News Highlights: Top Company News of the Day
Big Oil Eyes New Deals in North Africa Amid Rising Energy Demand
Halliburton and Honeywell are in advanced talks to develop oil
fields and refineries in Libya, while Eni is importing more oil and
gas from Algeria.
China Evergrande Reaches Debt-Restructuring Deal With Bondholders
China Evergrande Group has reached an agreement with its
offshore debtholders under which the property developer will issue
new bonds and equity-linked products.
SEC Plans Lawsuit Against Coinbase, According to Exchange
The regulator believes the largest U.S. crypto exchange violated
investor-protection laws in several aspects of its business,
including its staking and wallet service.
Avaya Cleared to Hand Control to Lenders in Repeat Bankruptcy
Avaya Holdings won court approval on a lender-backed chapter 11
exit plan that trims nearly $2.6 billion in debt from its balance
sheet and provides new financing to continue transforming itself
from a traditional provider of office telecommunications equipment
to a subscription-based software provider.
Carvana Debt Exchange Lacks Support From Bondholder Group
The used-car retailer is trying to find a way to shave off some
of its debt as it continues to lose money.
Apple, Microsoft Dominate U.S. Markets After FAANG Trade Fizzles
The combined weighting of Apple and Microsoft in the S&P 500
has risen to the highest level on record.
Talking Markets: XPeng Rallies, But Pressure Remains
XPeng Inc. is facing price wars and market oversupply that are
denting sales of its all-electric vehicles in China, with many
analysts forecasting more pain to come.
GameStop Stock Had Its Best Day Since 2021. An Earnings Surprise Squeezed Shorts.
The videogame retailer's shares rose 35% after the firm reported
a quarterly profit.
House Republicans Subpoena Labor Authorities in Starbucks Union Dispute
A House committee asked a regional NLRB official to provide
documents as lawmakers look into whether the agency improperly
influenced at least one Starbucks union election.
Indeed to Lay Off 2,200 Employees, 15% of Workforce
The job-search platform will reduce head counts on nearly every
team. CEO Chris Hyams said he would be taking a 25% cut in his base
(END) Dow Jones Newswires
March 23, 2023 05:00 ET (09:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.