News Highlights: Top Company News of the Day
July 05 2022 - 10:30PM
Dow Jones News
Tiger Global's Flagship Hedge Fund Has First Gain Since October
The hedge fund remains down 50.1% for the first half of the
year, worse than losses notched by major stock-market indexes.
Juul Can Keep Selling Its Products in U.S. While It Appeals Ban, FDA Says
Agency in June ordered the vaping company to pull its products
off the U.S. market.
Ben & Jerry's Sues Unilever Over Sale of Ice Cream Business in Israel
The brand said the parent company's decision was made without
the approval of the ice cream maker's board.
Spirit Airlines Prevails in Battle for Newark Airport Position
The Transportation Department says Spirit will ensure more
low-cost flight options at the East Coast hub. United Airlines
argued that Newark already is over capacity.
Nasdaq, NYSE Win Court Battle With SEC Over Market Data
A three-judge panel found that the Securities and Exchange
Commission had exceeded its authority under federal law when it
issued a 2020 order overhauling the governance of data feeds.
Walmart Tells Suppliers New Fuel and Pickup Fees Are Coming
The retailer says the new charges going into effect Aug. 1 are
in response to higher transportation costs. Amazon made a similar
move in the spring.
Ford's U.S. Sales Increase 32% in June, Outpacing Broader Industry
The auto maker's revenue benefited from pent-up demand,
previously placed orders and a new all-electric truck that went on
sale this spring.
S-Oil Tumbles as Recession Fears Weigh on Energy Stocks
S-Oil Corp. shares tumbled early Wednesday as rising fears of a
recession weighed on energy and shipbuilding stocks.
Nexo Nears Deal to Buy Peter Thiel-Backed Lender Vauld
Move comes after Vauld suspended withdrawals, disclosing that
users had pulled almost $200 million over the past three weeks.
EU Lawmakers Approve Sweeping Digital Regulations
European lawmakers approved two sweeping new pieces of digital
regulation, paving the way for clashes between regulators and some
of the world's biggest tech companies over how the rules should be
applied.
(END) Dow Jones Newswires
July 05, 2022 23:15 ET (03:15 GMT)
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