Amazon CEO Jassy Says Layoffs to Extend Into 2023 
 

The company's chief executive said the job cuts have been the "most difficult decision" he has made.


 
Visa CEO Alfred Kelly to Retire 
 

The largest card network in the U.S. said its longtime president, Ryan McInerney, will take over in February.


 
Applied Materials easily surpasses earnings and forecast expectations 
 

Applied Materials reported stronger earnings and revenue than expected to wrap up its fiscal year Thursday, and topped expectations with its forecast for the beginning of the new year, sending shares slightly higher in late trading.


 
GM Outlines Game Plan to Protect Profit in EV Transition 
 

Lowering battery costs and leveraging federal subsidies will achieve profit on par with internal-combustion cars by 2025, the company says.


 
Gap Swings to Profit With Turnaround Under Way 
 

The apparel retailer said the results highlighted progress in streamlining brands and reducing inventory, though it issued a fourth-quarter sales warning.


 
Boeing Replaces Space Chief as Defense Unit Looks to Stem Losses 
 

The personnel change is part of a broader restructuring aimed at reversing losses at the aerospace company's defense unit.


 
BHP, World's Top Miner, Nears Biggest Acquisition in a Decade 
 

Australia's OZ Minerals says it intends to recommend BHP's revised offer valuing its equity at $6.34 billion.


 
Eight Fired SpaceX Workers Allege Company Violated Labor Law 
 

The former employees claim the company broke the law when it fired them after they took issue with CEO Elon Musk's behavior online and SpaceX's internal culture, the former employees' attorneys said.


 
Winn-Dixie Owner Weighs a Sale 
 

Southeastern Grocers is in talks with prospective buyers about a year after it canceled its plans to go public.


 
Meta Employees, Security Guards Fired for Hijacking User Accounts 
 

Facebook's parent has fired or disciplined more than two dozen employees and contractors over the last year whom it accused of improperly taking over user accounts.


(END) Dow Jones Newswires

11-17-22 1915ET