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)

Copyright (c) 2023 Dow Jones & Company, Inc.