News Highlights: Top Company News of the Day
11 August 2022 - 03:15AM
Dow Jones News
Disney Earnings Seen Jumping on Rebound at Theme Parks
The flagship streaming business is projected to log an increase
of 10 million subscribers in the recently completed quarter, but
streaming losses are expected to widen.
Coinbase Needs Crypto Investors to Buy, Not HODL
The cryptocurrency exchange's stock jumped the news of a
partnership with BlackRock, but institutional volumes aren't a
cure-all for what ails the exchange right now.
Musk Sells 7.92 Million Tesla Shares Valued at Nearly $7 Billion Amid Twitter Uncertainty
The billionaire suggested the stock sales were aimed at avoiding
a fire sale if forced to buy the social-media company.
SoftBank to Cut Alibaba Stake, Sees $34 Billion in Gains
The Japanese tech investor has been reducing its ties to the
Chinese e-commerce company and using holdings to raise cash.
Foxconn Predicts Better Year Ahead but Flags Slowing Smartphone Demand
The world's biggest iPhone assembler said the smartphone market
could remain flat for the rest of the year compared with a year
earlier.
Biotech Startup Cerevance Strikes Alzheimer's Research Deal With Merck
Biotechnology company could earn more than $1 billion through a
collaboration with the drugmaker to study potential treatments for
the disease.
Baby-Formula Startup Seeks Expansion as Shortage Persists
ByHeart is seeking to register two additional facilities with
regulators to increase production as the U.S. continues to grapple
with shortages.
Maxine Waters Calls for CFPB to Take Action Against Equifax
The top-ranking Democrat told the Consumer Financial Protection
Bureau that it shouldn't let Equifax sell credit scores to lenders
until it can prove it has the controls to ensure its scores are
accurate.
Samsung's $1,800 Foldable Galaxy Phone Tests High-End Budgets
The South Korean company unveiled its Galaxy Z Fold 4 and the
smaller, lower-priced Galaxy Z Flip 4, as pricey devices defy an
industry slump.
Wendy's Misses on Sales but Raises Earnings Forecast
The fast-food company said that it now expects adjusted earnings
to be between 84 cents to 88 cents per share for 2022.
(END) Dow Jones Newswires
August 10, 2022 13:00 ET (17:00 GMT)
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