Bed Bath & Beyond Prepares to File for Bankruptcy Within Weeks
The home-goods chain's stock plunged after it expressed substantial doubt about its ability to stay in business.
Vince McMahon Plots Return to WWE
The majority owner and former chief executive plans to return to the company to pursue a sale of the business.
Qualcomm, Iridium Take Aim at Satellite-to-Mobile Phone Market
The two companies said said they are introducing technology that would allow smartphone users to send and receive messages via satellite when regular cellular connectivity isn't available.
ChatGPT Creator in Investor Talks at $29 Billion Valuation
A tender offer at that valuation would make OpenAI one of the most valuable startups in the U.S., bucking a tech retrenchment.
Mercedes-Benz Plans to Install Its Own Network of EV Chargers
Luxury brand intends to install 10,000 chargers globally that drivers of cars with compatible technology can use.
Citadel Posts Record Revenues for Hedge-Fund, Securities Operations
The hedge-fund business is said to have taken in $28 billion in revenue for 2022.
Utility Company Southern Names Chris Womack President, CEO
Georgia Power executive tapped to lead parent company
Crypto Lender Genesis Considers Bankruptcy, Lays Off More Staff
The firm suffered steep losses from loans it supplied to the now-defunct trading firm Alameda Research and crypto hedge fund Three Arrows Capital.
Stitch Fix to Cut 20% of Salaried Jobs as CEO Steps Down
The personal shopping and styling company's chief executive, Elizabeth Spaulding, had been in the position for less than 18 months and will be succeeded by founder Katrina Lake.
Peloton to Pay $19 Million Fine Over Treadmill Recall
The company settled with the Consumer Product Safety Commission after the watchdog accused the company of failing to immediately report that its Tread+ machines contained a defect that could cause serious injury.
(END) Dow Jones Newswires
01-05-23 1915ET
