News Highlights: Top Company News of the Day
November 29 2022 - 09:30PM
Dow Jones News
Twitter's Former Trust & Safety Chief Says He Left When System of Governance Went Away
Yoel Roth said he departed following the botched launch of the
upgraded Twitter Blue subscription program after Elon Musk ignored
his team's warnings about the rollout.
Horizon Therapeutics Fields Takeover Interest From Pharma Giants
The drugmaker recently had a market value almost $18 billion as
big pharmaceutical companies rely on acquisitions to expand
HPE's stock rises on record sales, strong revenue guidance
Hewlett Packard Enterprise Co.'s stock rose in extended trading
Tuesday after the company reported quarterly results in line with
analyst estimates and offered strong revenue guidance.
Rio Tinto Plans $600 Million Investment in Solar, Battery Storage for Australia's Pilbara
Rio Tinto said it intends to invest $600 million to build two
solar farms and battery storage in Australia's Pilbara region.
BlockFi Affirms Efforts to Return Customer Funds
The cryptocurrency lender said in a bankruptcy-court hearing
that it is different from FTX and is working to return client funds
as soon as possible.
Twitter Under Elon Musk Abandons Covid-19 Misinformation Policy
The platform is an outlier among social-media companies in
giving up policing false and misleading information about
Foot Locker Searches For a New Finance Chief
Current CFO Andrew Page will leave the New York-based shoe
retailer after it reports fiscal fourth-quarter results early next
Apollo Taps Connecticut State Treasurer for New Client Role
Shawn Wooden, the state's public retirement plan investment
official, will become chief public pension strategist for Apollo
That Knee Surgery You Postponed Could Soon Hobble Insurance Giants
Managed care companies have outperformed the broader stock
market due to lower-than-expected medical costs, but that could
start to change in 2023.
AMC Networks to Lay Off 20% of U.S. Workers as CEO Exits
The company has been under pressure from cord-cutting as
Americans have moved from traditional pay-TV packages to streaming
services. Shares of AMC closed 5.3% lower.
(END) Dow Jones Newswires
November 29, 2022 21:15 ET (02:15 GMT)
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