Former ByteDance Executive Claims Chinese Communist Party Accessed TikTok’s Hong Kong User Data
Allegation is made in suit against TikTok parent company, ByteDance, which says it vigorously opposes the claim.
Apple’s Augmented Reality Faces Real Questions
The Vision Pro headset is an expensive gamble for a company that needs a new hit.
SEC Sues Crypto Exchange Binance
The regulator alleges that the company misused customer funds and ran an illegal crypto exchange in the U.S.
Bed Bath & Beyond in Talks to Sell Buybuy Baby to Owner of Janey and Jack
Bed Bath & Beyond is in talks to keep its Buybuy Baby chain open through a possible sale to the private-equity owner of children’s apparel retailer Janey and Jack, according to people familiar with the matter.
Blackstone Agrees to Sell San Antonio Resort Hotel for $800 Million
Ryman Hospitality Properties has contracted to buy the property, which includes more than 1,000 rooms, a spa, two golf courses and 268,000 square feet of meeting space.
Spotify Layoffs Are Latest Sign of Struggles in Podcast Business
The streaming company plans to focus on partnerships with top podcasters including Joe Rogan and Emma Chamberlain.
Allstate Stops Selling New Home-Insurance Policies in California, Citing Wildfire Risks
The company said it has become too expensive to offer home insurance in the state.
Mallinckrodt Stock Sinks as It Considers Another Bankruptcy
The stock fell by 40% after the drugmaker said it is in talks with creditors about options including a second bankruptcy filing to fix its balance sheet and address a $200 million payment due this month.
CNN CEO Chris Licht Apologizes in Wake of Unflattering Article
On a morning editorial call, Licht said news about his management of the network was overshadowing its journalistic achievements.
Trial Over ‘Forever Chemicals’ Delayed for Settlement Talks
3M and a Florida city are trying to reach a global settlement that could determine how much 3M and other companies pay to filter PFAS chemicals from drinking water nationwide.
Source: Dow Jones Newswires