Ambac Settles With Bank of America for $1.84 Billion 

Ambac Financial and Bank of America have resolved longstanding litigation related to residential mortgage-backed securities with a $1.84 billion settlement.

Memory Chip Makers Struggle With Declines in Demand, Price 

Memory chips provide a key barometer of health for the semiconductor industry, which is reckoning with a sudden shift from pandemic strength to an abrupt drop-off in demand.

Meta's Virtual Reality Meets Facebook's Harsh Real World 

The social network is in cost-cutting mode ahead of its huge investment in the metaverse.

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.

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.

Cancer-Detecting Blood Tests Behind Illumina's $7.1 Billion Antitrust Battle Gain Ground 

Tests from Grail and others aim to help clinicians diagnose more cancers earlier, though data are limited.

Samsung Expects Profit to Slump 

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

AMD's Revenue Warning Is Dissected by Wall Street. It's Not All Bad News. 

Advanced Micro Devices issues a revenue warning and Samsung Electronics posts a 32% drop in third-quarter operating profit.

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.

Tesla Aims to Deliver First Semitrailer Trucks in December to PepsiCo 

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


(END) Dow Jones Newswires

October 07, 2022 09:00 ET (13:00 GMT)

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