News Highlights: Top Company News of the Day
June 28 2022 - 6:30PM
Dow Jones News
P&G, Target to Cover Employee Travel for Abortions
Big employers in Midwest states joined tech giants and big banks
in adding the benefit after the Supreme Court decision.
Disney Board Renews CEO Chapek's Contract
Directors of the world's largest entertainment company voted
unanimously to renew Chief Executive Bob Chapek's contract for
another three years.
Pinterest CEO Stepping Down; Google Executive to Take Top Job
Ben Silbermann will become executive chairman after leading the
company since its founding in 2010. His replacement, Bill Ready,
had been president of commerce at Google since 2020.
Dollar Tree CFO Steps Down Amid Shake-Up Brought On by Investor Pressure
Dollar Tree Inc. said its finance chief is stepping down as part
of a broader executive reshuffling as the discount retailer faces
pressure from an activist investor to improve its performance.
Whole Foods to Focus on Price as Pandemic Eases, Incoming CEO Says
The grocer is considering changes as inflation alters the way
consumers shop, notes Jason Buechel, who will succeed co-founder
John Mackey.
JetBlue, Frontier Fight for Spirit Shareholders Ahead of Vote
Spirit rebuts the latest JetBlue offer, and proxy-advisory firm
ISS says it is reluctant to change its Frontier recommendation so
close to a vote.
Airbnb Makes Its Ban on Parties Permanent
The home-rental platform temporarily banned parties in 2020
after a series of violent incidents occurred at gatherings held at
Airbnb-listed properties.
European Cloud Restrictions Could Limit U.S. Providers' Reach
European cybersecurity authorities are drafting a new
certification system for cloud services that could limit the amount
of critical data held by American providers.
Databricks to Move Signature Data-Storage Technology Upgrades to Open Source
Data-analytics company Databricks plans to switch to open source
all of the capabilities and upgrades it has made to Delta Lake, its
flagship cloud-based data-storage technology, essentially giving
them away online free.
Credit Suisse Eyes Cost Cuts to Stabilize Embattled Bank
The Swiss bank plans to cut technology expenditure to spend more
targeting ultrarich customers, in its latest effort to stabilize an
operation hobbled by scandals and missteps.
(END) Dow Jones Newswires
June 28, 2022 19:15 ET (23:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.