Crypto Lender Celsius Hires Restructuring Lawyers After Account Freeze
Celsius Network has hired lawyers to advise on possible solutions for its mounting financial problems, according to people familiar with the matter.
BP Bets Big on Giant 'Green Hydrogen' Project in Australia
The oil major is taking the lead on one of the world's biggest projects to produce the alternative fuel, which is in growing demand due to climate change but remains uneconomical.
Real-Estate Firms Redfin and Compass Shed Jobs as Housing Market Slows
Companies say demand is slowing as mortgage rates rise.
Mental-Health Startup Cerebral Investigated by FTC
The FTC said it was investigating whether Cerebral engaged in deceptive or unfair practices related to advertising or marketing of mental-health services.
Zendesk Is in Settlement Talks With Activist Investor Jana
The software company is in talks to settle with activist investor Jana Partners, days after Zendesk ended an unsuccessful bid to sell itself.
Ford Recalls Nearly 49,000 Mustang Mach-E Cars, Stops Deliveries
The auto maker said it is possible that the car batteries' main contactors, or the devices for electrical circuits, could overheat and potentially lead to the car losing power or being unable to start.
Crypto Exchange Coinbase to Lay Off 18% of Staff
The company says it will reduce its workforce by 1,100 employees as part of its efforts to manage operating expenses during a slump in bitcoin and other cryptocurrencies.
Germany Launches EUR10 Billion Bailout for Gazprom's Local Unit
The move came as the Russian gas giant said it would nearly halve flows of gas to Germany because of pipeline maintenance issues.
Disney Wins TV Rights, Loses Streaming Rights for Indian Premier League Cricket
Walt Disney will pay $3 billion to retain the right to broadcast cricket's popular Indian Premier League on its Star India television network, although it lost streaming rights to rival Viacom18.
Apple, Major League Soccer Strike 10-Year Streaming Deal
The agreement to make the Apple TV app the home of all MLS matches underscores the iPhone maker's streaming ambitions and the scramble for sports programming.
(END) Dow Jones Newswires
06-14-22 2115ET
