News Highlights: Top Company News of the Day
June 01 2023 - 07:30AM
Dow Jones News
ESG Blowback: Exxon, Chevron Investors Reject Climate Measures
The shareholders' votes, along with others in Europe, deal a
blow to activists.
A Onetime Paper Maker Is Now the King of Lithium
Charlotte, N.C.-based Albemarle, which began as a paper mill in
1887, has become a key cog in a tight global supply chain for
battery metals used in electric cars and smartphones.
Broadcom Is a Bellwether for Chips. Earnings Will Focus on Artificial Intelligence.
Wall Street expects revenue to grow 7% year over year in the
latest quarter.
Remy Cointreau Remains Cautious on Outlook
Remy Cointreau reported a full-year operating profit of EUR430
million, above expectations, but said it still expects little
growth in margins or sales in fiscal 2024, as U.S. consumption
drops from recent highs.
Jamie Dimon Says He Never Discussed Epstein's Accounts; Staley Says He Did
Former top JPMorgan executive Jes Staley said in legal documents
that he communicated with CEO Jamie Dimon about the bank's business
with convicted sex offender Jeffrey Epstein.
Purdue Appeals Court Ruling Curbs Lawsuits Against Corporate Leaders
A federal appellate ruling lends support to third-party
releases, empowering bankruptcy courts to force creditors to accept
settlement terms with shareholders and other corporate
insiders.
Facebook Parent Threatens to Remove News From Its Platforms in California
The state's bill requiring tech firms to pay publishers may
inspire a revision of similar federal legislation, a trade group
says.
New Pfizer RSV Vaccine Rolls Out Into Headwinds of Hesitancy
The shot won FDA approval as a new study finds a
14-percentage-point drop in vaccine confidence since the Covid
pandemic.
Amazon Settles Complaints Over Ring Surveillance, Use of Children's Voice Recordings
Amazon agreed to pay $30.8 million to settle claims that it
improperly retained children's Alexa voice recordings and allowed
Ring employees to surveil customers.
Salesforce Earnings Rise as Margins Grow
Amid turnaround efforts, the company lifts its margin goals for
the year.
(END) Dow Jones Newswires
June 01, 2023 07:15 ET (11:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.