Hertz to Pay $168 Million to Settle False-Arrest Allegations

The car-rental company has for years grappled with allegations that inventory mismanagement issues have caused it to falsely report some of its cars as stolen.

 
Slack CEO Stewart Butterfield to Depart

Salesforce named current cloud executive Lidiane Jones to run the messaging app.

 
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.

 
Stablecoin Firm Circle Ends SPAC Deal

Circle Internet Financial, the company that operates the USD Coin stablecoin, is ending its current attempt to go public though a special purpose-acquisition merger.

 
VF Corp. Chairman and 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.

(END) Dow Jones Newswires

December 05, 2022 15:15 ET (20:15 GMT)

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