News Highlights: Top Company News of the Day
Meta's Virtual Reality Meets Facebook's Harsh Real World
The social network is in cost-cutting mode ahead of its huge
investment in the metaverse.
Credit Suisse Launches Bond Buyback
Credit Suisse said it will spend around $3 billion to buy back
senior bonds to save on interest payments as it prepares to reshape
itself as a smaller and safer bank.
Samsung Expects Profit to Slump
Memory-chip and smartphone businesses are feeling the effects of
curbed consumer spending on tech products.
Chip Stocks Tumble as AMD Revenue Warning Bites
Advanced Micro Devices issues a revenue warning and Samsung
Electronics posts a 32% drop in third-quarter operating profit.
Binance Estimates $100 Million Was Stolen in Blockchain Hack
Crypto exchange Binance said late Thursday that $100 million was
likely stolen as a result of a hack on its Binance Smart Chain
Tesla Aims to Deliver First Semitrailer Trucks in December to PepsiCo
Elon Musk said the truck can travel 500 miles on a single
Chevron Faces Challenges Restarting Venezuela's Oil Fields
Analysts and executives are seeking to calculate how much crude
the South American country can produce after years of
Twitter-Musk Judge Postpones Trial as Deal Talks Stall
The surprise ruling, granting a request by Elon Musk,
effectively ends negotiations and adds fresh uncertainty to efforts
to close the $44 billion deal. Mr. Musk now has until Oct. 28 to do
Kanye West's Yeezy Partnership Put Under Review by Adidas
The German sportswear giant says it has worked to privately
resolve disputes over its contract with the musician and
Celsius Executives Cashed Out $18 Million in Crypto Before Bankruptcy
Alex Mashinsky withdrew $10 million in tokens before stepping
down as chief executive in late September.
(END) Dow Jones Newswires
October 07, 2022 07:00 ET (11:00 GMT)
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