News Highlights: Top Company News of the Day
May 25 2022 - 3:15PM
Dow Jones News
Twitter Says It Is Working Through Musk Transaction
Silver Lake co-CEO Egon Durban offered to resign from Twitter's
board after failing to win a majority of shareholder support for a
new directorship term in a preliminary vote tally.
Aramco Approached Valvoline About Takeover of One of Its Units
Deal talks are in the early stages, with the Saudi oil giant
eyeing Valvoline's global products business, according to people
familiar with the matter.
Dick's Sporting Goods Cuts Outlook
The sports equipment chain said it hasn't seen any sharp falloff
in sales even as it reported weaker results for the recent
quarter.
U.K. to Probe Chinese-Led Takeover of Chip Maker
Scrutiny is latest sign that countries are becoming more
protective over their semiconductor industries.
Boeing Starliner Set to Return After Flight to International Space Station
Spacecraft is expected to land in New Mexico later Wednesday,
the last leg of a test flight the company first tried to complete
more than two years ago.
Kohl's Is Ramping Up Investments in Its Stores
The department-store operator plans to add 100 new, smaller
format stores in markets 'previously untapped by Kohl's physical
presence.'
Kim Kardashian Has a New Title: Beyond Meat's 'Chief Taste Consultant'
The maker of plant-based meat substitutes is betting on the
reality star and entrepreneur as it seeks to boost sales amid
recent struggles.
TotalEnergies to Buy Stake in U.S. Wind and Solar Company
The French energy company said it would buy a 50% stake in
Clearway Energy Group in a deal worth about $2.4 billion, the
latest move by an oil major to expand in wind and solar power.
Nvidia Reports Earnings Today. Data Centers Could Be a Silver Lining.
Data centers could be an island of strength amid a sector-wide
selloff.
China's Covid Lockdowns Hurt Sales of Starbucks Coffee, Adidas Sneakers
China's strict Covid lockdowns are hurting consumer spending for
everything from coffee to sneakers and hotels, weighing on
multinationals with a big presence in the country.
(END) Dow Jones Newswires
May 25, 2022 15:00 ET (19:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.