Ford Projects $3 Billion Loss on EV Business for 2023 

The auto maker says it wants to give investors more visibility into the performance of its three business units.

Accenture to Cut 19,000 Jobs, 2.5% of Workforce 

Layoffs by the provider of consulting and outsourcing services contribute to a wave of cuts that have gone beyond the tech industry as greater economic uncertainty drives cost reduction across different sectors.

Did UBS Just Get the Deal of the Decade? 

The bank's acquisition of Credit Suisse will benefit from very favorable deal math-but there are risks too.

Evergrande Strikes Deal for Bond Restructuring 

The restructuring has been agreed to by a group that holds more than a fifth of the property developer's international bonds. Other bondholders have until March 31 to approve the restructuring.

A 16-Month-Old Chatbot Startup, Character.AI, Is Now a Unicorn 

Silicon Valley company said it raised $150 million from Andreessen Horowitz and others

Toshiba Plans to Go Private in $15 Billion Deal With Japan Investors 

Toshiba said the buyout would be led by Japan Industrial Partners, a Tokyo-based investment fund.

General Mills Boosts View as Quarterly Sales Rise 13% 

The improved outlook came after the food maker posted better-than-expected financial results.

Bed Bath & Beyond Investor Preserves Fundraising Deal Even as Stock Dips Below $1 

Bed Bath & Beyond secured a short-term agreement from key equity investor Hudson Bay Capital Management to keep their fundraising agreement intact despite a possible price failure that may have occurred because the stock dropped below $1 this week.

Olive Garden Parent Is Packing Them In 

Darden Restaurants has used value as a way to outpace full-service dining rivals as American consumers stay cautious.

Charles Schwab Says It Could Ride Out a Deposit Flight 

The brokerage is sitting on sizable long-term debt that has lost value as the Fed has raised rates.


(END) Dow Jones Newswires

March 23, 2023 11:15 ET (15:15 GMT)

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