News Highlights: Top Company News of the Day
March 31 2023 - 7:30AM
Dow Jones News
JD.com's Property and Industrial Units Seek About $1 Billion Each in Hong Kong IPOs
The Chinese e-commerce giant said it plans to spin off the two
businesses through separate listings.
Pro Take: Retail Investors Flee Bed Bath & Beyond When It Needs Them Most
Individual shareholders question whether the troubled retailer
can support a capital raise many times larger than its current
market value.
Ford Raises Price Again on Electric F-150 Lightning Truck
Auto maker has resumed full production of the truck after
addressing a battery issue.
Virgin Orbit to Cut Workforce by 85%
The satellite-launch company is cutting expenses after failing
to secure meaningful funding.
Merdeka Battery Materials on Track to Price IPO at Top of Range
Nickel miner Merdeka Battery Materials is likely to price its
initial public offering at the top of its guided range, putting it
on track to raise about $581 million in what would be Indonesia's
third-largest listing this year.
Fed, Treasury Fine Wells Fargo for Sanctions Violations
The $97.8 million fine is for violating U.S. sanctions by
allowing a foreign bank to make prohibited transactions.
Wall Street Bonuses Fall by Most Since 2008
The average bonus was $176,000 last year, down 26% from
2021.
FTX Founder Sam Bankman-Fried Denies New Charges
A lawyer also said he plans to challenge the new criminal
counts, arguing they violate the terms of the former chief
executive's extradition.
Jack Ma Engineered Alibaba's Breakup From Overseas
The Chinese billionaire used his influence within Alibaba Group,
the e-commerce empire he built, to orchestrate its breakup plans,
people familiar with the matter said.
TikTok Needed Help in Washington. It Hired Former Obama, Disney Advisers.
Zenia Mucha, Jim Messina and David Plouffe were brought on to
advise the video app's CEO on handling U.S. criticism over its
China ties.
(END) Dow Jones Newswires
March 31, 2023 07:15 ET (11:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.