GE Sets Healthcare Division Spinoff Plans 

Shareholders will get one share in the new company in January for every three company shares they hold.

Tesla to Recall About 435,000 Cars in China 

Tesla is recalling more than 435,000 cars in China, days after the electric-car maker recalled about 80,000 vehicles in the world's largest auto market.

Zuckerberg Says Apple Has Too Much Clout Over Apps 

The Meta chief executive remains optimistic about his company's metaverse products and services.

TikTok Chief Touts Customer Data-Privacy Initiatives 

The unit of Beijing-based ByteDance has faced questions over the influence of the Chinese government on how its video-sharing platform secures user data.

Starwood-Backed Reverse Mortgage Originator Files for Bankruptcy 

Reverse Mortgage Investment Trust says it is among the nation's biggest providers of financing that enables seniors to tap the value built up in their homes.

Sam Bankman-Fried Denies Knowing Scale of Bad Alameda Bets 

Sam Bankman-Fried said that he didn't intend to commit any fraud or use customer funds to back leveraged bets that went wrong at Alameda Research, a crypto hedge fund attached to FTX that pushed the exchange to bankruptcy.

Elon Musk Says Apple, Twitter Have 'Resolved' Differences After Meeting 

The Twitter boss said he met with Apple CEO Tim Cook at Apple's headquarters and that Mr. Cook said Apple never considered banning Twitter from the App Store.

Victoria's Secret says inflation likely to hurt  women's-wear shoppers for rest of the year 

Shares of Victoria's Secret fell after the lingerie-maker forecast a decline in fourth-quarter sales and profit that was below analysts' expectations.

Salesforce Co-CEO Bret Taylor to Step Down 

Marc Benioff will become the business-software company's sole chief executive.

Even CrowdStrike Isn't on Safe Ground 

The cloud-software vendor's bleak projection shows cybersecurity isn't immune to an economic slowdown.


(END) Dow Jones Newswires

December 01, 2022 05:15 ET (10:15 GMT)

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