News Highlights: Top Company News of the Day
Costco Sales Rise as Inflation Continues to Weigh on Consumers
Revenue rose 15%, beating analysts' expectations-and indicating
consumers see the warehouse retailer as a haven against rising
Faraday Future Says It Faces Death Threats Amid Effort to Raise Capital
The statement comes after one of the electric-car startup's
largest shareholders sued the company in Delaware court.
Walmart to Offer Free Return Pickups at Home for Some Members
The company said Walmart+ subscribers in some markets could
arrange for a driver to pick up their unboxed items at home for
Boeing to Pay $200 Million to Settle SEC Investigation Related to Crashes
The securities regulator alleged the plane maker and its former
CEO made misleading statements to investors about the 737 MAX jets
that crashed in Indonesia and Ethiopia.
Jana Partners Has Nearly 10% Stake in Freshpet, Sources Say
The activist investor plans to push the pet-food company to make
changes to boost its stock price and explore a sale.
Humana, CVS Circle Cano Health as Potential Buyers
The healthcare giants are possible purchasers of Cano Health
according to people familiar with the situation, as heavyweights in
the industry scramble to snap up primary-care providers.
FedEx to Raise Shipping Rates by 6.9% as It Combats Slowdown
The delivery giant says it plans to eliminate another $4 billion
in annual costs.
Salesforce Not Slacking on Margin Focus
The cloud-software giant signaled a notable shift in marketing
spending and dealmaking to keep its margins growing.
Activist Investor Looks to Oust Kohl's CEO, Chairman
Ancora said the retailer needs new leadership after a slow
recovery from the pandemic, a sharp drop in profit and the
scrapping of a potential sale to Franchise Group.
BlackRock Takes Heat From New York City Over Climate Stance
New York City's comptroller is pressing the asset manager to
recommit to achieving net zero emissions across its portfolio.
(END) Dow Jones Newswires
September 22, 2022 19:15 ET (23:15 GMT)
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