News Highlights: Top Company News of the Day
YouTube Advances Plans for Streaming Video Marketplace
The ultracompetitive U.S. market is prompting streaming services
to seek new ways to find subscribers.
Facebook Marketplace, DoorDash Team Up for Local Deliveries
The service will deliver items that fit in a car trunk to
destinations up to 15 miles away.
Best Buy Cuts Store Jobs to Help Boost Profits
The retailer cut hundreds of jobs in stores as its customers
change their spending habits.
Peloton to Shed About 800 Jobs
The fitness equipment maker is working to cut costs in a bid to
reset the business after a pandemic-fueled boom in sales.
Five Chinese Companies Plan to Delist From NYSE
PetroChina, Aluminum Corp. of China and others cite low trading
volumes and costs.
Travel Woes in Europe Won't End This Summer
Airlines are preparing for the disruption to continue into fall,
with some of the region's biggest airports extending caps on
passenger numbers as they grapple with the rapid recovery in air
Huawei Revenue, Profitability Continue to Slide
The telecommunications company's revenue has been falling since
2020 as Western restrictions on its access to chips hamper sales of
its core products.
Alexei Miller, Putin Loyalist and Gazprom CEO, Fights Energy War With Europe
By starving Europe of gas in retaliation for its support for
Ukraine, Mr. Miller is potentially committing the state energy
giant to a future of subordination to Beijing.
Samsung Leader to Get Presidential Pardon for Bribery Conviction
The company's de facto leader will have his criminal record from
his bribery conviction wiped clean but still has unresolved legal
woes related to accounting-fraud charges.
The Secret Talks That Could Have Prevented the Apple vs. Facebook War
The two tech giants discussed revenue-sharing arrangements,
including a potential ad-free, subscription version of
(END) Dow Jones Newswires
August 12, 2022 19:15 ET (23:15 GMT)
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