Troubles at Sam Bankman-Fried's Alameda Began Well Before Crypto Crash
The trading firm took big gambles, winning some and losing plenty. Mr. Bankman-Fried remained deeply involved even after stepping down as CEO. There was a "complete lack of a risk-management framework that they could articulate in any meaningful way," said one potential partner.
Southwest Shows Progress in Push to Restore Flights
The carrier had 30 Saturday flight cancellations as of Saturday evening, and it was seeking employee volunteers to help catch up with requests for refunds and lost-baggage retrieval.
Pizzerias, Chains Work to Recruit Delivery Drivers
A shortage of drivers is hurting business, while rising fuel and car-maintenance costs have made the job less appealing over the past year.
DEA Pressed ADHD-Drug Makers About Impact of Telehealth Firms on Surging Demand
The agency this summer questioned whether the recent increase in prescriptions reflects "legitimate need" or marketing pressure.
Bahamas Regulator Says It Seized $3.5 Billion in FTX Crypto Assets
The Securities Commission of the Bahamas says it is awaiting guidance from a local court on what to do with assets seized from FTX Digital Markets.
Canadian Regulator Moves Again to Block Rogers-Shaw Deal
The Competition Bureau plans to appeal after the merger court ruled that the roughly $14.7 billion deal is unlikely to weaken competition.
Saudi Arabia Takes Controlling Stake in Augmented-Reality Pioneer Magic Leap
The shift in ownership comes as the once-highflying startup tries to revive its fortunes with a new headset.
Bed Bath & Beyond Falls After Disclosing SEC Letter
The letter requested more information on how supply chain challenges had impacted the retailer's performance in the second half of fiscal 2021.
Three Arrows' U.S. Co-Founder Can Be Subpoenaed Via Twitter, Judge Rules
Liquidators are allowed to subpoena the crypto hedge fund's co-founder Kyle Davies via Twitter and email, though not fellow co-founder Su Zhu, who isn't a U.S. national or resident.
China Regulator Says Futu, Up Fintech Violated Laws
China's securities regulator said two Nasdaq-listed online brokers violated its domestic laws by allowing customers on the mainland to make cross-border trades.
(END) Dow Jones Newswires
01-01-23 2115ET
