News Highlights: Top Company News of the Day

Twitter Is Drafting Broad Job Cuts, Days After Elon Musk's Takeover 
 

Some employees say they are concerned layoffs could come ahead of a vesting date for employee stock grants.

 
Starbucks Union Expansion Slows a Year Into Labor Drive 
 

New petitions for representation have declined as the company has excluded union stores from benefits and improved staffing levels.

 
Google Case Before High Court Could Reshape Internet Economy 
 

The tech industry fears legal rulings could weaken the liability shield that allowed internet platforms to flourish.

 
First Tom and Gisele-Now Colgate and Palmolive? 
 

An activist challenge starts a discussion of how the consumer-goods giant might break up.

 
Steel Companies' Profits Hurt by Falling Prices 
 

Cleveland-Cliffs, United States Steel, Nucor and Steel Dynamics reported significantly lower profits from their steelmaking operations during the quarter that ended in September, compared with the same period last year when prices were at record levels.

 
TuSimple Probed by FBI, SEC Over Its Ties to a Chinese Startup 
 

Government authorities are investigating whether the U.S. self-driving trucking company defrauded investors by financing and transferring technology to China-backed Hydron.

 
Subscriptions Could Be Key to Social-Media Companies' Futures 
 

The best social-media investment right now could be the one users are willing to pay for.

 
Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos 
 

Foxconn is scrambling to contain a weekslong Covid-19 outbreak at an iPhone factory in central China, trying to appease frightened and frustrated workers during a crucial period for smartphone orders.

 
JPMorgan, Macy's and Other Companies Reveal What They Pay Workers 
 

A law taking effect in New York City on Nov. 1 will reshape how some employers hire, while others look for ways to avoid it.

 
Philip Morris Needs to Keep Swedish Match Deal Alight 
 

Despite weak quarterly sales at the Swedish nicotine pouch maker, the cigarette company will be reluctant to walk away from its $16 billion bid.

(END) Dow Jones Newswires

10-30-22 2115ET