News Highlights: Top Company News of the Day
28 January 2023 - 12:30AM
Dow Jones News
Boeing Plans to Hire 10,000 Employees in 2023
The plane maker's workforce rose 10% last year, but it will slow
the pace of hiring as it continues to work to boost deliveries of
its 737 MAX and 787 jetliners.
Bed Bath & Beyond to Close 87 More Stores, Harmon Chain
Facing a cash crunch, with its access to credit frozen and
inventory low, the home-goods retailer's options to restructure its
business are narrowing.
Goldman Sachs Cut CEO David Solomon's Pay to $25 Million
The Wall Street firm's chief executive took a nearly 30% pay cut
for a year in which corporate deal-making slowed down, hurting
Goldman's profit.
Salesforce Names Three Directors, Braces for Proxy Fight
The appointments follow activist investor Elliott Management's
investment in the business-software provider.
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company banked historic profit last year as the pandemic
receded and the war in Ukraine pushed oil prices to multiyear
highs, but quarterly results fell short of analysts'
expectations
Intel's Leap of Faith Turns Into a Lurch
The chipmaker's expensive turnaround plan has run headlong into
a historic sales slump.
The Spending American Express Should Worry About Is Its Own
The company has gotten a boost from its push toward the highest
tier of spenders, but now it needs to show more progress on cost
control.
Tesla Has Become One of the Hottest Stock-Option Trades on Wall Street
Traders have spent $700 billion on options tied to the
electric-vehicle maker over the past 13 months.
FTX Foreign Customers Hit Language Barriers as They Fight for Their Crypto
The voluminous paperwork created by FTX's bankruptcy is
available only in English, creating a hurdle for some foreign
customers in an already esoteric system.
Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall
The tire maker is shedding roughly 5% of its salaried staff
around the world, joining a raft of companies trimming their head
counts.
(END) Dow Jones Newswires
January 27, 2023 19:15 ET (00:15 GMT)
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