News Highlights: Top Company News of the Day
Disney Plan to Restructure, on McKinsey's Advice, Caused Uproar
Tension boiled over plans to take control of marketing and other
decisions away from content chiefs at Disney.
Layoffs Hit White-Collar Workers as Amazon, Walmart, Others Cut Jobs
Demand has fallen sharply for professionals in technology,
legal, scientific and finance fields, and companies that ramped up
staffing during the pandemic, including tech firms, are slowing
down hiring or cutting jobs.
Twitter Offers Advertisers Generous Incentives, After Many Marketers Left Platform
Twitter is offering advertisers incentives to increase their
spending on the platform, an effort to jump-start its business
after Elon Musk's takeover prompted many companies to pull
Blackstone Limits Redemptions From Real Estate Fund, Stock Falls
Blackstone Real Estate Income Trust said the amount of
withdrawals requested in October exceeded its monthly limit of 2%
of its net-asset value and its quarterly threshold of 5%.
Okta stock surges more than 25% as analysts approve of company's profit heading
Analysts praised the identity software company for heading in
the right direction after it promised a profitable fiscal 2024
following a turbulent year
Salesforce Isn't on Cloud Nine
Marc Benioff, the co-founder and longtime chief of Salesforce,
is bidding farewell to the second person with whom he has attempted
to share the top job.
Tyson CFO Pleads Not Guilty to Public Intoxication, Trespassing
John R. Tyson is set to go to trial Feb. 15 after police say he
was found asleep in the wrong Fayetteville, Ark., house last
Collapse of FTX Draws
Senate Hearing Scrutiny
Lawmakers should pass legislation that would impose strict rules
on cryptocurrency exchanges- including rules to limit or prohibit
the conflicts of interest that contributed to FTX's collapse-the
chairman of the Commodity Futures Trading Commission said
Tesla Set to Deliver Semi Truck to PepsiCo
Elon Musk's car company is expanding beyond passenger vehicles
with the delivery of its first all-electric semitrailer five years
after introducing the model.
Biotech Company Says Citadel Securities, Other Big Traders Manipulated Its Stock Price
In a new lawsuit, Northwest Biotherapeutics accused market
makers of illicit "spoofing" orders.
(END) Dow Jones Newswires
December 01, 2022 17:15 ET (22:15 GMT)
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