UBS Taps JPMorgan Executive as CFO

The Swiss bank named Sarah Youngwood as its next chief financial officer, another high-profile hire of an American banking veteran as it takes on wealth-management rivals in the U.S.

 
Ex-Mastercard CEO Ajay Banga to Join General Atlantic

The card network's former chief is assuming the role of vice chairman, where he will advise the private-equity firm on strategy, with financial inclusion as one area of focus, General Atlantic said.

 
GlobalFoundries Says Revenue Rose 56% as Chip Shortage Continues

The financial report was the company's first as a public company, which started trading publicly in October.

 
Nuclear-Fusion Startup Lands $1.8 Billion as Investors Chase Star Power

Commonwealth Fusion Systems has raised more than $1.8 billion from the likes of Bill Gates and George Soros as startups join the quest to generate carbon-free energy like the sun.

 
Voltus Going Public in $1.3 Billion SPAC Deal

Voltus is going public by combining with a special-purpose acquisition company in a merger that values the electricity-market technology startup at about $1.3 billion, the companies said.

 
Beijing Goes Full Nanny State on Internet Tech

A new set of rules on ride-sharing and online advertising shows just how intrusive Beijing is willing to be in its new regulatory push against consumer internet companies.

 
Blue Prism Backs New SS&C Takeover

Blue Prism has agreed an improved GBP1.23 billion offer by U.S.-based SS&C Technologies and withdrawn its recommendation for the bid by private equity firm Vista.

 
CNN Suspends Chris Cuomo Indefinitely

The network said records released Monday showing how the anchor aided his brother's response to sexual-misconduct allegations "raise serious questions."

 
Judge Questions If Purdue's Sacklers Abused Bankruptcy System

The federal judge weighing the $4.5 billion settlement between Purdue Pharma LP and the Sackler family members who own the OxyContin maker said she had serious concerns about whether they abused the bankruptcy system by collecting billions of dollars from the company before it filed for chapter 11 protection.

 
Microsoft Shareholders Force Company to Disclose Sexual Harassment Data

The tech giant had recommended a vote against the disclosure proposal, which was approved at the company's annual meeting.

(END) Dow Jones Newswires

December 01, 2021 07:15 ET (12:15 GMT)

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