McDonald's Tightens Restaurant Ownership Rules as it Looks for New Franchisees 

The burger giant adds new standards to owner reviews; "A new franchise term is earned, not given"

Netflix Lays Off About 3% of Workforce in New Round of Cuts 

Netflix is laying off about 300 employees globally following cuts last month affecting 150 employees, as the streaming service tries to control costs and drum up new revenue.

Intel Delays Groundbreaking Ceremony for Ohio Plant 

The chip maker still plans to build the manufacturing facility, but expressed frustration with the lack of congressional action on support for the U.S. semiconductor industry

FDA Bans Juul From Selling E-Cigarettes 

U.S. health officials order the vaping pioneer to pull its products after a two-year review. The company said it intends to seek a stay of the order, either through the agency's appeals process or in court.

Klarna's Valuation Set to Slip, Bringing Fintech Star Down to Earth 

Some viewed Klarna as the next PayPal Holdings or Block Inc., companies that have grown by stealing business traditionally dominated by banks.

Nike, Cisco are Leaving Russia 

Sportswear maker to wind down Russia operations in coming months; Cisco said it condemns the war against Ukraine

Rite Aid Stock Soars as Revenue Forecast Rises 

The pharmacy chain reports a narrower loss than Wall Street penciled in. Sales rise more than expected.

United Airlines to Cut Newark Flying to Ease Congestion 

The airline carrier said it will cut about 50 domestic departures a day-roughly 12% of its Newark schedule-starting July 1 in an effort to improve operations at the crowded airport.

Netflix Confirms Partnership Talks for Ad-Supported Service 

The streaming company is speaking to multiple potential partners to help it enter the advertising business and may build its own ad business in the future, Co-Chief Executive Ted Sarandos said.

Toyota Recalls New EV Over Risk Wheels Could Fall Off 

The Japanese auto maker is recalling all of its new battery-powered sport-utility vehicles because of a potential safety risk regarding its tires.


(END) Dow Jones Newswires

June 23, 2022 15:15 ET (19:15 GMT)

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