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Clorox Warns of Accruing Costs From Cyberattack
Business

Clorox Warns of Accruing Costs From Cyberattack

The attack came amid a $500 million digital overhaul at the consumer products maker. Source link

iPhone 15 Pro Owners Complain About Overheating Problems
Business

iPhone 15 Pro Owners Complain About Overheating Problems

The issue threatens Apple’s premium phones, a cash cow essential to its growth and profits. Source link

iPhone 15 and 15 Pro First Look: Why a Tiny USB-C Port Is a Huge Deal
Business

iPhone 15 and 15 Pro First Look: Why a Tiny USB-C Port Is a Huge Deal

Apple’s latest may have new cameras, action buttons and designs, but that new port will have a bigger impact on buyers—and their cord collections. Source

China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring
Business

China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring

China Evergrande Group is seeking a U.S. court’s approval to restructure more than $19 billion in the company’s offshore debts, as the embattled property developer

Hawaiian Electric Is in Talks With Restructuring Firms
Business

Hawaiian Electric Is in Talks With Restructuring Firms

The utility is facing mounting litigation alleging it was negligent before and during the Maui wildfires. Source link

AMC Can Sell Nearly 400 Million New Shares Following Court Approval
Business

AMC Can Sell Nearly 400 Million New Shares Following Court Approval

Distressed movie-theater chain overcame opposition from meme investors concerned about dilution, winning court approval for transactions to sell more shares. Source link

WeWork Taps Directors With Bankruptcy Chops After Board Resignations
Business

WeWork Taps Directors With Bankruptcy Chops After Board Resignations

WeWork has brought in a slate of new board members experienced in restructuring troubled companies through bankruptcy to succeed three directors who resigned because of

WeWork Raises Doubt About Its Survival
Business

WeWork Raises Doubt About Its Survival

WeWork on Tuesday raised doubt about its ability to stay in business as the co-working space provider faces losses and a dwindling cash pile amid

Efforts to Spotlight Private Equity's Healthcare Stakes Struggle for Traction
Business

Efforts to Spotlight Private Equity's Healthcare Stakes Struggle for Traction

Congress and regulatory agencies have made scant headway in requiring medical companies to reveal owners. Source link

Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease
Business

Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease

Venture capitalist Luke Evnin has financed several successful biotechnology startups that develop treatments for cancer. Now he is encouraging drugmakers to tackle another disease: a rare autoimmune condition that