckoning in the wake of the golf powerhouse's decision to
combine with the Saudi-backed upstart LIV Golf, marketing
executives said.
Mercedes Teams Up With Green Steelmaker to Slash Emissions
In addition to securing supply for Mercedes's European factories
over the coming years, the companies have also agreed to explore
potential steel production in North America.
Judge Punts on Legality of Decentralized Finance Protocol PoolTogether
More than a year and a half after a user of the decentralized
finance protocol PoolTogether brought a lawsuit challenging its
legality, a federal judge in New York on Tuesday said questions it
raised should be handled in state court.
Indian Education-Tech Firm Byju's Sues Lenders That Seek to Enforce Default
Byju's, backed by a number of high-profile investors, alleges
lenders concocted bogus default claims to take control of the
company
STMicroelectronics, Sanan Join Forces in China
STMicroelectronics and Sanan Optoelectronics said they are
forming a semiconductor-manufacturing joint venture in China, with
$3.2 billion in total build-out funding.
(END) Dow Jones Newswires
June 07, 2023 07:00 ET (11:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.