News Highlights: Top Company News of the Day
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Boeing Poised to Increase 787 Production Once Deliveries Resume
The FAA administrator declines to predict when the agency may allow Dreamliners to restart delivery.
Lyft Lays Off About 60 Employees, Folds Its Car Rentals for Riders
The company is the latest to cut back on staff and adjust businesses amid growing economic concerns.
Growth Cools at Once-Hot Uber Eats and DoorDash
The food-delivery apps introduce new measures as they face high inflation and a potential economic downturn.
Media Mogul Byron Allen Buys Black News Channel Out of Bankruptcy
Allen Media Group is acquiring the network for $11 million, as Mr. Allen seeks to revive a cable news channel that provided Black Americans' perspective on current events before shutting down this year.
Chipotle Shuts Store in Maine That Wanted to Unionize
The burrito chain cited staffing problems at the Augusta store; a lawyer for organizers said the company is worried about the growing unionization effort.
Baker Hughes Posts Wider Loss on Component Shortages, Rising Costs
Oilfield services company Baker Hughes reported a wider quarterly loss, facing component shortages, rising supply-chain costs and the suspension of Russian operations.
Abbott Labs Raises Earnings Outlook as Revenue Climbs
Abbott Laboratories raised its annual earnings guidance after posting higher-than-expected revenue from Covid-19 testing products, offsetting the effects of a recall and production halt at its baby-formula plant in Sturgis, Mich.
Oracle and Microsoft Agree to Deepen Interoperability of Cloud Platforms
The deal reflects an evolving market in which customers use multiple clouds and decline to be locked in to a single service.
E-Commerce's Red-Hot Cash-Burn Problem
With winds blowing in the wrong direction, some e-commerce companies could face the risk that their cash burn turns into a bonfire.
Macau Casinos to Reopen Saturday After Covid-19 Shutdown
Casinos in the gambling hub of Macau will be allowed to reopen Saturday after a nearly two-week shutdown amid a Covid-19 outbreak, according to the government.
