Verizon CEO Vestberg to Take Over Consumer Unit After Executive Exit 
 

Consumer division leader Manon Brouillette departed after less than a year amid weak wireless subscriber growth.

 
VF Corp. Chairman, CEO Steven Rendle Retires 
 

The apparel maker tapped a former Clorox chief as interim leader as it cut its sales and earnings guidance amid flagging demand.

 
EU Tells Illumina How to Unwind Deal to Buy Cancer-Test Developer Grail 
 

The European Commission said Illumina will have to restore Grail's independence and return it to the same level that existed before the acquisition.

 
FTX Effort to Save Itself Failed on Questionable Assets 
 

The assets, which consisted largely of four thinly traded crypto tokens, likely were worth less than the $6.4 billion FTX was claiming.

 
Blackstone's Property Bets Are Getting Shakier 
 

Rent growth is slowing for residential real estate, which makes up over half of the private-equity giant's portfolio.

 
Nike Parts Ways With Kyrie Irving 
 

The sneaker giant has cut ties with the Brooklyn Nets star after suspending its endorsement.

 
Restaurant Groups Push to Overturn California Fast-Food Wage Law 
 

A coalition of restaurants and business groups said they have submitted enough voter signatures for a ballot measure to try to halt the implementation of a new California law that would set minimum wages for fast-food workers.

 
Railroads Focus on Stabilizing Workforce After Strike Is Averted 
 

The federal rail regulator and businesses criticize service disruptions. Norfolk Southern is rethinking how it handles furloughs.

 
Foxconn's Revenue Hit by Covid Outbreak at iPhone Factory 
 

Since October, Foxconn has been scrambling to contain the outbreak at its Zhengzhou facility in China, the world's biggest iPhone assembly site.

 
Celsius Faces Bankruptcy-Court Test on Crypto Ownership 
 

The firm says that cryptocurrency deposits belong to it, an unsettled legal question for other crypto platforms now in chapter 11.

(END) Dow Jones Newswires

December 05, 2022 13:15 ET (18:15 GMT)

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