News Corp Expects to Cut Its Headcount 5% This Year
The media company cites the effects of inflation and higher interest rates on its businesses.
Lyft Shares Fall After Unexpected Loss, Downbeat Revenue Outlook
Despite strong ridership numbers, Lyft in the current quarter is expecting revenue below the roughly $1 billion forecast by Wall Street.
Iger Shakes Up Disney's Entertainment Operations, Rethinks Hulu Ownership
Under the new structure, content chiefs at the TV, film and ESPN units are taking on business responsibilities.
PayPal CEO Dan Schulman to Retire
The company hasn't chosen a successor to Mr. Schulman, who will retire in December.
Yahoo to Lay Off 20% of Workforce
The company's advertising group will be reduced by half by the end of the year.
Southwest Executive Vows Airline Will Overhaul Systems
Operations chief Andrew Watterson cited Southwest's inability to handle ice and extreme winter weather in a Senate committee hearing over its holiday meltdown.
SpaceX's Satellite-Internet Business Expected to Make Money This Year
President Gwynne Shotwell also said one of the company's main rocket-launch offerings that NASA relies on had become a moneymaker.
Adidas Warns of Losses Stemming From Yeezy Fallout
The German sneaker giant set out the financial cost of its exit from the Yeezy collaboration with Kanye West.
Affirm's Big Problem Is Buying Now, Not Paying Later
The company has had solid credit performance, but it is paying up for funding and faces a tougher outlook for volume growth.
GM, GlobalFoundries Sign Chip Supply Deal
The auto maker said the agreement supports its strategy to reduce the number of unique chips needed to power its vehicles.
(END) Dow Jones Newswires
02-09-23 1915ET
