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 pay.


(END) Dow Jones Newswires

March 23, 2023 05:15 ET (09:15 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.