UBS Brings Back Former CEO After Credit Suisse Deal

Sergio Ermotti, who previously ran UBS for nine years, will return as the Swiss bank moves into a new era following the $3.2 billion agreement.

 
Jamie Dimon to Face Questioning in Lawsuit Over JPMorgan's Epstein Ties

The bank had resisted the U.S. Virgin Islands' efforts to force the CEO to submit to a deposition.

 
For Alibaba, Six Is Bigger Than One-And a Smaller Target

There are good reasons to think that a split-up Alibaba would be more valuable. In this case, politics and profits are pointing in the same direction.

 
EV Startup Lucid Cuts 18% of Workforce, Including Some Executives

The maker of high-end electric cars plans to lay off about 1,300 employees.

 
Lululemon's stock soars 13% on revenue, earnings beat

Lululemon Athletica Inc.'s stock vaulted more than 13% in extended trading Tuesday after the clothing retailer reported quarterly results that topped analyst revenue and earnings estimates, and offered strong full-year revenue guidance.

 
Cal-Maine Foods profit jumps eightfold, revenue more than doubles as egg prices rise

Prices for eggs rose significantly and avian bird flu continued to affect egg production, but Cal-Maine beat Wall Street expectations.

 
Sam Bankman-Fried Charged With Bribing Chinese Officials

Prosecutors accused the FTX founder of conspiring to pay off Chinese officials to regain access to more than $1 billion in frozen cryptocurrency.

 
Lawmakers Scold Fed Over Silicon Valley Bank Collapse

Senators rebuked the Federal Reserve for failing to prevent the collapse of Silicon Valley Bank despite identifying risks beforehand, while the central bank's top regulator blamed the firm's executives for not fixing its problems.

 
Micron reports largest loss on record, but stock gains as execs say inventory issues have peaked

Micron reported its largest quarterly loss on record Tuesday, but shares held up as executives suggested the memory-chip market may be reaching a bottom.

 
Binance Sees $2 Billion in Outflows as Troubles Compound

In a tumultuous few days, the crypto giant raised fees, suffered software issues and faced a regulator lawsuit.

(END) Dow Jones Newswires

March 29, 2023 05:00 ET (09:00 GMT)

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