Press Digest: Wall Street Journal - July 11

Scworx

11/07/2024 05:48

July 11 (Reuters) - The following are the top stories in
the Wall Street Journal. Reuters has not verified these stories
and does not vouch for their accuracy.
    
    - Cryptocurrency exchange BitMEX has pleaded guilty to a
U.S. criminal charge over its failure to maintain an adequate
anti-money-laundering program, federal prosecutors said on
Wednesday.
    
    - Retailer Costco Wholesale  COST.O  said on Wednesday it
will raise its membership fees for the first time since 2017,
less than four months after Gary Millerchip took over as its
finance chief.
    
    - A federal jury on Wednesday found SCWorx's  WORX.O  former
Chief Executive Marc Schessel guilty for his participation in a
scheme to mislead investors about the healthcare company's
procurement of Covid-19 rapid test kits.
    
    - Archegos Capital Management founder Bill Hwang was
convicted Wednesday of manipulating stock prices and defrauding
banks in a scheme that minted him a multibillion-dollar fortune
before his firm collapsed in March 2021. 
        
  
        - The  Biden administration will levy a 25% tariff on
Mexican imports containing steel from China and a 10% duty on
products made with aluminum from the country, the White House
said on Wednesday.
        
  
        - A U.S. Bankruptcy judge on Wednesday ordered airplane
parts supplier Incora to unwind a 2022 financing deal, a defeat
for Pimco, Silver Point and other investment firms that used it
to leapfrog other creditors.
        
  
        
  

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))