FTX founder Sam Bankman-Fried. David Dee Delgado/Getty Images FTX founder Sam Bankman-Fried is likely to plead not guilty to fraud and other charges at his arraignment next week, according to people familiar Read more
Tag: WSJ
PepsiCo to lay off ‘hundreds’ in snack and beverage divisions: WSJ
PepsiCo Inc. PEP, -1.38% is laying off “hundreds” of workers at the headquarters of its North American snacks and beverages divisions, The Wall Street Journal reported Monday, citing people familiar Read more
FTX lent over half of its customer funds to affiliated trading firm: WSJ
Embattled crypto exchange FTX, once the third-largest crypto exchange by trading volume, reportedly lent more than half of its customer funds to its affiliated trading firm Alameda Research, exposing further Read more
Boeing nearing settlement with SEC related to 737 Max crashes: WSJ
Shares of Boeing Co. BA, -3.20% edged higher in the extended session Thursday after The Wall Street Journal reported that the aerospace and defense company was seen “poised” to settle Read more
Ford confirms job cuts to pay for EV transition: WSJ
Ford Motor Co. F, -4.38% has confirmed layoffs affecting about 3,000 jobs mostly in the U.S. and Canada, and has started to notify workers through internal e-mail, The Wall Street Read more
Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured
A $600 million debt deal arranged for beleaguered business communication company Avaya Holdings Corp. quickly went bad, according to The Wall Street Journal. The WSJ reported Tuesday that Goldman Sachs Read more
Pfizer agrees to buy Global Blood Therapeutics in deal valued at $5.4 billion: WSJ
Pfizer Inc. PFE, -1.18% has reached an agreement to buy Global Blood Therapeutics Inc. [s :gbt] in a deal valued at $5.4 billion, the Wall Street Journal reported, citing people Read more
EU Countries Reach Deal to Cut Gas Consumption by 15% Over Next Eight Months — WSJ
By Kim Mackrael and Joe Wallace European countries on Tuesday reached a watered-down agreement to curb their consumption of natural gas over the next eight months in an effort to Read more
China slaps $1.2 billion fine on ride-hailing giant Didi, citing cybersecurity breaches — WSJ
SINGAPORE–Chinese authorities fined ride-hailing company Didi Global Inc. the equivalent of about $1.2 billion, bringing an end to a year-long investigation into the company’s cybersecurity practices. The Cyberspace Administration of Read more
NCR Shares Jump 17% After WSJ Report on Buyout Talks
By Chris Wack NCR Corp. shares were up 17% to $34 in premarket trading after The Wall Street Journal reported that the company is in exclusive talks to be sold Read more