[ad_1]
Company profiles point to high-tech parts as military links fuel Washington’s concerns of spy threat
Source link
Tag: WSJ-PRO-WSJ.com
-
Bed Bath & Beyond to Shut Down Canadian Stores in Bankruptcy
[ad_1]
Bed Bath & Beyond Inc.’s Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to save its U.S. operations from bankruptcy.
The troubled retailer filed its Canadian division for protection under the Companies’ Creditors Arrangement Act, Canada’s rough equivalent of chapter 11 bankruptcy. Bed Bath & Beyond has “reluctantly concluded” that even with the lifeline of its recent equity raise, there isn’t enough capital available both to restructure its U.S. business and bring the Canadian business to profitability, the company said in filings with an Ontario court.
[ad_2]
-
Adani Offshore Investor Has Links to Adani Family
[ad_1]
[ad_2]A short seller’s allegations of fraud by Gautam Adani’s conglomerate center on whether his family wielded influence over Mauritius-based investors
Source link -
J&J Can’t Use Bankruptcy to Resolve Talc-Injury Lawsuits, Appeals Court Rules
[ad_1]
A federal appeals court rejected Johnson & Johnson ‘s plan to use a legal strategy to push about 38,000 talc lawsuits into bankruptcy court, hampering the controversial tactic the company and a handful of other profitable businesses have used to move mass personal-injury cases to chapter 11.
The Third U.S. Circuit Court of Appeals on Monday dismissed the chapter 11 case of J&J subsidiary LTL Management LLC, which the consumer-health-goods giant created in 2021 to move to bankruptcy court the mass lawsuits alleging its talc-based baby powder products caused cancer.
[ad_2]
-
WSJ News Exclusive | Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks
[ad_1]
[ad_2]Cohen first contacted the Chinese e-commerce giant’s board in August to say he saw the company’s shares as undervalued
Source link -
Individual Investors Hang On in Wild Year for Stocks While Pros Sell
[ad_1]
During the wildest year for global markets since 2008, individual investors have been doubling down on stocks. Many professionals, on the other hand, appear to have bailed out.
U.S. equity mutual and exchange-traded funds, which are popular among individual investors, have attracted more than $100 billion in net inflows this year, one of the highest amounts on record in EPFR data going back to 2000.
[ad_2]
-
WSJ News Exclusive | Amgen in Advanced Talks to Buy Horizon Therapeutics
[ad_1]
[ad_2]U.S. biotechnology company was the last of three suitors standing in an auction for Horizon
Source link -
Apple Makes Plans to Move Production Out of China
[ad_1]
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam, they say, and looking to reduce dependence on Taiwanese assemblers led by Foxconn Technology Group.
Turmoil at a place called iPhone City helped propel Apple’s shift. At the giant city-within-a-city in Zhengzhou, China, as many as 300,000 workers work at a factory run by Foxconn to make iPhones and other Apple products. At one point, it alone made about 85% of the Pro lineup of iPhones, according to market-research firm Counterpoint Research.
[ad_2]
