News Highlights: Top Company News of the Day
08 December 2022 - 9:15PM
Dow Jones News
Google Combines Maps and Waze Teams in Restructuring Move
Google plans to combine the team working on the mapping service
Waze with the group overseeing the company's Maps product, as the
search giant faces pressure to streamline operations and cut
costs.
New York Times Staffers to Stage First Strike in Over 40 Years Thursday
More than 1,000 New York Times staffers vowed not to work
Thursday, its newsroom union said, marking the first strike in over
40 years at the organization.
Apple Plans New Encryption System to Ward Off Hackers and Protect iCloud Data
The optional feature would keep most data secure that's stored
in iCloud, a service used to back up iPhones or save specific
device data such as Messages. The data would be protected in the
event Apple is hacked, and it also wouldn't be accessible to law
enforcement, even with a warrant.
Tensions Grew at Salesforce Before Leadership Change
Marc Benioff became frustrated about how his co-CEO Bret Taylor,
who is set to exit the role, was spending his time, people familiar
with the executives said.
FTX Hires Forensic Team to Probe Money Trail
FTX's new management has hired a team of forensic investigators
from advisory firm AlixPartners to help track the billions of
dollars that have gone missing from the failed cryptocurrency
exchange.
GameStop CEO Says Open to Pursue Acquisitions After Earnings Miss
For the October quarter, videogame retailer GameStop reported an
adjusted loss of 31 cents a share.
Thoma Bravo Bags $32.4 Billion Including Largest Technology Buyout Fund
The technology-focused firm's main buyout fund collected $24.3
billion, the most it has ever raised
TikTok Is Sued by Indiana, Alleging It Misleads Users
Indiana filed two lawsuits against TikTok, alleging it deceives
consumers about content and data security-the latest move by state
officials to push back against the platform and its China
connections.
Carvana Shares Tumble as Company Taps Adviser
Top creditors agreed to cooperate with each other in any debt
negotiations, a defensive move ahead of a possible capital
raise.
Link Ends Talks With Dye & Durham on Latest M&A Proposal
Link Administration Holdings Ltd. has ceased discussions with
Dye & Durham Ltd. on an offer worth $854 million for its
Corporate Markets business and entire Banking and Credit Management
unit.
(END) Dow Jones Newswires
December 08, 2022 05:00 ET (10:00 GMT)
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