Netflix Appoints Two Snap Executives to Lead Its Ad Push
Jeremi Gorman and Peter Naylor will join Netflix in September as it works to create an advertising-backed tier of service.
Goldman Sachs Ditches Covid-19 Protocols
The bank cited "significantly less risk of severe illness" and pointed to recent guidance from the CDC, which has relaxed many pandemic precautions.
China Vanke's First-Half Net Profit Rose
China Vanke's first-half net profit rose 11% from a year earlier on higher contributions from its property services and logistics-and-warehousing businesses.
Berkshire Hathaway Trims Stake in Chinese Auto Maker BYD
Warren Buffett's investment firm said it has sold 1.33 million shares of the electric-vehicle maker for about $46 million.
HP Warns of Slowing Business Spending as PC Sales Sag
CEO Enrique Lores still sees long-term PC demand remaining above prepandemic levels for the computer-and-printer maker.
Fast-Food Operators Mobilize Against California Wage Bill
Franchise owners fear higher costs under state-set pay increases, but supporters say the legislation is needed as a model for other states.
U.S. Army Grounds Fleet of Chinook Helicopters
The Army has grounded its entire fleet of CH-47 Chinook helicopters because of a risk of engine fires, U.S. officials said. Army officials are aware of a small number of engine fires with the helicopters, and the incidents didn't result in any injuries or deaths.
California Employers May Soon Need to Disclose Pay on Job Listings
The state legislature passed a bill requiring employers,including Apple, Google and Meta, to begin including salary ranges on the postings.
Peloton Delays 10-K Annual Report to Complete Accounting
The fitness-equipment maker said it needs more time to evaluate information associated with shedding its warehouses.
Best Buy Posts Drop in Sales as Shoppers Pull Back on Electronics
Sales declined in almost all product categories, the retailer said, with the biggest drops in computing and home theater.
(END) Dow Jones Newswires
08-30-22 2115ET
