Twitter Denies Musk Claim It Tricked Him Into Signing Deal
The social-media company responded to the billionaire's countersuit, saying he doesn't have the right to back out of the $44 billion takeover because of fake accounts.
Beyond Meat Plans to Lay Off 4% of Global Workforce
The company's CEO says job cuts are part of a plan to reduce costs as inflation prompts consumers to buy less-expensive protein.
Carvana Cuts Costs as Demand for Used Autos Remains Under Pressure
The online used car dealer said reducing expenses is its top priority after focusing for years on aggressive sales growth.
Elon Musk Suggests Big Tesla Factory Expansion Plans
The electric-vehicle maker is likely to need roughly a dozen factories to reach its goal of selling 20 million vehicles annually by 2030, its CEO says.
Warner Bros. Discovery Weighs Free Ad-Supported Streaming Plan
The move is the latest effort by a streaming giant to reach a broader audience as the competition for users intensifies.
China Evergrande Group to Give Up Land Use Rights of Soccer Stadium for Over $800 Million
Evergrande Group said it will give up rights of a football stadium in China for 5.52 billion yuan as it looks to pare debt.
Zillow Reopens the Door to iBuying
Zillow says it will team up with Opendoor to help fight the impending downturn of the real-estate market.
Apollo Sets Up New Strategies for Secondary Deals and Wealthy Investors
Apollo Global Management Inc. is expanding into the secondaries market with the help of the Abu Dhabi Investment Authority and embarking on a strategy to draw in high-net-worth individual investors, executives at the firm said.
Voyager Digital Is Cleared to Return $270 Million to Customers
Cryptocurrency brokerage firm Voyager Digital secured approval to return $270 million in customer cash, settling one of the larger issues it faced after filing for bankruptcy.
Penguin Random House CEO Defends Merger at Trial
Markus Dohle said competitive bidding for titles will continue, as he testified during the fourth day of the antitrust trial in Washington, D.C.
(END) Dow Jones Newswires
08-04-22 2115ET
