News Highlights: Top Company News of the Day
May 17 2022 - 11:30PM
Dow Jones News
JPMorgan Shareholders Reject Jamie Dimon's $50 Million Bonus
Only 31% of shareholders voted in favor of the bank's
compensation plan, but the vote isn't binding.
Cerebral Board Members Agree to Replace CEO Amid Federal Probe Into Prescription Practices
Directors who controlled the board plan to install the
mental-health startup's chief medical officer in place of
co-founder Kyle Robertson.
Apple Pauses Plans for Three Days a Week in the Office
The iPhone maker had been gradually increasing the number of
days in the office as it rolled out its hybrid work plans.
Netflix Cuts About 150 Staffers in Another Round of Layoffs
Layoffs make up about 2% of its workforce as Netflix grapples
with slowing revenue growth.
U.S. Allows Chevron to Maintain Venezuela Operations but Won't Permit Drilling
A license extension, which allows the oil company to negotiate
future business, seeks to encourage talks between the Maduro
government and the opposition.
Coinbase to Slow Hiring Spree as Users Drop Off
The crypto exchange's stock price has fallen 74% so far this
year.
Mother Sues TikTok, Saying Daughter Died From 'Blackout Challenge'
The lawsuit, which was filed last week, alleges that TikTok knew
about the challenge and didn't stop its spread.
China Eastern Black Box Points to Intentional Nosedive
Flight data suggests that someone in the cockpit of the Boeing
737-800 that crashed in March put the aircraft into a near-vertical
descent, according to a preliminary U.S. assessment.
Conditions for Higher Airfares Could Persist for Years, Frontier Airlines Chief Says
Frontier Group CEO Barry Biffle says the forces pushing plane
ticket prices higher have no quick fix.
Pro Take: Carvana's Financing Woes Point to End of Debt Nirvana
Borrowers that until recently were able to raise capital easily
are having trouble persuading investors to lend them money.
(END) Dow Jones Newswires
May 17, 2022 23:15 ET (03:15 GMT)
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