Alibaba's U.S. Listing Falls to Lowest Since 2019

The shares of several tech companies declined after authorities in Beijing released a new round of proposed regulations.

 
BHP's New Look Is Only a Shade Greener

The world's largest miner is leaving petroleum behind, but serving the carbon-intensive steel industry remains its key business.

 
Ex-Purdue Pharma Director David Sackler Defends Family's Bankruptcy Settlement

Mr. Sackler testified during the second week of a New York bankruptcy trial on a proposed multibillion-dollar settlement, saying he's saddened that OxyContin has been misused and that his family's settlement offers the funding needed for opioid abatement.

 
PG&E Blacks Out Some Customers to Reduce California Wildfire Risks

The pre-emptive power shut-offs, the company's first this wildfire season, are a response to high winds that are poised to hit the state.

 
Sanchez Energy Bondholders Say Fidelity Tripled Its Money on Postbankruptcy Loan

A bondholder lawsuit filed Friday targets financing deals that Fidelity and Apollo Global Management Inc. reached with Sanchez after it exited chapter 11 last year, saying the lenders have seized too much control over the reorganized business and have enjoyed "massive" returns at the expense of unsecured creditors.

 
Fracking Contractor Basic Energy to Be Broken Up in Bankruptcy

Fracking contractor Basic Energy Services Inc. filed for bankruptcy Tuesday for the second time in five years, planning to sell itself in parts and setting up a $47.5 million conflict with its controlling shareholder, Ascribe Capital.

 
Top TriMark Lenders Must Face Challenge to Rescue Loan

A New York judge declined to clear Oaktree Capital Management and Ares Management Corp. of allegations a $427.5 million rescue financing package for restaurant supplier TriMark USA trampled the rights of other lenders.

 
Ford Wants More Buyers to Order Online and Wait, Rather Than Pick Off the Lot

The auto maker plans to permanently reduce the number of vehicles carried on dealership lots, hoping to do more sales from buyers who custom order.

 
PepsiCo Aims to Replenish More Water Than It Uses

PepsiCo laid out a new plan to save water as companies grapple with water scarcity driven by rising demand and climate change.

 
Ziff Davis Is Returning to Public Markets With a Mandate to Make Deals

When j2 Global splits in two, the new parent company will be named after the century-old magazine publisher and will have $1 billion for buying up other companies.

(END) Dow Jones Newswires

August 17, 2021 23:15 ET (03:15 GMT)

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