News Highlights: Top Company News of the Day
January 30 2023 - 11:15AM
Dow Jones News
Ford Cuts Prices of EV Mustang Mach-E
The move comes weeks after Tesla reduced prices on a number of
Philips to Cut a Further 6,000 Jobs
The job cuts are part of a reorganization aimed at improving
Philips's performance and add to a wave of corporate layoffs in
GE HealthCare's First Solo Earnings Are Strong. It's Bullish on the Future.
The company was spun out of General Electric on Jan 3. It posted
fourth-quarter earnings per share of $1.31 and operating income of
$844 million from sales of just more than $4.9 billion.
Nissan and Renault Fix One Problem, Leave Others
A new era for the unhappy marriage between the two auto makers
brings hope but also complications.
Unilever Taps Dairy Boss as New CEO
Hein Schumacher, the head of a European dairy cooperative, will
take over in July. Activist investor Nelson Peltz said he strongly
supported the appointment.
TikTok's Chief to Testify Before Congress in March
Shou Zi Chew has agreed to appear before the House Energy and
Commerce Committee as Republican lawmakers step up scrutiny of the
Chinese-owned video-sharing app.
Tesla's Big Price Cuts Spark Backlash
Tesla's decision to slash prices on some vehicles has upset some
customers, many of whom paid thousands of dollars more for their
cars just weeks earlier.
Memory-Chip Makers Face a Prolonged Price Slump
Prices of the chips are expected to keep falling in the first
half of 2023, putting more pressure on an industry that has already
cut investments and jobs.
TravelCenters of America Plans EV Fast-Charger Build-Out
The truck-stop and gasoline-filling company plans to join with
Electrify America in the build-out.
Rout in Adani Stocks, Bonds Deepens
The namesake conglomerate of India's richest man, Gautam Adani,
fired back at an American short seller, but the group's 413-page
response didn't stop a slide in the shares and bonds of its
(END) Dow Jones Newswires
January 30, 2023 11:00 ET (16:00 GMT)
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