Bank of America to Pay $1.84 Billion to Settle Last Major Mortgage-Crisis Suit 

Bank of America will pay $1.84 billion to resolve claims by Ambac Financial that mortgage-backed securities Ambac insured before the financial crisis were backed by poorly underwritten loans.

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.

CVS in 'Exclusive Talks' to Buy Cano Health: Report 

A report says the healthcare conglomerate is discussing an acquisition of primary care chain Cano Health.

Facebook Warns Users About 400 Malicious Apps That Steal Passwords 

The social-media company said it notified Apple and Google about the apps that were available through their respective app stores

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.

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. He now has until Oct. 28 to do so.

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.


(END) Dow Jones Newswires

October 07, 2022 11:00 ET (15:00 GMT)

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