News Highlights: Top Company News of the Day
Regal Cinemas Owner Cineworld Prepares for Bankruptcy Filing
Theater admissions aren't recovering fast enough for the world's
second-largest cinema chain to avert insolvency.
GM Reinstates Quarterly Dividend Suspended Since Start of Pandemic
Executives say progress on key initiatives gave the company
confidence to reinstate the quarterly dividend and resume share
For Bed Bath & Beyond, Investor's Sale Adds to Problems
Ryan Cohen's unloading of his 10% stake adds to the uncertainty
at a retailer that is bleeding customers and cash.
Tesla Seeks Chinese Government Support for Its Suppliers Amid Power Cuts
China's Sichuan province has ordered factories to scale back
production in recent days amid electricity rationing, impacting the
Rivian Drops Cheapest Versions of Its Electric Truck and SUV Models
Electric-vehicle startup Rivian Automotive Inc. is discontinuing
the least-expensive versions of its pickup truck and SUV models,
citing low customer demand.
Wayfair to Lay Off Nearly 900 Workers
The Boston-based furniture and home-goods company said it
expects the cuts to cost between $30 million and $40 million.
Deere's Profit Rises on Demand for Farm, Construction Equipment
Inflationary pressures and supply-chain snarls created
challenges in the third quarter.
Grubhub's Owner Begins a Necessary Slim Down
After years of swallowing new businesses, Grubhub's owner has
begun a painful but much-needed purge.
Foot Locker Names Mary Dillon as Next CEO
The former Ulta boss is taking the helm of the athletic-goods
chain as it tries to shift out of shopping malls and lessen its
dependence on Nike.
Sprouts Farmers Market Could Blossom
Focus returns to growth story as the company's comparable-store
(END) Dow Jones Newswires
August 19, 2022 11:15 ET (15:15 GMT)
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