News Highlights: Top Company News of the Day
May 13 2022 - 07:30PM
Dow Jones News
Netflix to Employees: If You Don't Like Our Content, You Can Quit
Streaming giant adds new "artistic expression" section in first
update to corporate culture guidelines since 2017.
Elon Musk Says Twitter Deal Is 'On Hold'
Elon Musk said his deal to buy Twitter was "on hold," raising
questions about the takeover and sending shares of the messaging
service lower.
Head of Wells Fargo Advisors to Step Down
To oversee the business, the bank will turn to a relative
newcomer to Wells Fargo: Sol Gindi, who joined the company in
2020.
Activist Investor Seeks Ryder Buyout in $4.4 Billion Deal
Activist investor HG Vora Capital Management is offering to
acquire Ryder System in a $4.4 billion deal that would take the
fleet management and supply-chain operator private.
United Airlines Reaches Preliminary Deal With Pilots Union
The airline is the first major carrier to get a tentative
agreement, but union leadership and members still have to approve
the deal.
Crypto's Merry Band Comes Back To Robinhood
The investment in Robinhood by FTX founder Sam Bankman-Fried may
be a bullish signal for crypto believers, but Robinhood still faces
a long road ahead.
Facebook, Twitter Are Pulling Back on Hiring-Will Others Follow?
Facebook, Twitter and some of America's fastest-growing tech
companies are signaling their hiring spree is over. What does it
mean about the direction of the U.S. job market?
Toshiba Shareholder Payday Still Has One More Hurdle: Tokyo
After years of delays and deflections, Toshiba management has
finally agreed to consider selling the company. But Tokyo will
still have the ultimate say.
TikTok Is Eating Up Rivals. Can It Keep Users Hooked?
The app capitalized on consumers' bite-sized attention span. Now
rivals are competing for the same eyeballs.
Honda Motor's Net Profit Slid Amid Weaker North American Earnings
Japan's Honda Motor Co. said fourth-quarter net profit fell 41%
from a year earlier due partly to weaker earnings from North
American operations.
(END) Dow Jones Newswires
May 13, 2022 19:15 ET (23:15 GMT)
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