FedEx to Reduce Operations After Sales Warning
The delivery giant said it would close offices, reduce Sunday ground operations and park some cargo aircraft after it warned of revenue shortfalls from declining package deliveries. Shares fell 15% after hours.
Twilio Lays Off 11% of Workers
The cloud-communications company said its head count had grown too fast as it attempted to meet its profitability goals and pursued projects that didn't fall within the company's priorities.
For Shell's Priorities, Follow the Money
A big, green step forward seems likely under the new CEO, but for the company's true priorities, investors should watch its spending.
Adobe to Buy Design-Software Firm Figma for About $20 Billion
Adobe's purchase of Figma will be its largest ever. The technology giant also issued fourth-quarter revenue guidance that fell below expectations.
Cheniere CFO Aims for Investment-Grade Credit Rating as Natural-Gas Prices Soar
The liquefied natural gas producer has paid down a portion of its debt as it benefits from surging energy prices. CFO Zach Davis hopes the company's credit rating will notch higher within a year.
Peloton, Lululemon infringed on DISH network patents, judge decides
A U.S. International Trade Commission judge has sided with DISH Network in a case alleging that Peloton, iFit, and Lululemon's Mirror infringed on patents.
DOJ Sues to Block $4.3 Billion Home Security Merger
The antitrust lawsuit challenges a proposed acquisition by Sweden's Assa Abloy.
Apple, Amazon Passed on LIV Golf Media Rights
LIV Golf has lured some of the world's most famous golfers to its upstart league, but it is having a difficult time finding a major U.S. media partner to broadcast its tournaments.
U.K. Considers Letting Banks Pay Bigger Bonuses
The government is considering scrapping a bonus cap to which banks have been subject since 2014, as it looks to maintain London's status as a financial hub.
U.S. Steel Joins Nucor With Disappointing Guidance
The steel producer is forecasting a quarterly decline in adjusted Ebitda, citing industry-wide headwinds also have impacted competitors.
(END) Dow Jones Newswires
09-15-22 2115ET
