News Highlights: Top Company News of the Day
May 23 2022 - 9:30PM
Dow Jones News
Zoom Sales Growth Slows as Pandemic Boom Wanes
The videoconferencing company said sales rose 12% in its first
quarter, the slowest growth rate on record, but it raised the
profit outlook for the year.
Snap Issues Profit Warning on Economic Conditions Including Inflation
Shares in the social-media company fell sharply in after-hours
trading after it issued the profit warning.
Airbnb to Quit China Business Amid Lockdowns, Competition
The home-sharing company plans to shut its domestic operations
in the country, but continue to serve Chinese travelers booking
overseas properties.
Broadcom Weighs Paying $60 Billion for VMware
The chip maker is in talks to pay around $140 a share for the
software company, people familiar with the matter said. The
companies aim to announce the cash-and-stock deal Thursday.
Zuckerberg Is Sued by D.C. Attorney General
The case marks the second time Washington, D.C.'s Karl Racine
has pursued legal action against the Facebook founder over
practices that led to the Cambridge Analytica data breach.
China's HNA Found to Owe $185 Million Over Bankrupt Manhattan Skyscraper
The Chinese conglomerate must pay its former business partner SL
Green about $185 million in a dispute over a bankrupt Manhattan
skyscraper, an arbitrator said.
SEC Fines BNY Mellon Over ESG Claims
The Securities and Exchange Commission fined the investment
management arm of Bank of New York Mellon Corp. $1.5 million for
misleading claims it made about funds that use environmental and
social criteria to pick stocks.
Smallpox Vaccine Enters Wider Production Amid Monkeypox Outbreak
Bavarian Nordic has fielded requests from dozens of countries
seeking the shot, CEO Paul Chaplin says.
Siemens Energy Picks a Good Time to Take Wind Turbines Private
The German energy company has made a long-awaited offer for the
minority shares in its embattled subsidiary Siemens Gamesa
Renewable Energy.
Starbucks to Exit From Russia
The coffee chain said it and its licensee would permanently wind
down operations in its 130 stores and would continue to pay nearly
2,000 employees in Russia for six months.
(END) Dow Jones Newswires
May 23, 2022 21:15 ET (01:15 GMT)
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