News Highlights: Top Company News of the Day
Ford Projects $3 Billion Loss on EV Business for 2023
The auto maker says it wants to give investors more visibility
into the performance of its three business units.
Accenture to Cut 19,000 Jobs, 2.5% of Workforce
Layoffs by the provider of consulting and outsourcing services
contribute to a wave of cuts that have gone beyond the tech
industry as greater economic uncertainty drives cost reduction
across different sectors.
Did UBS Just Get the Deal of the Decade?
The bank's acquisition of Credit Suisse will benefit from very
favorable deal math-but there are risks too.
Evergrande Strikes Deal for Bond Restructuring
The restructuring has been agreed to by a group that holds more
than a fifth of the property developer's international bonds. Other
bondholders have until March 31 to approve the restructuring.
A 16-Month-Old Chatbot Startup, Character.AI, Is Now a Unicorn
Silicon Valley company said it raised $150 million from
Andreessen Horowitz and others
Toshiba Plans to Go Private in $15 Billion Deal With Japan Investors
Toshiba said the buyout would be led by Japan Industrial
Partners, a Tokyo-based investment fund.
General Mills Boosts View as Quarterly Sales Rise 13%
The improved outlook came after the food maker posted
better-than-expected financial results.
Bed Bath & Beyond Investor Preserves Fundraising Deal Even as Stock Dips Below $1
Bed Bath & Beyond secured a short-term agreement from key
equity investor Hudson Bay Capital Management to keep their
fundraising agreement intact despite a possible price failure that
may have occurred because the stock dropped below $1 this week.
Olive Garden Parent Is Packing Them In
Darden Restaurants has used value as a way to outpace
full-service dining rivals as American consumers stay cautious.
Charles Schwab Says It Could Ride Out a Deposit Flight
The brokerage is sitting on sizable long-term debt that has lost
value as the Fed has raised rates.
(END) Dow Jones Newswires
March 23, 2023 11:15 ET (15:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.