Bed Bath & Beyond Clinches Loan Deal

Bed Bath & Beyond has found a financing source to shore up its liquidity as it tries to weather recent missteps, according to people familiar with the matter. 


 
Twitter Comes Under Washington Spotlight With Whistleblower Complaint

Congress, the Justice Department and regulators including the SEC are expected to investigate the social-media company. 


 
Lyft to Sublease Offices as Remote Work Lowers Need for Space

The company said it plans to rent out around 45% of its office space across four locations. 


 
Intuit's stock is up on better-than-expected results, guidance

The company's board approved a $2 billion stock repurchase authorization, giving it a total authorization of $3.5 billion, and the board also approved a quarterly dividend of 78 cents per share, payable Oct. 18. 


 
Retailers Scrambling to Stow Inventories Are Turning to Transport Equipment

Companies flush with inventories and straining for warehouse space are increasingly turning to ad hoc arrangements that include storing goods in parking lots and on truck trailers as they cope with an ongoing disconnect between supply and demand. 


 
Nordstrom stock tanks after retailer lowers outlook for the year

Nordstrom Inc. stock fell more than 10% in the extended session Tuesday after the retailer beat expectations for its second quarter but called for lower sales and profit for the year, warning that foot traffic dropped "significantly" in June, particularly in its discount Nordstrom Rack stores, and that its inventories need tweaking. 


 
Pilot Travel Centers Explores Accommodating Self-Driving Trucks

Pilot Travel Centers said it made an equity investment in self-driving trucking startup Kodiak Robotics Inc. and is working with the company to incorporate services for autonomous trucks at one of its travel centers. 


 
Warner Bros. Axes 'Batman: Caped Crusader' and Other Animated Titles From HBO Max

Warner Bros. Discovery Inc. said it would shop the projects elsewhere amid the company's streaming overhaul 


 
ExpressJet Airlines Files for Bankruptcy After Loss of United Contract

The regional air carrier has ceased operations and will liquidate its remaining assets. 


 
KPMG Is Reducing Its Manhattan Office Space

Global audit and consulting firm KPMG is shrinking its New York office space by more than 40% in a move to the Manhattan West development.


(END) Dow Jones Newswires

08-23-22 2115ET