News Highlights: Top Company News of the Day
Novartis's Sandoz Sets Out Post-Spinoff Growth Plan
Novartis's generics unit Sandoz forecast product pipeline net
sales of $3 billion over the next five years and a core earnings
margin of 18%-19% this year, lower than previously forecast due to
inflation and costs.
Google Gets Stricter About Employees' Time in Office
The search giant, which asks most workers to be in an office
three days a week, will consider attendance as part of
GameStop Shares Fall as It Fires CEO and Names Ryan Cohen Executive Chairman
Chief Executive Matt Furlong is out at the videogame and
Serta Simmons Defeats Holdout Lenders to Seal Chapter 11 Restructuring
A bankruptcy judge upholds the bedding maker's disputed 2020
debt deal, handing control to majority lenders.
Binance.US Was Deeply Unprofitable in 2022, Documents Show
The U.S. arm of Binance, the world's largest crypto exchange,
lost $181 million last year, filings by the Securities and Exchange
CNN CEO Chris Licht Is Out
CNN parted ways with its chief executive, ending a tenure of a
little over a year that was marked by a series of missteps.
New York Is Latest City to Sue Automakers Kia and Hyundai Over Car Thefts
The vehicle companies have offered free software as a fix to the
Tesla's stock rises to longest winning streak in more than 2 years
Investors have been piling into Tesla Inc.'s stock as it rallies
toward its longest winning streak since January 2021.
Campbell's U.S. Soup Sales Cool Off
Campbell Soup reported a decline in U.S. soup sales, but said
consumers are starting to shift purchasing back to shelf-stable
products and away from pricier items on the supermarket
Amazon Plans Ad Tier for Prime Video Streaming Service
Amazon is planning to launch an advertising-supported tier of
its Prime Video streaming service as it looks to generate more
revenue from entertainment.
(END) Dow Jones Newswires
June 08, 2023 03:00 ET (07:00 GMT)
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