News Highlights: Top Company News of the Day
26 May 2022 - 3:15AM
Dow Jones News
Aramco Approached Valvoline About Takeover of One of Its Units
Deal talks are in the early stages, with the Saudi oil giant
eyeing Valvoline's global products business, according to people
familiar with the matter.
Dick's Sporting Goods Cuts Earnings Guidance
The sports equipment chain, which posted a drop in first-quarter
sales, is the latest retailer projecting struggles as inflation
pinches consumer wallets.
Kohl's Is Ramping Up Investments in Its Stores
The department-store operator plans to add 100 new, smaller
format stores in markets 'previously untapped by Kohl's physical
presence.'
TotalEnergies to Buy Stake in U.S. Wind and Solar Company
The French energy company said it would buy a 50% stake in
Clearway Energy Group in a deal worth about $2.4 billion, the
latest move by an oil major to expand in wind and solar power.
Nvidia Reports Earnings Today. Data Centers Could Be a Silver Lining.
Data centers could be an island of strength amid a sector-wide
selloff.
China's Covid Lockdowns Hurt Sales of Starbucks Coffee, Adidas Sneakers
China's strict Covid lockdowns are hurting consumer spending for
everything from coffee to sneakers and hotels, weighing on
multinationals with a big presence in the country.
Toyota Revs Up Race With Tesla
The first purpose-built electric vehicle from the world's
best-selling auto brand is an important test case for the
industry's transition to battery technology.
Pfizer to Sell Vaccines, Drugs at Low Prices to Poorer Countries
The arrangement means that some of the drugs that carry list
prices of tens of thousands of dollars a year in the U.S. would be
substantially less for the low-income countries to buy, according
to Pfizer.
CVS Will Stop Filling Controlled-Substance Prescriptions for Cerebral
CVS Health will stop filling prescriptions for controlled
substances ordered by clinicians working for Cerebral and Done
Health, the broadest curbs by a major pharmacy chain against the
telehealth companies following scrutiny of their prescription
practices.
Aircraft Wi-Fi Company Gogo Cuts Debt as Interest Rates Rise
The company's plan to reduce debt comes as part of a larger
turnaround tied to the sale of its commercial aviation business in
2020.
(END) Dow Jones Newswires
May 25, 2022 13:00 ET (17:00 GMT)
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