News Highlights: Top Company News of the Day
Nissan Presses Partner Renault to Sell Down Its Stake
The two auto makers are in talks to restructure the more than
two decade-old partnership. The companies aim to announce a deal as
early as November.
Bank of America 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
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.
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.
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
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
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.
(END) Dow Jones Newswires
October 07, 2022 13:00 ET (17:00 GMT)
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