J&J to Stop Selling Talc-Based Baby Powder Globally Next Year
The company had already stopped selling the product in the U.S. and Canada, citing a decline in customer demand amid safety concerns.
Deutsche Telekom Nearing Majority Ownership of T-Mobile
The German company could launch a stock buyback once the threshold is reached.
Rivian's Losses Nearly Triple to $1.7 Billion
The electric-vehicle maker said its operating loss is expected to grow to $5.45 billion, from its previous projection of $4.75 billion for the full year, further pressuring the startup to conserve cash and move quickly to fill customer orders.
Thai Beverage Defers Singapore IPO of Beer Unit For Second Time
Thai Beverage has decided to defer plans to list its brewery unit in Singapore for a second time as volatile markets continue to crimp investor demand for new shares.
ValueAct Takes Stake in New York Times
The activist investor disclosed a 6.7% stake in the news organization and intends to push the media company to more aggressively market subscriber-only content.
Meditation App Calm Lays Off 20% of Staff
Calm.com, maker of popular meditation and wellness app Calm, has laid off 20% of its staff, according to a memo sent by Chief Executive David Ko to employees.
Warby Parker Cuts Sales Forecast, Corporate Staff as Consumers Delay Purchases
The eyeglasses maker affirmed its plan to open 40 retail locations this year.
McDonald's to Reopen Some Restaurants in Ukraine
The fast-food chain had closed its operations in the country in February after Russia's invasion.
SEC Investigating Melvin Capital Management
The regulatory agency is asking about the hedge fund's risk controls and disclosures following meme-stock losses last year.
Cardinal Health CEO Steps Down
Chief Executive Officer Mike Kaufmann is leaving the healthcare products distributor as it struggles with the impact of inflation and supply-chain constraints.
(END) Dow Jones Newswires
08-11-22 2115ET
