UBS to Pay $25 Million to Settle SEC Fraud Charges

The Swiss bank agreed to settle fraud charges from the Securities and Exchange Commission over a complex options trading strategy that lost customers tens of millions of dollars.

 
Aerojet Rocketdyne CEO Poised to Win Proxy Fight Against Executive Chairman

Shareholders appear set to elect the eight-person board slate put forth by CEO Eileen Drake based on the votes that have come in ahead of the shareholder meeting Thursday.

 
Trucking Company Schneider Invests in Chemicals Supply Marketplace

Trucking company Schneider National is looking to expand its role in chemical distribution through an investment in a startup that is building an online marketplace for industrial raw materials.

 
Flying Coach Can Be Uncomfortable, but Flat Beds Are Coming

Air New Zealand plans to introduce pods with flat beds in economy class, initially installing them on direct flights to Chicago and New York from Auckland.

 
Samsung Starts Mass Production of Most Advanced Chips

Samsung Electronics has begun mass production of semiconductors using the most advanced 3-nanometer chip-making technology, becoming the first company to do so.

 
SenseTime Group Slumps After Expiration of Lockup Period

Shares of Chinese artificial-intelligence company SenseTime Group posted their biggest intraday loss since their debut, after a six-month lockup requirement ended.

 
Spirit Air's Board Pushes Shareholder Meeting on Frontier Bid for Second Time

Frontier and JetBlue sweetened their rival offers in recent days as the scheduled deadline loomed.

 
Cyberattack Prevents Macmillan From Shipping Its Books to Retailers

Macmillan, one of the largest book publishers in the U.S., said it has been hit by a cyberattack, and book retailers said they were unable to place new orders from the publisher.

 
Niantic Lays Off 8% of Its Workforce and Stops Some Projects

The "Pokémon Go" creator was a pioneer in augmented-reality videogaming but has struggled to produce new hits.

 
Xerox CEO John Visentin Dies

The tech company says its operations chief, Steve Bandrowczak, will serve as its interim CEO.

(END) Dow Jones Newswires

June 30, 2022 07:15 ET (11:15 GMT)

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