Lordstown Motors and Fisker Successor Face Off in Bankruptcy Court
Karma Automotive, previously known as Fisker Automotive, which sued Lordstown for $900 million alleging trade secrets theft, told the court that litigation shouldn’t be suspended against defendants who aren’t themselves bankrupt.
Crayhill Seeks $1 Billion for Asset-Backed Credit Fund
Crayhill Capital Management is raising its third fund dedicated to asset-backed credit investments as volatile markets and inflation are stoking investor interest in such strategies.
Nvidia Warns of Lost Opportunities if U.S. Bans AI Chip Exports to China
Potential new restrictions on the sale of artificial intelligence semiconductors to China could come with a hefty long-term cost for the American chip industry-and another setback for U.S. relations with Beijing.
Berkshire Buys More Occidental Stock, Now Holds 25% of Energy Company
Berkshire Hathaway purchased about $120 million of stock in recent days and now owns $12.9 billion of Occidental Petroleum.
Microsoft CEO Says $75 Billion Activision Deal Won’t Block Competition
Satya Nadella and Activision CEO Bobby Kotick say the Call of Duty franchise and other games will be available to competitors after the acquisition.
Costco Makes It Harder to Share Membership Cards
The bulk retailer is asking for photo identification at self-checkout registers.
FTX Begins Talks on Reboot Amid Regulatory Crackdown on Crypto Exchanges
The failed crypto company is in initial discussions with investors about relaunching its international exchange.
Overstock Buys Bed Bath & Beyond Intellectual Property
The $21.5 million deal includes the retailer’s website, domain names, trademarks, and customer and loyalty-program assets.
Micron Results Beat Expectations
Wall Street has been telling Micron investors to overlook any short-term weakness in its business.
SEC Ties Legend Venture Partners to StraightPath and Seeks Receiver
The agency has accused both firms of civil fraud related to selling private securities to individuals.
Source: Dow Jones Newswires