Credit Suisse Eyes Cost Cuts to Stabilize Embattled Bank 

The Swiss bank plans to cut technology expenditure to spend more targeting ultrarich customers, in its latest effort to stabilize an operation hobbled by scandals and missteps.

Juul Says FDA Mishandled Its E-Cigarette Application 

In court filings, the e-cigarette maker says the FDA overlooked more than 6,000 pages of data the company had submitted on the aerosols that users inhale.

Volkswagen Sells Stake in Electrify America to Siemens 

The German auto maker has agreed to sell a minority stake in its U.S. electric-vehicle charging business to Siemens-a transaction that provides $450 million in new money and values the charging network at $2.45 billion, the companies said.

Walgreens Drops Plans to Shed Boots, No7 Beauty After Bids Fall Short 

The big pharmacy chain says it will keep its Boots and No7 Beauty businesses after failing to receive adequate bids for the units amid a slump in financing markets.

Meta, TikTok Could Face Civil Liability for Addicting Children in California 

Social-media companies are lobbying to stop a first-in-the-nation proposal allowing government attorneys to sue them for features alleged to cause addiction among minors.

Musk Gets Twitter Data, but It Might Not Answer Spam Question 

Elon Musk has access to the Twitter data that he said was needed to complete his acquisition of the company, but data scientists and specialists doubt the stream will provide the conclusive answers he seeks about phony accounts.

Toshiba Shareholders Vote to Add Activist Investors to Board 

Toshiba shareholders approved the company's proposal to invite representatives from two foreign activist funds onto its board, a move which may help speed the transition of the troubled industrial conglomerate.

Publisher Gives Away Books It Thinks May Help People Bridge Political Divisions 

Simon & Schuster said it would let people download ebook or audiobook versions of "High Conflict" and "Let's Talk About Hard Things" until the end of July.

Recalled Sleep-Apnea Machines Pass Key Safety Tests, Philips Says 

The Dutch healthcare conglomerate said its DreamStation One sleep-apnea device passed safety tests conducted by independent laboratories, but that the sound-dampening foam inside the machines could be harmful if it enters the body.

Ernst & Young Fined $100 Million in Ethics Exam-Cheating Probe 

Ernst & Young agreed to pay a record $100 million fine and to admit that some of its auditors cheated on required ethics exams in recent years.


(END) Dow Jones Newswires

June 28, 2022 11:15 ET (15:15 GMT)

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