News Highlights: Top Company News of the Day
J&J Wins Bankruptcy Pause on States' Talc Lawsuits
Johnson & Johnson won bankruptcy court approval to keep on
hold lawsuits brought by New Mexico and Mississippi that accuse the
consumer-health giant of concealing cancer-causing material in its
Elon Musk's Twitter Reversal Renews Takeover Bid for a Now-Weaker Firm
Billionaire's latest about-face over his $44 billion deal to buy
Twitter has him poised to take over a company that is weaker than
it was before he tried to abandon the agreement-thanks in part to
his own actions.
SpaceX, NASA Launch Latest Crew to Space Station
The mission marks the sixth time SpaceX has flown astronauts to
the station for the space agency since 2020 and comes after NASA
has moved to deepen its relationship with the Elon Musk-led
Rising Rates Could Help Reinsurers Price Climate Risk
If Hurricane Ian leaves some "cat bond" investors with losses,
reinsurers might see improved pricing in the future.
Tyson Foods to Close Chicago, South Dakota Offices, Relocate Employees
Rising costs are pressuring the meat giant's bottom line after
two years of soaring profit margins.
Facebook Tweaks News Feed, Giving Users More Control
The social-media company said users can now choose "show less"
or "show more" on individual posts which will allow them to curate
the type of content they see.
How a Social-Media Frenzy Around Credit Suisse Rattled Its Stock
Fast-spreading rumors circulating on Reddit and Twitter served
as a reminder of the sway online forums can now exert over
EV Battery Startup Plans $1.6 Billion Factory in Michigan
Our Next Energy, which involves several former leaders of
Apple's secretive car project, has plans for its factory to produce
enough cells annually for 200,000 EVs by the end of 2027.
How Macy's Has Avoided the Inventory Pileup Plaguing Other Apparel Chains
Executives say they cut orders and shifted inventory after
seeing some troubling signs in credit-card spending.
Samsung is Going Big, Not Home, in Advanced Chips
The South Korean company's ambitious investments in its foundry
business and the increasing politicization of the chip sector will
be tailwinds over the long run.
(END) Dow Jones Newswires
October 05, 2022 17:15 ET (21:15 GMT)
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