Elon Musk Proposes Closing Twitter Deal on Original Terms

An agreement would allow the social-media company and the billionaire to avert a high-stakes trial that was set to start soon; Twitter shares soar 22%.

 
Icahn, Others Clean Up on Musk's Twitter About-Face

The activist investor had a stake in the social-media company worth well over $500 million before Tuesday, sources say.

 
Juul Prepares to Seek Financing for Potential Bankruptcy Process

The vaping company has been working with restructuring advisers amid a dispute with the FDA.

 
Amazon Freezes Hiring in Retail Division

The company has been dealing with slowing growth in its retail segment this year.

 
CALB to Raise About $1.26 Billion From Hong Kong IPO

Chinese battery maker CALB Co. has priced its Hong Kong initial public offering at $4.84 a share, aiming to raise an estimated $1.26 billion in net proceeds.

 
Link Weighs Fresh Dye & Durham Proposal for Some Business Units

Australia-based Link Administration Holdings is considering an offer from Canadian cloud-based software company Dye & Durham for its corporate markets business and its entire banking and credit management unit.

 
Ray Dalio Hands Over Control of Bridgewater

The billionaire Bridgewater Associates founder stepped down as co-investment chief of the largest U.S. hedge fund firm, nearly five decades after he started it in his Manhattan apartment.

 
Micron to Spend Up to $100 Billion on Chip Factory in New York

The semiconductor plant in Clay, N.Y., would be the largest in the U.S., as Washington tries to boost the industry.

 
Ford's U.S. Sales Fell 9% in September

The auto maker said U.S. sales of trucks, which made up nearly half of its U.S. monthly sales, dropped more than 18%, offsetting a surge in sales of its electric vehicles.

 
DXC Stock Surges on News of Potential Sale

The information-technology company said it has been approached regarding a potential acquisition, but that it hasn't received a formal proposal.

(END) Dow Jones Newswires

October 05, 2022 05:15 ET (09:15 GMT)

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