OpenAI Employees Threaten to Quit Unless Board Resigns 

More than 500 employees have threatened to resign from the company if the current board doesn't resign and reinstate former CEO Sam Altman.

EV Startup Fisker Has Lost Another Chief Accounting Officer 

The resignation marks the latest setback for a company that only recently started selling its first model.

CFPB Orders Toyota to Pay $60 Million Over Lending Practices 

Federal regulators have ordered Toyota Motor's auto-lending arm to pay $60 million in fines and consumer redress for allegedly preventing borrowers from canceling product bundles that raised their monthly loan payments.

Citigroup Moving On to Next Phase of Reorganization 

Citigroup began making an extensive round of layoffs and organizational changes, part of Chief Executive Jane Fraser's efforts to streamline the bank.

Bristol Myers Squibb Falls After Drug Approval Delayed 

Abecma, developed with 2seventy Bio, won't be approved for earlier treatments of a certain kind of blood cancer by a Dec. 16 deadline.

McDonald's Buys Back Minority Stake in China Business 

The deal will boost the company's stake in its operation in the world's second-largest economy to 48%.

Unions Are So Hot Even Megabank Employees Are Trying to Join 

Workers at two Wells Fargo branches are expected to hold elections to decide whether to unionize.

NRG Energy CEO Exits Amid Board Shakeup 

NRG Energy replaced its chief executive and adding new members to the board after a push for new leadership by activist investor Elliott Investment Management.

Company Led by Former NYSE President Buys Crypto News Site CoinDesk 

CoinDesk says former Wall Street Journal Editor in Chief Matt Murray will chair an independent editorial committee.

Apple Had Better Watch Its Back in China 

Signals are finally getting stronger for the global smartphone market. Chinese handset makers like Huawei, which had been locked out of the race by U.S. sanctions, are dialing back in.


(END) Dow Jones Newswires

November 20, 2023 15:15 ET (20:15 GMT)

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