Happy Hours, Corporate Swag and Haircuts: Meta Morale Gets a Boost After Layoffs
The social media giant’s employees say perks are back after all the job cuts
Bloomberg Business
Truss Says Sunak Has Room to Cut Taxes Ahead of UK Election
Former UK leader Liz Truss urged her successor Rishi Sunak to cut taxes ahead of the next election, demonstrating how the Prime Minister is facing calls for policy changes from some in his own party to win over voters.
SocGen Sees Bigger Capital Hit as ECB Probes Structured Products
Societe Generale SA’s capital will be hit more than previously estimated after a regulatory probe of its structured products business, even as the lender seeks to boost its financial strength.
Debt Swaps Arranged by Credit Suisse, BofA Face Scrutiny
Bond deals arranged by Credit Suisse and Bank of America Corp. in connection with debt swaps for emerging-market issuers are facing renewed scrutiny, after the International Capital Market Association issued new labeling guidelines.
Oman’s OQ to Raise Up to $771 Million in Gas Pipeline IPO
Omani energy firm OQ SAOC is seeking to raise as much as 297 million rials ($771 million) from the initial public offering of its gas pipelines unit, in what’s set to be the country’s biggest listing on record.
SocGen’s Krupa Fails to Win Investors With Sobering New Strategy
Societe Generale SA investors waited four months for Slawomir Krupa to outline how he wants to revive the shares of the French laggard. His answer, in a nutshell: Lower your expectations.
Vegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the Making
Florida mogul Jeffrey Soffer brings his Fontainebleau brand to Sin City
Fidelity’s Billionaire Johnson Family Backs Consumer Venture Capital Fund
FMR LLC, the parent company of Fidelity Investments, is backing a new venture-capital fund whose initial investments span spices, vegan vitamins and skincare.
Crypto Startup Led by Former Andreessen Executives Raises Cash
An Andreessen Horowitz-backed startup bent on bringing blockchain technology to the corporate world has managed to raise new funds, despite the bear market in digital assets.
Netanyahu, Musk to Stream Talk on Antisemitism, Judicial Reform
Israeli Prime Minister Benjamin Netanyahu and Elon Musk are scheduled to spend an hour-long live broadcast discussing antisemitism and judicial reform when they meet in Silicon Valley later today.
