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.

 
Billions in Signature Bank Debt to Be Sold by Newmark

FDIC to tap the real-estate firm to market about $60 billion in the failed lender's loans, adding pressure the commercial property market.

 
AI Bigwigs Call For Pause in Technology's Development

Tesla CEO Elon Musk and AI pioneer Yoshua Bengio are among those calling for a pause in the breakneck development of powerful new artificial-intelligence tools.

 
Macy's CEO to Retire, Give Reins to Bloomingdale's Boss

The transition comes at a time of upheaval for retailers as high inflation pinches consumers and pushes up manufacturing costs.

 
Exxon's Climate Opponents Were Infiltrated by Massive Hacking-for-Hire Operation

A charity created by some Rockefeller heirs is among the groups targeted by hackers. The oil giant hasn't been accused of wrongdoing.

 
Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says

The Swiss bank, which is in the process of being taken over by UBS, failed to disclose transfers linked to an ongoing tax conspiracy, according to the Senate investigation.

 
Ryan Cohen's Grand Plans For GameStop Keep Shrinking

Videogame retailer, the original meme stock, hits brakes on e-commerce push to refocus on its 4,400 bricks-and-mortar locations.

 
Dreaded Medical Paperwork Is About to Be Scaled Back

Prior authorization has generated so much resentment in recent years that some health insurers have been making tweaks.

 
Carl Icahn Wants to Bring Illumina's Old CEO Back

The activist investor signaled he wants change at the management level, and he has a candidate in mind for the top spot: former CEO Jay Flatley.

 
Adidas to Drop Opposition to Black Lives Matter's Logo

The German sportswear company had challenged the advocacy group's bid to trademark its logo, saying the three-stripe design was too similar to its own.

(END) Dow Jones Newswires

March 29, 2023 09:00 ET (13:00 GMT)

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