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.

 
Bed Bath & Beyond stock sinks to record low after sales warning, large equity offering 
 

Bed Bath & Beyond stock tumbles after the company warns of a big sales miss and launches a large stock offering.

 
Huawei's Meng Steps Closer to U.S.-China Tech-War Front Line 
 

Meng Wanzhou, the telecom company's finance chief, is set to serve as rotating chairwoman, 18 months after securing her freedom in a prisoner swap.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

March 31, 2023 09:00 ET (13:00 GMT)

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