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 claiming.

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 furloughs.

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 11.

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 disappointed.

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 Michael Klein.

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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