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News Highlights: Top Company News of the Day

08/28/2022 | 09:16pm EST
Facebook Parent Meta to Settle Cambridge Analytica Lawsuit 
 

Details of the preliminary settlement with Facebook users weren't provided; the suit was related to the handling of user data.

 
Disney Gets Deal to Broadcast Cricket Events in India 
 

The company has secured a deal to air four years of global cricket events to its subscribers in India, after losing broadcast rights earlier this year for a popular Indian cricket league.

 
Inventory Pileup, Uneasy Shoppers Put Retailers in Jeopardy 
 

Chains have a glut of inventory heading into key sales period just as some shoppers are pulling back.

 
Fortescue Net Profit Falls 40% on Lower Prices, Higher Costs 
 

Fortescue Metals Group reported a 40% fall in annual profit as iron-ore prices weakened and operating costs climbed.

 
Sinopec's Net Profit Rose Over 10% in First Half 
 

China Petroleum & Chemical Corp.'s net profit for the first half of the year rose 10% compared with the same period a year earlier, mainly due to significant improvement in its upstream business.

 
Airlines Keep Flight Cuts, Other Curbs as Industry Woes Linger 
 

Carriers and airports around the world are sticking with their recovery playbook through the fall and winter, attempting to steady operations after a wild summer of global travel disruptions that shows signs of easing.

 
NASA's Artemis Launch Gives Boeing Chance to Restore Its Space Credibility 
 

The scheduled test launch Monday of a new megarocket gives Boeing an opportunity to prove it can pull off big national projects, following past missteps.

 
Paramount Sues Company Behind McDowell's Pop-Up, Citing 'Coming to America' Infringement 
 

In the 1988 film starring Eddie Murphy, the McDowell's restaurant was a running joke, a competitor of McDonald's with a "Big Mick" and "golden arcs."

 
Spotify's Head of 'Talk' Talks Crime, Creators and Exclusivity 
 

Max Cutler, the Parcast founder now leading one of the audio streamer's fastest growing businesses, says Spotify needs to help podcasters find listeners, revenue.

 
Europe's Energy Crisis Threatens Glass Production 
 

European businesses as diverse as car makers, bottle manufacturers and skyscraper builders-not to mention artisanal glassblowers-are preparing for a possible glass shortage if the loss of Russian gas throttles production.


(END) Dow Jones Newswires

08-28-22 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
ARCS COMPANY LIMITED 0.19% 2162 Delayed Quote.1.17%
BOEING 2.01% 178.36 Delayed Quote.-11.40%
FORTESCUE METALS GROUP LIMITED 0.53% 19.04 Delayed Quote.-1.41%
MCDONALD'S CORPORATION 0.63% 275 Delayed Quote.2.59%
META PLATFORMS, INC. -0.74% 111.41 Delayed Quote.-66.88%
SPOTIFY TECHNOLOGY S.A. 0.60% 78.73 Delayed Quote.-66.36%
WALT DISNEY COMPANY (THE) -0.01% 98.87 Delayed Quote.-36.17%
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