News Highlights: Top Company News of the Day
February 06 2023 - 1:15PM
Dow Jones News
Tyson Foods Profit Declines as Beef Price Drops
Profit margins from the meat processor's beef division have come
under pressure as consumer demand softens for premium cuts of beef
and as cattle herds shrink.
Dell to Cut 5% of Workforce
The computer maker said it is reorganizing certain teams as
market conditions continue to erode.
Adani Group Plans $1.1 Billion Loan Repayment After Share Collateral Plummets
The group said its founders will prepay the loan that was backed
by shares of some of its companies, a move to shore up investor
confidence.
Nissan, Renault Alliance Shake-Up to Give Each More Independence
Nissan and Renault unveiled a long-planned restructuring of
their two-decade-old alliance-a decoupling that falls short of a
full divorce but gives each car company more autonomy after years
of tensions.
Paramount Reveals Plan to Remake Showtime
The premium cable network is overhauling its slate around
franchises after a merger with streamer Paramount+.
Lodging Companies Step Up Efforts to Lure Competitors' Hotels to Their Brands
Hotel conversions often pick up during periods of economic
upheaval and slowing development.
Panera Among Restaurant Companies Looking at IPOs
More companies in the restaurant industry are aiming to test
investors' demand for new listings.
National Enquirer to Be Sold to Group Including Former MoviePass Executive
The scandal-plagued tabloid had facilitated a hush-money scheme
involving former President Trump.
Footwear's Trendy Comeback: Retail
Shoe brands are turning back to the wholesale channel.
AbbVie Aims for New Drugs to Boost Sales
The drugmaker is turning to next-generation successors to Humira
to replenish billions of dollars in sales that will be lost.
(END) Dow Jones Newswires
February 06, 2023 13:00 ET (18:00 GMT)
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