News Highlights: Top Company News of the Day
December 09 2022 - 3:15PM
Dow Jones News
Stellantis to Stop Work at Factory In Illinois
Car maker says it will stop operations at a 1,350-employee
assembly plant in Belvidere, Ill., in February, resulting in
'indefinite layoffs.'
Walmart Investigated in Early 2020 Complaints About Shooter
Former and current employees said regional executives
interviewed them about complaints regarding the workplace behavior
of the supervisor who killed six workers last month.
Microsoft Faces Tougher Path to Closing Activision Deal
The software giant should give up on the deal, some analysts
said, following the FTC's suit to block the planned $75 billion
acquisition.
U.K. Loosens Banking Regulation
Changes seek to improve competitiveness of city of London and
help sluggish economy.
Sam Bankman-Fried Set to Testify to Congress About FTX Collapse
FTX founder Sam Bankman-Fried said that he would testify next
week before Congress, setting up a high-profile exchange with
lawmakers.
Carvana Creditors Criticize Management, Gird for a Fight
The CEO's father, who is the used-car dealer's biggest
shareholder, is seen as a wild card in any potential
restructuring.
Penguin Random House CEO Resigns Weeks After Deal Blocked
Markus Dohle is stepping down after a federal judge blocked the
world's largest consumer-book publisher from acquiring rival Simon
& Schuster.
TotalEnergies to Take $3.7 Billion Write-Down on Novatek Stake
The French energy giant also withdrew its directors from the
Russian gas producer's board, as part of its efforts to scale back
business in Russia following the invasion of Ukraine.
Workers at GM-LG Battery Plant in Ohio Vote to Unionize
The result is a win for the UAW, which plans organizing
campaigns at many U.S. battery factories slated to open in coming
years.
Chewy's Online Pet Dominance Could Lose Its Bite
The company is still the dominant online pet retailer, but
Amazon and big-box retailers are starting to nip at its heels.
(END) Dow Jones Newswires
December 09, 2022 15:00 ET (20:00 GMT)
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