Nike Is Expected to Step Up Discounts to Move Excess Inventory 

As the holiday season nears and with uncertainty around consumers' retail spending, Nike quarterly inventories rose 23% versus a year ago, and analysts said supply-chain bottlenecks remain.

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.

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 volatility.

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 Exercise Bikes at Dick's Sporting Goods, Expanding Retail Push 

The fitness-gear company has been expanding where consumers can buy their products amid a drop in demand as people return to the gym.

Tyson's Choice of CFO Raises Concerns About Potential Conflicts of Interest 

The meat producer named the 32-year-old son of its chairman to the finance chief role. The Tyson family controls a large chunk of voting rights at the company.

Deloitte's Chinese Affiliate to Settle Probe Into Outsourced Work 

The Chinese affiliate of Big Four accounting firm Deloitte will pay $20 million to settle regulatory claims that it outsourced some audit work to companies whose financial statements it was hired to independently review.

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.

Phil Collins and Genesis Bandmates Sell Music Rights for Over $300 Million 

The deal includes the publishing copyrights and a mix of recorded music income streams and masters from their individual careers and work as the progressive rock group.


(END) Dow Jones Newswires

September 29, 2022 13:00 ET (17:00 GMT)

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