News Highlights: Top Company News of the Day
Juul Adds Two Restructuring Experts to Its Board
Private businesses nearing chapter 11 often appoint
disinterested directors to review past dealings with shareholders
or other related parties.
Credit Suisse Ramps Up Efforts to Strengthen Finances
Around 10 bidders submitted offers for the bank's
securitized-products group, as it seeks ways to bolster capital
after years of rocky performance.
Nissan Presses Partner Renault to Sell Down Stake
The auto makers are in talks to restructure the partnership,
which is more than two decades old, and aim to announce a deal as
early as November.
Bank of America to Settle Last Major Mortgage-Crisis Suit
The bank will pay $1.84 billion to resolve claims by Ambac
Financial that mortgage-backed securities Ambac insured were backed
by poorly underwritten loans.
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 Gain Ground as New Market Opens Up
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.
(END) Dow Jones Newswires
October 07, 2022 15:15 ET (19:15 GMT)
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