Venezuela Bondholders' Claim on Citgo to Be Decided by New York's Top Court

A federal appeals court deferred ruling on whether U.S. bondholders have valid claims over Venezuela's prized oil refiner Citgo Petroleum Corp., instead asking New York state's highest court to decide on the disputed $1.7 billion debt. 


 
Crypto Firm Tether Exits Commercial Paper Investments

The stablecoin issuer said it has eliminated more than $30 billion of the unsecured debt holdings "without any losses." 


 
Crypto Broker Lays Off One-Third of Staff

NYDIG said last year that it had raised $1 billion at a valuation of more than $7 billion. 


 
Jury Hears Closing Arguments in Trial of Nikola Founder Milton

Prosecutors allege the former CEO lied to investors about his electric-truck startup's technology. 


 
Production Company Behind 'Top Gun: Maverick' Raises Capital

Private-equity firm KKR bought into David Ellison's Skydance, as RedBird Capital and Tencent increased their stakes to bring the production company's valuation to $4 billion. 


 
Kroger, Albertsons in Talks to Create Supermarket Powerhouse

The potential deal would combine the two largest supermarket operators in the U.S., creating a grocery giant with thousands of stores and one of the country's biggest employers. 


 
Amazon's October Attempt at Prime Day Falls Flat, Analysts Say

The e-commerce company offered few details about the sales event. One analyst said it's "mostly just another day on Amazon." 


 
Netflix's Ad-Backed Plan to Launch in November at $6.99 a Month

"Basic with Ads" begins a month before the start of Disney+'s ad-supported streaming platform and for one dollar less. 


 
Morgan Stanley Must Face $375 Million Tops Creditors Lawsuit

A trustee for Tops Friendly Markets creditors can move forward with a suit against Morgan Stanley and other company backers over dividends paid before the grocery chain filed for chapter 11. 


 
Apple, Goldman Sachs to Offer High-Yield Savings Accounts

Users of Apple's credit card would be able manage the accounts directly in an iPhone's Wallet app.


(END) Dow Jones Newswires

10-13-22 2115ET