News Highlights: Top Company News of the Day
August 24 2023 - 8:15AM
Dow Jones News
Bud Light Continues Post-Mulvaney Marketing Blitz With 'Relatable' NFL Push
Bud Light is digging deeper into grassroots American culture to
reconnect with beer drinkers following its sales-losing battle in
the culture wars.
Subway Agrees to Sale to Roark Capital
Subway agreed to be acquired by Roark Capital in a deal that the
sandwich chain's chief executive said would help spread thousands
of new locations around the world.
Dollar Tree's Earnings Add to Retailers' Concerns About Spending and Theft
The discount retailer reported a decline in its gross margin
year over year, partly due to inventory loss.
Spirit AeroSystems Says Aware of Quality Issue on Some 737 Fuselage Units
Spirit AeroSystems said it is aware of a quality issue on some
models of the 737 fuselage it produces, but will continue to supply
units to Boeing, which has determined that there is no immediate
flight safety concern tied to the issue.
Shein Strikes Deal With Forever 21
The Asian online fashion giant is investing in the company that
operates the retailer, paving the way to sell its products.
Nvidia's AI Surge Is Just Getting Started
The blowout results and forecast indicate that demand for the
company under CEO Jensen Huang isn't short-lived, but high prices
will spur competition.
Woodside Heads Off Australian Labor Dispute Roiling Gas Markets
Threat of walkouts at liquefied natural gas plants run by
Woodside had raised concerns about global supplies ahead of the
Northern Hemisphere winter.
Target Goes Local to Speed Up Order Deliveries
The big-box merchant says its regional logistics hubs are
helping cut inventories, restock stores faster and get goods into
consumers' hands more quickly.
Cava CFO Bets on Distinct Menu to Attract Consumers
Mediterranean-style menu items are difficult to re-create at
home, in terms of cost and ingredients, finance chief says.
Esmark Pulls Out of Bidding for U.S. Steel
The industrial conglomerate said it is abandoning its bid amid
pressure from the United Steelworkers union, which has thrown its
support behind a rival offer from steelmaker Cleveland-Cliffs.
(END) Dow Jones Newswires
August 24, 2023 09:00 ET (13:00 GMT)
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