Credit Suisse Launches Bond Buyback 

Credit Suisse said it will spend around $3 billion to buy back senior bonds to save on interest payments as it prepares to reshape itself as a smaller and safer bank.

Samsung Expects Profit to Slump 

Memory-chip and smartphone businesses are feeling the effects of curbed consumer spending on tech products.

Twitter-Musk Judge Postpones Trial as Deal Talks Stall 

The surprise ruling, granting a request by Elon Musk, effectively ends negotiations and adds fresh uncertainty to efforts to close the $44 billion deal. Mr. Musk now has until Oct. 28 to do so.

Tesla Aims to Deliver First Semitrailer Trucks in December to PepsiCo 

Elon Musk said the truck can travel 500 miles on a single charge

Chevron Faces Challenges Restarting Venezuela's Oil Fields 

Analysts and executives are seeking to calculate how much crude the South American country can produce after years of infrastructure neglect.

Binance Estimates $100 Million Was Stolen in Blockchain Hack 

Crypto exchange Binance said late Thursday that $100 million was likely stolen as a result of a hack on its Binance Smart Chain blockchain network.

Florida Businesses Can't Require Covid Vaccine Proof, Court Rules 

The ruling tossed out a lower-court decision that had found the state's prohibition on proof of vaccination violated the speech rights of Norwegian Cruise Line Holdings, which challenged it in court.

Rakuten Group to Sell Stake in Online Brokerage Unit to Mizuho for $551.2 Million 

Rakuten Group Inc. has agreed to sell a 20% stake in its online brokerage unit to Mizuho Securities Co. for $551.2 million and form a strategic alliance.

Celsius Executives Cashed Out $18 Million in Crypto Before Bankruptcy 

Alex Mashinsky withdrew $10 million in tokens before stepping down as chief executive in late September.

AMD Cuts Revenue Forecast 

The company cites a weaker-than-expected PC market and "significant inventory correction actions across the PC supply chain."


(END) Dow Jones Newswires

October 07, 2022 05:15 ET (09:15 GMT)

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