Dow Jones Top Company Headlines at 5 PM ET: Paramount Wants $1.88 Billion Bond from States, Writers Challenging Warner Deal | L3Harris ...

Dow Jones
08/18

Paramount Wants $1.88 Billion Bond From States, Writers Challenging Warner Deal

The company says the litigants who sued to stop the deal should have to cover financial damages if they lose their lawsuit.

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L3Harris Ousts Its CEO After Investigation Into Conduct

The defense contractor that overhauled the Qatar-donated jet to be Air Force One has replaced Christopher Kubasik.

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Madison Air to Buy Airflow-Technologies Company for $5.4 Billon

Madison Air, which provides air-quality solutions, said the acquisition will add to its portfolio of new products that will help customers improve uptime, efficiency and productivity.

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Uber, Zipline Partner With Goal of Hitting 1 Million Drone Deliveries a Day

Uber is teaming up with drone startup Zipline to take its delivery service to the skies, a move aimed at winning customers demanding ever-quicker turnaround times for takeout, grocery and retail orders.

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Many Companies Would Announce Earnings Quarterly, Ditch Filings Under SEC Proposal

In a survey, most firms said they would still report their financials four times a year but do fewer government filings given the option to file semiannually.

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ArcelorMittal Says Two Killed in Missile Strike on Ukraine Facility

One member of staff and one contractor were killed and 13 others were injured in the strike on a facility belonging to ArcelorMittal Kryvih Rih over the weekend.

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Investment Firm General Atlantic Is Eyeing an IPO Again

The company manages around $130 billion and had filed to go public in 2023.

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American Luxury Brands Have a Secret Weapon: $12 Tennis Socks

Coach and Ralph Lauren are still growing because they understand what middle-class shoppers can afford.

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Alibaba to Sell Videogame Business for at Least $1.5 Billion

Alibaba Group is selling its videogame arm in a deal worth at least $1.5 billion, as the Chinese company shifts its focus to artificial intelligence.

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AstraZeneca Ends Phase 3 Lung Cancer Drug Trial After Review

A committee said the volrustomig combination was unlikely to reach either of the primary endpoints for the trail, but the company said other Phase 3 volrustomig trials would continue as planned.

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How Burger King Revamped Its Whopper and Overtook Wendy's

The burger's overhaul, overseen by a corporate chef who had already worked magic at Popeyes, is helping propel a comeback.

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K-Beauty Has Conquered the World. China's Proya Wants C-Beauty to Be Next.

Proya Cosmetics will start selling its flagship brand in the U.S. via a partnership with retailer Ulta Beauty.

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Chinese Car Pioneer Steps Down as Head of Geely Automobile

The company said Monday that Li Shufu, also known as Eric Li, would step down as its chairman effective Tuesday while remaining chairman of Zhejiang Geely Holding.

 

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