News Highlights: Top Company News of the Day
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
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
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
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
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
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 13:15 ET (18:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.