Auto-Safety Regulators Seek Answers on Potentially Explosive Air-Bag Inflators
The NHTSA sent letters to car companies this week as part of ongoing investigation that covers an estimated 51 million inflators.
Costco's Sales Climb 8% as Consumer Seek Discounts
The warehouse retailer posts a year-over-year increase in membership fees.
GE Healthcare Plans to Reduce Debt and Costs, Pursue Tuck-In Acquisitions
General Electric's healthcare division plans to cut debt, bring down costs and pursue tuck-in acquisitions after its spinoff in early January, finance chief Helmut Zodl said Thursday at an investor event in New York.
Lululemon Stock Tumbles on Weak Outlook
The athletic wear company met third-quarter earnings expectations, but the stock fell after fourth-quarter guidance was weaker than expected.
FTC Sues to Block Microsoft's Acquisition of Activision Blizzard
The antitrust enforcer sued Microsoft to prevent its planned $75 billion deal for Activision Blizzard, taking one of its biggest shots under the Biden administration at halting a merger of technology giants.
Credit Suisse Completes $2.4 Billion Capital Raise
Credit Suisse Group said that it completed its latest rights offering and had put into action around 80% of the cost cuts it planned for 2023.
Disney+ With Ads Goes Live
Walt Disney is charging $7.99 a month for the version of Disney+ with ads, while the ad-free version will now cost $10.99 a month.
Amtrak Calls for Investigation Over Freight-Caused Delays in Southwest
Union Pacific freight train interference delays passengers average of four hours per trip, Amtrak says in federal complaint.
Exxon Holds Firm on Its Five-Year Spending Outlook
The oil company is resisting the Biden administration's call for more investment to expand production and curb pump prices.
Amazon Launches TikTok-Style Feed in Push to Accelerate Social Shopping
The tech company joins its U.S. peers in capitalizing on the popularity of the short-video format.
(END) Dow Jones Newswires
12-08-22 1915ET
