News Highlights: Top Company News of the Day
June 01 2023 - 9:15PM
Dow Jones News
Twitter's Head of Trust and Safety Resigns
Ella Irwin is the second person in that role to leave since Musk
completed his takeover in October.
Boeing Delays Astronaut Flight After New Safety Problems Emerge
The aerospace giant postponed the first crewed mission of
Starliner, a space vehicle it has been struggling to prepare for
human flight for years.
Airbnb Fights New NYC Short-Term Rental Requirements
The law, set to go into effect next month, requires hosts to
register with the city.
Rio Tinto to Spend $395 Million on Australia Desalination Plant
Rio Tinto said it plans to invest in a seawater desalination
plant in the Pilbara region of Western Australia, where it runs
massive iron-ore mining operations.
Broadcom CEO Sees Rising AI Chip Demand. Earnings Were Strong.
Chip maker Broadcom reported better-than-expected earnings for
its fiscal second quarter. The revenue outlook topped Wall Street's
forecast, as well.
Auto-Safety Regulators Failed to Complete Defect Probes in Timely Manner, Government Audit Finds
The report says NHTSA should also provide more transparency by
making investigative documents public.
Diamond Sports Is Denied Discount on MLB Broadcast Rights
A bankruptcy judge won't reduce the broadcast company's fees to
pro baseball's Diamondbacks, Twins, Guardians and Rangers.
Dell Earnings Crush Estimates, But Mixed Guidance Pressures the Stock
Dell beat expectations despite continues macro headwinds. The
company hinted that it is feeling more upbeat on the outlook for
the 2023 second half.
Trian Co-Founder Ed Garden Steps Down, Nelson Peltz Reshuffles Top Ranks at Firm
Co-founder and investment chief Garden will focus on managing
his personal investments as Trian promotes the next generation of
leaders.
Lululemon 1Q Profit Rises, Boosted by Higher Sales
Lululemon Athletica reported a significant rise in profit amid
higher sales and improved margins in the latest quarter.
(END) Dow Jones Newswires
June 01, 2023 21:00 ET (01:00 GMT)
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