News Highlights: Top Company News of the Day
March 23 2023 - 07:30AM
Dow Jones News
Big Oil Eyes New Deals in North Africa Amid Rising Energy Demand
Halliburton and Honeywell are in advanced talks to develop oil
fields and refineries in Libya, while Eni is importing more oil and
gas from Algeria.
TikTok CEO Seeks to Convince Congress App Isn't Security Threat
Shou Zi Chew testifies Thursday morning at a high-stakes
congressional hearing, a stumble "will increase calls for a ban,"
Sen. Marco Rubio says.
Electric-Vehicle Growth Expands GM Cyber Chief's Concerns to Charging Stations
The shift from gasoline-powered vehicles is pushing the auto
maker into electric infrastructure. Shielding that grid from
cyberattacks will soon be part of Kevin Tierney's brief.
Starbucks's New CEO Brews Coffee at Stores to Prepare for Role
Laxman Narasimhan is taking over from Howard Schultz, after
months of immersing himself in the operations of the world's
largest coffee chain.
Banks Are Risky. Silicon Valley Bank's Risk Officer Was AWOL.
It might be the most thankless job in finance-and success means
averting danger. Before SVB failed, the bank operated without a
risk manager for eight months.
China Evergrande Reaches Debt-Restructuring Deal With Bondholders
China Evergrande Group has reached an agreement with its
offshore debtholders under which the property developer will issue
new bonds and equity-linked products.
SEC Plans Lawsuit Against Coinbase, According to Exchange
The regulator believes the largest U.S. crypto exchange violated
investor-protection laws in several aspects of its business,
including its staking and wallet service.
Avaya Cleared to Hand Control to Lenders in Repeat Bankruptcy
Avaya Holdings won court approval on a lender-backed chapter 11
exit plan that trims nearly $2.6 billion in debt from its balance
sheet and provides new financing to continue transforming itself
from a traditional provider of office telecommunications equipment
to a subscription-based software provider.
Carvana Debt Exchange Lacks Support From Bondholder Group
The used-car retailer is trying to find a way to shave off some
of its debt as it continues to lose money.
Apple, Microsoft Dominate U.S. Markets After FAANG Trade Fizzles
The combined weighting of Apple and Microsoft in the S&P 500
has risen to the highest level on record.
(END) Dow Jones Newswires
March 23, 2023 07:15 ET (11:15 GMT)
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