Microsoft Faces Tougher Path to Closing Activision Deal 

The software giant should give up on the deal, some analysts said, following the FTC's suit to block the planned $75 billion acquisition.

U.K. Loosens Banking Regulation 

Changes seek to improve competitiveness of city of London and help sluggish economy.

Sam Bankman-Fried Set to Testify to Congress About FTX Collapse 

FTX founder Sam Bankman-Fried said that he would testify next week before Congress, setting up a high-profile exchange with lawmakers.

Carvana Creditors Criticize Management, Gird for a Fight 

The CEO's father, who is the used-car dealer's biggest shareholder, is seen as a wild card in any potential restructuring.

Penguin Random House CEO Resigns Weeks After Simon & Schuster Deal Was Blocked 

Markus Dohle is stepping down from Penguin Random House after a federal judge blocked the world's largest consumer-book publisher from acquiring rival Simon & Schuster.

TotalEnergies to Take $3.7 Billion Write-Down on Novatek Stake 

The French energy giant also withdrew its directors from the Russian gas producer's board, as part of its efforts to scale back business in Russia following the invasion of Ukraine.

Workers at GM-LG Battery Plant in Ohio Vote to Unionize 

The result is a win for the UAW, which plans organizing campaigns at many U.S. battery factories slated to open in coming years.

Chewy's Online Pet Dominance Could Lose Its Bite 

The company is still the dominant online pet retailer, but Amazon and big-box retailers are starting to nip at its heels.

Fidelity International Wins China Mutual-Fund License 

The asset manager follows BlackRock and Neuberger Berman in getting Chinese regulatory approval to manage money for individual investors.

Former Apple Executive Says Company Blundered by Firing Him After TikTok Video 

The tech giant, which is grappling with supply delays in China, has lost top negotiator Tony Blevins, who says he was quoting a movie when he made a joke on video at a car show.


(END) Dow Jones Newswires

December 09, 2022 13:00 ET (18:00 GMT)

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