Birkenstock Prices IPO at $46 a Share

German shoemaker provides first big test of new-issue market since a trio of marquee offerings last month. 


 
Samsung Expects Third-Quarter Operating Profit to Fall 78% on Year

Samsung Electronics expects third-quarter operating profit to fall 78% from a year earlier as its flagship semiconductor business is still struggling to exit an industry downturn. 


 
Caroline Ellison Says Bankman-Fried Steered FTX Deception

The former deputy-and sometime girlfriend-of Sam Bankman-Fried testified the crypto-exchange founder ordered her and others to commit criminally fraudulent acts. 


 
Canadian Auto Workers Reach Tentative Deal With GM

The agreement includes pay raises of as much as 25% and ends a strike that lasted 13 hours at three plants. 


 
Sales Slow at Louis Vuitton's Owner as China Sputters

LVMH Moët Hennessy Louis Vuitton, the world's biggest luxury-goods company, struggled to lure big-spending Chinese consumers back to its boutiques after the end of China's pandemic restrictions. 


 
Mallinckrodt Bankruptcy Plan Gets Approval, Will Wipe Out $1 Billion in Opioid Payments

Mallinckrodt, one of the largest manufacturers of prescription opioids in the U.S., received court approval for a plan that wipes out more than $1 billion of payments meant for addicts while handing control of the pharmaceutical company to its lenders. 


 
Boeing's 737 MAX Output Falls to Lowest Level in Two Years

Deliveries and production of the company's bestselling jet slowed in September amid snafus at one of its key suppliers. 


 
Warehouses Are Calling In the Gig Workers

Logistics operators are giving workers more flexibility as competition for labor from Uber, Instacart and other app-driven companies heats up. 


 
HP Stock Rallies on Solid Profit Forecast, Dividend Hike

The personal computer and printer company laid out both a long-term growth forecast and fiscal 2024 estimates that met or beat Street estimates. 


 
Tupperware's stock soars more than 23%, on pace for largest gain since August

Tupperware's stock has attracted plenty of attention in recent months, despite the company's woes.


(END) Dow Jones Newswires

10-10-23 2115ET