News Highlights: Top Company News of the Day
GE Sets Healthcare Division Spinoff Plans
Shareholders will get one share in the new company in January
for every three company shares they hold.
Tesla to Recall About 435,000 Cars in China
Tesla is recalling more than 435,000 cars in China, days after
the electric-car maker recalled about 80,000 vehicles in the
world's largest auto market.
Zuckerberg Says Apple Has Too Much Clout Over Apps
The Meta chief executive remains optimistic about his company's
metaverse products and services.
TikTok Chief Touts Customer Data-Privacy Initiatives
The unit of Beijing-based ByteDance has faced questions over the
influence of the Chinese government on how its video-sharing
platform secures user data.
Starwood-Backed Reverse Mortgage Originator Files for Bankruptcy
Reverse Mortgage Investment Trust says it is among the nation's
biggest providers of financing that enables seniors to tap the
value built up in their homes.
Sam Bankman-Fried Denies Knowing Scale of Bad Alameda Bets
Sam Bankman-Fried said that he didn't intend to commit any fraud
or use customer funds to back leveraged bets that went wrong at
Alameda Research, a crypto hedge fund attached to FTX that pushed
the exchange to bankruptcy.
Elon Musk Says Apple, Twitter Have 'Resolved' Differences After Meeting
The Twitter boss said he met with Apple CEO Tim Cook at Apple's
headquarters and that Mr. Cook said Apple never considered banning
Twitter from the App Store.
Victoria's Secret says inflation likely to hurt women's-wear shoppers for rest of the year
Shares of Victoria's Secret fell after the lingerie-maker
forecast a decline in fourth-quarter sales and profit that was
below analysts' expectations.
Salesforce Co-CEO Bret Taylor to Step Down
Marc Benioff will become the business-software company's sole
Even CrowdStrike Isn't on Safe Ground
The cloud-software vendor's bleak projection shows cybersecurity
isn't immune to an economic slowdown.
(END) Dow Jones Newswires
December 01, 2022 05:00 ET (10:00 GMT)
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