China Evergrande Drops Debt Restructuring Applications in U.S.

The developer had sought a New York court's approval last August to restructure more than $19 billion in offshore debt via Chapter 15 bankruptcy filings. 


 
Baidu Shares Rise After Reports of Apple Collaboration

Shares of Baidu rose sharply in Hong Kong after reports of possible collaboration involving artificial intelligence between the Chinese tech giant and smartphone giant Apple. 


 
Nissan Motor Plans to Sell More Than a Dozen New EV Models by 2026

The Japanese carmaker plans to start selling more than a dozen new electric-vehicle models, aiming to boost total car sales by one million units within three years. 


 
Activist Politan Plans Second Proxy Battle at Masimo

Politan Capital Management, founded by veteran activist Quentin Koffey, plans to nominate two director candidates to the company's six-person board. 


 
Big Tech's Latest Obsession Is Finding Enough Energy

The AI boom is fueling an insatiable appetite for electricity, which is creating risks to the grid and the transition to cleaner energy sources. 


 
Elon Musk's X Needs Creators, but They Don't Need X

Despite the platform's push, many creators say X is still a long way from becoming a major source of revenue for them. 


 
NYCB and Meridian Rode the Property Boom Together. Now They're Struggling.

The bank got many of its loans from a broker now blacklisted by Fannie Mae and Freddie Mac. 


 
Netflix's Co-CEOs Are Nothing Alike. That's a Good Thing.

Data-obsessed techie Greg Peters and Hollywood czar Ted Sarandos have gotten the streamer back on track. 


 
FAA Ramps Up Oversight of United Airlines After Recent Safety Problems

The airline has dealt with several incidents on recent flights and its CEO earlier this week reassured customers on safety. 


 
NBC's Chuck Todd Blasts Network as Backlash to Hiring Ex-RNC Chief Grows

Todd's on-air criticism comes as MSNBC's president seeks to assuage internal concerns about the hiring of Ronna McDaniel.


(END) Dow Jones Newswires

03-25-24 0515ET