News Highlights: Top Company News of the Day
FTX Effort to Save Itself Failed on Questionable Assets
The assets, which consisted largely of four thinly traded crypto
tokens, likely were worth less than the $6.4 billion FTX was
Restaurant Groups Push to Overturn California Fast-Food Wage Law
A coalition of restaurants and business groups said they have
submitted enough voter signatures for a ballot measure to try to
halt the implementation of a new California law that would set
minimum wages for fast-food workers.
Railroads Focus on Stabilizing Workforce After Strike Is Averted
The federal rail regulator and businesses criticize service
disruptions. Norfolk Southern is rethinking how it handles
Foxconn's Revenue Hit by Covid Outbreak at iPhone Factory
Since October, Foxconn has been scrambling to contain the
outbreak at its Zhengzhou facility in China, the world's biggest
iPhone assembly site.
Celsius Faces Bankruptcy-Court Test on Crypto Ownership
The firm says that cryptocurrency deposits belong to it, an
unsettled legal question for other crypto platforms now in chapter
Disney Needs to Do More With Less on Streaming
Robert Iger is rightly focused on streaming profit, but Walt
Disney's marquee franchises can't be serviced on the cheap.
New Zealand Plans to Make Facebook, Google Pay for News
New Zealand said it would seek to require online platforms like
Alphabet's Google and Facebook owner Meta Platforms to pay news
publishers for content.
How the Grinch Might Steal Pinterest
Investors hopeful for a big holiday from Pinterest could be
Credit Suisse's Investment Bank Attracts Saudi Crown Prince
Mohammed bin Salman could invest $500 million to back CS First
Boston, which the Swiss bank is spinning off, and its CEO-designate
TSMC's Arizona Chip Plant, Awaiting Biden Visit, Faces Birthing Pains
High costs, lack of trained personnel and unexpected
construction snags are among the issues cited by the Taiwanese
company as it rushes to get the $12 billion factory ready to start
production in December 2023.
(END) Dow Jones Newswires
December 05, 2022 09:15 ET (14:15 GMT)
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