News Highlights: Top Company News of the Day
CarMax Shares Slump as Inflation Weighs on Used-Car Demand
The used-car retailer posted 2% sales growth on higher prices
even as it sold fewer units.
Bed Bath & Beyond's Losses Widen as Sales Drop 28%
The company's net loss ballooned to $366 million, and gross
margin declined to 27.7% of sales as it cleared inventory it was
unable to sell at full price.
Peloton to Sell Equipment at Dick's Stores
Dick's is the first bricks-and-mortar retailer outside of
Peloton to carry the equipment.
Brookfield Buys U.S. Renewable Developers for $1.5 Billion
The deals for Scout Clean Energy and Standard Solar will add a
flood of cash into the renewable energy sector despite market
BlackRock Private Equity Founder Steenberg to Hand Off Management of Business
Russ Steenberg, who founded BlackRock Private Equity Partners in
1999, will become chairman and hand day-to-day oversight to Lynn
Baranski and John Seeg.
Porsche Shares Rise Above IPO Price in Debut
Shares have been supported by investors who missed out in one of
Europe's biggest initial public offerings.
Chinese EV Maker Leapmotor Flops in Hong Kong Market Debut
Leapmotor's shares tumble more than a third from their IPO
price, while property-services firm Onewo also falls on its first
Shares of Chinese Developer CIFI Fall as Investors Lose Confidence
The property developer said severe challenges created by China's
real-estate industry downturn and the pandemic have brought
pressures to its operations and cash flow.
Investors Put a Price on Credit Suisse's Salvation
Can the bank's shares go even lower? The answer depends on how
much capital it will need to raise to execute its turnaround
Tyson Overhauls Management as Meat Giant's Profits Are Pressured
As beef profit margins come off high levels, Tyson changes
executives heading finance, prepared foods and international
(END) Dow Jones Newswires
September 29, 2022 11:15 ET (15:15 GMT)
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