News Highlights: Top Company News of the Day
January 30 2023 - 08:30PM
Dow Jones News
Biden Administration Considers Cutting Off Huawei From U.S. Suppliers
The U.S. blacklisted Huawei in 2019 but has granted exceptions
for components not deemed a national-security risk.
Samsung Operating Profit Falls 69%
Profit slumped as the company's mainstay memory-chip and
smartphone businesses grappled with a sharp drop-off in demand and
high inventories.
FTX's Sam Bankman-Fried Sought Leniency From Foreign Regulators, Says Justice Department
The founder tried to transfer assets, hoped to regain control of
crypto exchange, prosecutors allege in a filing.
Alameda Research Sues Bankrupt Crypto Lender Voyager for $446 Million
The managers steering failed crypto hedge fund Alameda Research
through chapter 11 have sued Voyager Digital Ltd. for nearly $446
million, alleging it received preferential payments while Sam
Bankman-Fried's crypto empire collapsed.
Whirlpool Reports Quarterly Loss After Divesting European Business
The appliance maker aims to cut hundreds of millions of dollars
in costs and predicts that demand will recover in the second half
of 2023.
U.S. Appeals Court Sides With Drugmakers on Discount Program
The court ruled that drugmakers can limit their shipments of
federally discounted drugs to pharmacies, in a blow to hospitals
and clinics.
AMC's Two Equity Securities Begin to Converge After Shareholder Proposal Released
AMC's so-called Ape units are rising while its common shares are
falling as the movie theater operator nears a consequential
shareholder vote.
Here's What's Next for Bed Bath & Beyond as Bankruptcy Looms
Home-goods chain's precarious situation could come to a head
this week as interest payments and payroll come due.
Ford Cuts Prices of EV Mustang Mach-E
The move came weeks after Tesla reduced prices on a number of
its models.
J&J's Talc Bankruptcy Case Thrown Out by Appeals Court
A federal appeals court said Johnson & Johnson's LTL
Management can't use bankruptcy to resolve numerous talc-injury
lawsuits.
(END) Dow Jones Newswires
January 30, 2023 21:15 ET (02:15 GMT)
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