FTC Sues to Block Microsoft's Acquisition of Activision 
 

The FTC sued Microsoft to prevent its planned $75 billion deal for Activision Blizzard, taking one of its biggest shots under the Biden administration at halting a merger of technology giants.

 
Credit Suisse Completes $2.4 Billion Capital Raise 
 

Credit Suisse Group said that it completed its latest rights offering and had put into action around 80% of the cost cuts it planned for 2023.

 
Amtrak Calls for Investigation Over Freight-Caused Delays in Southwest 
 

Union Pacific freight train interference delays passengers average of four hours per trip, Amtrak says in federal complaint.

 
Exxon Holds Firm on Its Five-Year Spending Outlook 
 

The oil company is resisting the Biden administration's call for more investment to expand production and curb pump prices.

 
Amazon Launches TikTok-Style Feed in Push to Accelerate Social Shopping 
 

The tech company joins its U.S. peers in capitalizing on the popularity of the short-video format.

 
FDA Authorizes Updated Covid-19 Vaccines for Children as Young as 6 Months 
 

Under the decision, certain children 6 months through 5 years can get the updated boosters, which target two Omicron offshoots as well as the original strain of the coronavirus.

 
New York Times Staffers Go on One-Day Strike Amid Stalled Contract Talks 
 

The strike by more than 1,000 New York Times staffers puts the organization in the position of having to cover news for one day without the majority of its reporters.

 
Disney+ With Ads Goes Live 
 

Walt Disney is charging $7.99 a month for the version of Disney+ with ads, while the ad-free version will now cost $10.99 a month.

 
Blue Apron Lays Off 10% of Corporate Workforce 
 

The meal-kit company said it plans to cut spending on marketing, consulting and labor in 2023.

 
SpaceX Courts Military With New Starshield Project 
 

The Elon Musk-led company is stepping up its efforts to win more national-security business after years of keeping its work under wraps.

(END) Dow Jones Newswires

December 08, 2022 15:15 ET (20:15 GMT)