Micron Warns of Weakening Demand, Lower Sales 

The company said in a regulatory filing that expectations for industry bit-demand growth for dynamic random-access memory chips and NAND flash memory chips have softened since it last provided guidance.

The Fun Slows for Videogame Companies 

Covid-19 gave the videogame industry a boost as people stayed home, but growth is slowing as people are going out again.

Hyatt's Profit Beat Estimates. Earnings Are Strong for Hotel Chains. 

Like Marriott and Hilton, the hotel operator reported a higher quarterly profit than Wall Street had forecast.

U.S. Solar Shipments Hit by Import Ban on China's Xinjiang Region 

The U.S. solar industry is confronting fresh disruptions as U.S. officials crack down on human-rights abuses in a region of China that produces almost half the world's supply of a crucial component in solar panels.

Avaya's Collapsing Debt Deal Hits Clients of Goldman, JPMorgan 

The cloud-communications company cut its earnings forecast by more than 60% a few weeks after borrowing $600 million from the banks' investment clients.

TPG Reports Quarterly Loss as Portfolio Value Slides 

TPG reported a loss in the second quarter as its investment portfolio declined, although the private-equity manager saw a significant increase in the fees it collected on its investments.

Unlike Other Former SPACs, Rocket Lab Is Already Science, Not Fiction 

Investors have lumped Rocket Lab together with other moonshots that hit the market in 2021, but the small-satellite launcher has already proven its business model and will benefit from a post-Ukraine increase in military spending.

National Australia Bank's Third-Quarter Profit Rose 

National Australia Bank Ltd., Australia's biggest business lender, recorded a rise in third-quarter profit, and reported that the majority of its customers were well placed to manage the challenges of higher inflation and interest rates.

Munich Re Holds Profit Guidance But  Warns on Investment Returns 

UPDATED: Munich Re maintained its net profit guidance for 2022 but warned of a lower return on investment, faced with a cooling economy and higher interest rates.

Carlsberg Upgrades Growth Outlook 

Carlsberg forecast post organic operating profit growth in a high single-digit-percentage this year, boosted by its business in Europe and Asia.


(END) Dow Jones Newswires

August 09, 2022 09:15 ET (13:15 GMT)

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