News Highlights: Top Company News of the Day
February 07 2023 - 09:30AM
Dow Jones News
Carlyle Reports Sharply Lower Fourth-Quarter Earnings
The firm's net income fell during the fourth quarter, but its
assets under management grew to $373 billion
KKR's Earnings Tumble, But Not as Much as Expected
KKR & Co. stemmed losses in its private-equity holdings
during the fourth quarter to close out a difficult year.
DuPont Earnings Beat Estimates but the Stock Drops. It's the Outlook.
The company posted fourth-quarter adjusted earnings of 89 cents
a share from $3.1 billion in sales. Wall Street was looking for
earnings of 78 cents on sales of $3.1 billion.
Japan Ends Multibillion-Dollar Bid to Enter Passenger-Jet Market
Mitsubishi Heavy pulled the plug on the project, which swallowed
billions of dollars and 15 years in a fruitless bid to take a chunk
of the U.S. market.
Meta Plans to Open Horizon Metaverse App for Teen Use
Facebook parent Meta's new strategy for its fledgling Horizon
Worlds metaverse app includes opening it up to teens aged 13 to
Robinhood Hits Back at SEC, Warns of Threat to Zero-Commission Trading
The regulator's proposals would crimp payment for order flow, a
key source of the brokerage's revenue.
Armada Hoffler Plans Private Bond Sales After Securing First Credit Rating
The REIT wants to reduce the proportion of its debt tied to
variable rates from its current 55% to about 10% over the next five
to 10 years, the CFO says.
CVS Nearing $10.5 Billion Deal for Primary-Care Provider Oak Street Health
The deal, which could be announced this week, would expand the
health insurer and pharmacy chain's role in medical care.
Adani Companies Report Profits, Easing Market Rout
Shares of some companies owned by India's Adani Group rallied
Tuesday, showing investors had a mixed view of the embattled
Apollo in Talks to Take Stake in Credit Suisse Unit
An investment in CS First Boston would represent another level
of commitment from Apollo, which had previously agreed to take over
Credit Suisse's securitized-products group.
(END) Dow Jones Newswires
February 07, 2023 09:15 ET (14:15 GMT)
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