News Highlights: Top Company News of the Day
October 06 2022 - 11:30PM
Dow Jones News
Samsung Expects Profits to Slump
Memory-chip and smartphone businesses are feeling the effects of
curbed consumer spending on tech products.
Tesla Aims to Deliver First Semitrailer Trucks in December to PepsiCo
Elon Musk said the truck can travel 500 miles on a single
charge
Chevron Faces Challenges Restarting Venezuela's Oil Fields
Analysts and executives are seeking to calculate how much crude
the South American country can produce after years of
infrastructure neglect.
Twitter-Musk Judge Postpones Trial as Deal Talks Stall
The surprise ruling, granting a request by Elon Musk,
effectively ends negotiations and adds fresh uncertainty to efforts
to close the $44 billion deal. Mr. Musk now has until Oct. 28 to do
so.
Celsius Executives Cashed Out $18 Million in Crypto Before Bankruptcy
Alex Mashinsky withdrew $10 million in tokens before stepping
down as chief executive in late September.
AMD Cuts Revenue Forecast
The company cites a weaker-than-expected PC market and
"significant inventory correction actions across the PC supply
chain."
Levi Posts Small Sales Increase Amid Supply-Chain Challenges
Levi posted a slight sales boost in the latest quarter in the
face of currency fluctuations and supply-chain challenges that the
company said hampered its sales.
Amazon to Hire 150,000 Workers Before Holiday Season
The e-commerce company recently raised hourly pay to entice job
candidates.
Paramount Programming Executive David Nevins to Leave Company
His departure clears the way for three other senior
executives-Chris McCarthy, George Cheeks and Tom Ryan-to take on
more, Paramount Global CEO says.
Juul CEO Tells Staff That Vaping Company Must Continue to Fight
Juul Chief Executive K.C. Crosthwaite told his employees
Thursday that the company is scrapping plans for an overseas
expansion and has refinanced some of its debt as it fights a long
battle.
(END) Dow Jones Newswires
October 06, 2022 23:15 ET (03:15 GMT)
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