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The Latest Breaking News from Wall Street Journal

Amazon Consummates MGM Deal Post Clean Chit From Regulators

Amazon.com Inc (NASDAQ:AMZN) closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after a clean chit from the U.S. FTC and EU. The EU contended that the deal would not hamper competition as the two companies did not significantly overlap in content production, the Wall Street Journal reports. The FTC also did not…

Benzinga

Wall Street Journal: Legacy Automakers Emulate Tesla's Retail Strategy

Tesla's online, direct car sales approach is inspiring others. Some auto execs see the pivot to EVs as an opportunity to modernize age-old processes.

InsideEVs

More than half of American voters don’t believe Biden will make a run for re-election

Fifty-two percent of respondents said they don’t think US President Joe Biden will make an attempt at running for re-election in 2024

The Independent UK

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Saudi Arabia invites China's Xi to visit - WSJ

Saudi Arabia has invited Chinese President Xi Jinping to visit the kingdom in a trip that could happen as soon as May, the Wall Street Journal reported on Monday.

Reuters

Why Nielsen Holdings Shares Are Surging

Nielsen Holdings PLC (NYSE: NLSN) shares are surging Monday following a Wall Street Journal report indicating a consortium of private-equity firm

Benzinga

After Alibaba, Tencent Could Attract Regulatory Penalty

The People’s Bank of China discovered Tencent Holdings Ltd (OTC:TCEHY) is guilty of violating some central bank regulations by its WeChat Pay mobile network, the Wall Street Journal reports. Regulators could subject Tencent to a penalty worth at least hundreds of millions of yuan. The central bank’s routine inspection of 2021 found WeChat…

Benzinga

Moscow Threatens Western Companies with Arrests, Seizures

Russian authorities, facing potential economic calamity as Western sanctions take hold, have threatened foreign companies hoping to withdraw from the country with arrests and asset seizures, the Wall Street Journal reported Sunday. Russian prosecutors have issued warnings to several foreign entities -- via calls, letters and in-person visits -- including…

Asharq Al-Awsat

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Moscow threatens Western companies with arrests, seizures - report

NEW YORK: Russian authorities, facing potential economic calamity as Western sanctions take hold, have threatened foreign companies hoping to withdraw from the country with arrests and asset seizures, the Wall Street Journal reported on Sunday.

Bangkok Post

Russian prosecutors reportedly threaten US firms with seizures

McDonald’s Corp., Yum! Brands Inc. and International Business Machines Corp. are among companies that received warnings from Russian prosecutors threatening to arrest corporate leaders or seize assets for criticizing the government or withdrawing from the country, The Wall Street Journal reported Sunday.

Tribune News Service

Budweiser Parent Mulls Brewing Pause In Russia

Anheuser-Busch InBev (NYSE:BUD) has asked its partner in Russia, Anadolu Efes, to suspend its license to brew Budweiser in Russia, the Wall Street Journal reported. The company also plans to forfeit its profits from the joint venture in the wake of Russia’s invasion of Ukraine. The report cited a spokeswoman for AB InBev…

Benzinga

Biden, Democrats Fall Short On Voters' Key Issues: WSJ

The Wall Street Journal poll concluded that President Biden failed to satisfy 57% of voters despite an appreciation for his response to the Russian - Ukraine crisis and a recent State of the Union speech. The poll results were consistent with WSJ's previous poll taken during mid-November. Biden's fellow Democrats also lost ground to Republicans…

Benzinga

Falling Chip Prices Are Making 5G Phones More Affordable: WSJ

The falling price of the 5G phone specialized semiconductors helped make faster mobile service affordable to more lower-income consumers globally, the Wall Street Journal repor

Benzinga

EU, UK Launches Antitrust Investigations On Google, Meta

EU and U.K. antitrust regulators launched parallel investigations into Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Facebook parent Meta Platforms Inc (NASDAQ:FB) over a 2018 ad deal, CNBC reports. The European Commission and the U.K.’s Competition and Markets Authority investigated whether the pact between the two tech giants dubbed “Jedi Blue” squeezed competitors out of…

Benzinga

Uber, Lyft Drivers Lock Horns With Riders Over Mask Mandate: WSJ

A new crisis challenges the ride-sharing companies like Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) as the states lift mask mandates, the Wall Street Journal reports. The companies require the riders to continue wearing masks. However, drivers find it challenging to remain masked as the local governments push for a widespread reopening. The U.S.…

Benzinga

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Benzinga

Meta Axes Google Veteran Heading Insta For Kids; Project Remains Halted

Meta Platforms Inc's (NASDAQ:FB) VP of youth Pavni Diwanji departed as part of a restructuring, the Wall Street Journal reports. Diwanji supervised Instagram's development of a controversial product for children. Diwanji previously served as a VP at Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, where she led YouTube kids and other family-oriented projects. Adam Mosseri, head…

Benzinga

US Lawmakers Urge DOJ To Probe Amazon: WSJ

A U.S. congressional committee urged the Justice Department to investigate Amazon.com Inc (NASDAQ:AMZN) for potential criminal obstruction of Congress, the Wall Street Journal reports. The committee alleged Amazon's refusal to disclose information as part of its investigation into Amazon's competitive practices. Amazon allegedly attempted to cover up a lie that Amazon told lawmakers…

Benzinga

TikTok Is Having A Hard Time Coping Up With Russia-Ukraine Crisis

ByteDance Ltd's TikTok grappled internally amid aggravating tensions between Russia and Ukraine, the Wall Street Journal reports.

Benzinga

Tesla Chief Wants To End 2018 Fraud Settlement With SEC: WSJ

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk requested a federal judge to discard a settlement he reached with SEC regulators in 2018, the Wall Street Journal reports. The settlement sought the preapproval of some of Musk's tweets. Musk's lawyers argued that Twitter Inc's (NYSE:TWTR) oversight policy became ineffective, while the SEC has abused the deal, which…

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Benzinga

Gannett Hoodwinked Advertisers For Nine Months: WSJ

Gannett Co Inc (NYSE:GCI), owner of USA Today, misguided advertisers with inaccurate information for nine months, the Wall Street Journal reported. Gannett owns news outlets in 46 U.S. states, from the Arizona Republic to the Detroit Free Press, to the Palm Beach Post, and sells ad space through digital auctions. Gannett misguided…

Benzinga

DOJ, SEC Investigate Possible Insider Trading Violation On Microsoft-Activision Deal: WSJ

Federal prosecutors and securities regulators are investigating three men with an unrealized profit of ~$60 million on the options trade, betting on Microsoft Corp's (NASDAQ:MSFT) acquisition of Activision Blizzard Inc (NASDAQ:ATVI), the Wall Street Journal reports. The Justice Department investigated for possible violation of insider-trading law by the options trades violated insider-trading laws. The SEC…

Benzinga

Unilever, Kraft Heinz Suspend Exports, Investments In Russia

Food and beverage company Kraft Heinz Co (NASDAQ:KHC) has suspended all new investments in Russia and also all imports and exports of products. Kraft Heinz said it continues to closely assess the humanitarian crisis in Ukraine. Consumer goods giant Unilever PLC (NYSE:UL) has halted all imports and exports of its products in Russia in addition to…

Benzinga

Uber Stock Rallies, But Barely Clings To Support: What's Next?

Uber Technologies Inc. (NYSE: UBER) shares were trading higher Tuesday following a Wall Street Journal report indicating the company is launching a campaign to head off Democratic efforts to classify its workers as employees, which would allow them to form unions.

Benzinga

This Carbon Solutions Firm Looks To Go Public Via $2.2B SPAC Merger With AMCI

LanzaTech NZ Inc looks to go public via a special purpose acquisition company (SPAC) AMCI Acquisition Corp II (NASDAQ:AMCIW), the Wall Street Journal reports. The SPAC deal values the carbon-capture and transformation company at ~$2.2 billion. LanzaTech traps carbon emitted during industrial processes and uses bacteria to convert the waste gas into sustainable…

Benzinga

Uber Et al Campaign Against Democrat's Efforts To Classify Gig Workers As Employees

A string of companies using independent contractors as drivers launched a campaign to head off Democratic efforts to classify their workers as employees, allowing them to form unions, the Wall Street Journal reports. The companies include Uber Technologies Inc (NYSE:UBER), Lyft Inc (NASDAQ:LYFT), DoorDash Inc (NYSE:DASH), GrubHub Inc (NASDAQ:GRUB), and others. The companies aim to spend over $1 million…

Benzinga

Estee Lauder To Close All Stores In Russia - Report

Estee Lauder Companies Inc (NYSE:EL) is suspending all its commercial activities in Russia following the Ukraine crisis, the Wall Street Journal reported. The company will close all stores it owns in Russia and stop shipping products to retailers in the country. Estee Lauder gets roughly 2.7% of its revenue from Russia, and…

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