News Highlights: Top Company News of the Day
Twitter Exodus Hits Teams Tasked With Regulatory Issues
Elon Musk's effort to purge Twitter employees who don't embrace
his vision has led to a wave of departures among policy and
safety-issue staffers around the globe.
Bed Bath & Beyond Struggles to Keep Stores Stocked
The home-goods chain's out-of-stock levels are higher than
rivals heading into the holiday shopping season.
Amazon Can't Get Peloton Back in the Black
Selling on Amazon can help Peloton work off bloated inventory,
but profitability won't be the same.
Gucci's Creative Chief to Step Down
Alessandro Michele had reinvigorated the storied Italian luxury
brand, though a period of rapid growth has since slowed.
Chinese Property Sector Rises After Banks Extend Funding Support
Stocks in China's real-estate sector turned higher after
state-owned banks said they would extend billions of dollars in
funding support to several private developers.
MUFJ to Acquire Home Credit Group's Southeast Asia Units
Japan's Mitsubishi UFJ Financial Group will buy Dutch consumer
finance company Home Credit Group BV's Indonesian and Philippine
units for about EUR596 million in an effort to expand its retail
business in Southeast Asia.
FTX Hires Ex-Regulators to Investigate Firm's Collapse
The crypto exchange tapped former SEC and CFTC enforcement
chiefs to help figure out what went wrong and to communicate with
U.S. Poised to Grant Chevron License to Pump Oil in Venezuela
The move would come just as Western sanctions on Russia threaten
to tighten global supplies.
Deere's Profit, Sales Rise as Supply-Chain Delays Recede
The world's largest seller of farm tractors and crop harvesters
said it expects strong demand for farm and construction equipment
to continue next year, as supply-chain constraints ease.
New CIO Wants Cisco to Be a Model for Hybrid Work
Fletcher Previn, a veteran of IBM, aims to mold the
networking-equipment company into a flexible-workplace
(END) Dow Jones Newswires
November 24, 2022 07:15 ET (12:15 GMT)
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