Rivian's Losses Nearly Triple to $1.7 Billion 
 

The electric-vehicle maker said its operating loss is expected to grow to $5.45 billion, from its previous projection of $4.75 billion for the full year, further pressuring the startup to conserve cash and move quickly to fill customer orders.

 
J&J to Stop Selling Talc-Based Baby Powder Globally Next Year 
 

The company had already stopped selling the product in the U.S. and Canada, citing a decline in customer demand amid safety concerns.

 
Deutsche Telekom Nearing Majority Ownership of T-Mobile 
 

The German company could launch a stock buyback once the threshold is reached.

 
ValueAct Takes Stake in New York Times 
 

The activist investor disclosed a 6.7% stake in the news organization and intends to push the media company to more aggressively market subscriber-only content.

 
Warby Parker Cuts Sales Forecast, Corporate Staff as Consumers Delay Purchases 
 

The eyeglasses maker affirmed its plan to open 40 retail locations this year.

 
Cardinal Health CEO Steps Down 
 

Chief Executive Officer Mike Kaufmann is leaving the healthcare products distributor as it struggles with the impact of inflation and supply-chain constraints.

 
McDonald's to Reopen Some Restaurants in Ukraine 
 

The fast-food chain had closed its operations in the country in February after Russia's invasion.

 
SEC Investigating Melvin Capital Management 
 

The regulatory agency is asking about the hedge fund's risk controls and disclosures following meme-stock losses last year.

 
Walgreens Offers Bonuses Up to $75,000 to Recruit Pharmacists 
 

Thousands of the drugstore chain's locations operate with reduced pharmacy hours due to a pharmacist shortage.

 
Sears and creditors reach $175 million deal with Eddie Lampert to settle litigation over allegations of self-dealing 
 

After four years stuck in bankruptcy limbo, Sears Holdings and its creditors have reached a settlement with former Chief Executive and majority shareholder Eddie Lampert and other investors, clearing the path for the once-storied retailer to execute its bankruptcy plan.

(END) Dow Jones Newswires

August 11, 2022 19:00 ET (23:00 GMT)