TotalEnergies Will Take $3.7 Billion Writedown on Novatek Stake

The French energy giant also withdrew its directors from the Russian gas producer's board, as part of its efforts to scale back business in Russia following the invasion of Ukraine.

 
Workers at GM-LG Battery Plant in Ohio Vote to Unionize

The result is a win for the UAW, which plans organizing campaigns at a slew of U.S. battery factories slated to open in coming years.

 
Former Apple Executive Says Company Blundered by Firing Him After TikTok Video

The tech giant, which is grappling with supply delays in China, has lost top negotiator Tony Blevins, who says he was quoting a movie when he made a joke on video at a car show.

 
Google Ad Software Disrupted for Publishers Large and Small

The malfunction, which lasted more than 2 1/2 hours, affected software that places digital ads on websites.

 
Costco Sales Growth Cools as Consumers Shift Discretionary Spending

The warehouse retailer posts a year-over-year increase in membership fees.

 
Chinese Property Developers Rise as Sunac Advances Debt Restructuring Plan

Shares of Chinese real-estate companies led the Hong Kong market's upturn, as Sunac unveiled progress in restructuring its debt that could bode well for other private developers.

 
TotalEnergies Writes Off Novatek Stake, Withdraws Directors

TotalEnergies said it would book an impairment of around $3.7 billion to write off the value of its stake in Novatek and immediately withdrew its directors from the board of the Russian firm.

 
FTC Sues to Block Microsoft's Acquisition of Activision Blizzard

The antitrust enforcer sued Microsoft to prevent its planned $75 billion deal for Activision Blizzard, taking one of its biggest shots under the Biden administration at halting a merger of technology giants.

 
Auto-Safety Regulators Seek Answers on Potentially Explosive Air-Bag Inflators

The NHTSA sent letters to car companies this week as part of ongoing investigation that covers an estimated 51 million inflators.

 
MidOcean to Exit Stake in Nutrabolt With Keurig Dr Pepper Deal

The midmarket private-equity firm initially acquired a minority stake in the sports-drink company in 2014

(END) Dow Jones Newswires

December 09, 2022 07:00 ET (12:00 GMT)

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