China Says It Opposes a Forced Sale of TikTok
Beijing responded for the first time to a Biden administration demand that the short-video app divest itself from its Chinese...
Corporate Actions
Trucking Giant Knight-Swift Transportation to Buy U.S. Xpress
Logistics ReportThe acquisition at four times Monday’s closing stock price for the rival carrier will boost Knight-Swift’s fleet to about...
Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis
The bank’s agreement to be bought by rival UBS marks the end of 167 years as an independent institutionUBS agreed...
UBS Close to Deal to Buy Credit Suisse for Over $2 Billion
MarketsFinanceDeal is part of effort to prevent further erosion of confidence in banking system Source link
How Goldman’s Plan to Shore Up Silicon Valley Bank Crumbled
Silicon Valley Bank executives went to Goldman Sachs Group Inc. in late February looking for advice: They needed to raise...
Canadian Pacific’s Merger With Kansas City Southern Is Approved
BusinessSurface Transportation Board paves way for $28 billion deal, the biggest rail merger in two decades Source link
WSJ News Exclusive | Amazon, Rivian in Talks to End Exclusivity Part of Delivery-Van Pact
The online retailer has notified the EV maker that it wants to buy about 10,000 vans this year, which is...
A Supermarket Megamerger Will Redefine What You Buy at the Grocery Store
Kroger and Albertsons want to merge in a $20 billion deal. If antitrust regulators approve, the definition of a grocery...
Adidas Slashes Dividend as Problems Mount
A slump in China and a mountain of unsold products are among the challenges facing Adidas after a bruising 2022...
Justice Department Sues to Block JetBlue From Buying Spirit Airlines
BusinessComplaint alleges the deal would eliminate Spirit as a low-cost competitor to major carriers Source link
Tyler Perry Expressed Interest in Buying Majority Stake of BET Media Group From Paramount Global
BusinessMedia & MarketingPotential sale of part of parent of BET and VH1 would help Paramount shore up resources for streaming...
JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines’ Merger
The airlines’ CEOs say combining their operations will ultimately benefit consumers. Source link
This Department-Store Stock Has Trounced Apple, Amazon and Tesla
Family-controlled Dillard’s has combined share buybacks with keeping costs down, inventory tight and staff engaged with “nearly fanatical” customers. Source...
Volkswagen’s Xinjiang Plant Is No Longer Making Cars Amid Human-Rights Concerns
A visit to the factory by the German car maker’s China head reignites criticism over its presence in a region...
WSJ News Exclusive | Altria in Talks to Buy Vaping Startup NJOY for at Least $2.75 Billion, Divest Its Stake in Juul
WSJ News ExclusiveBusinessMarlboro maker looks to buy rival e-cigarette company after struggles with Juul Source link
‘South Park’ on Paramount+ Prompts Warner Bros. Discovery Lawsuit
BusinessMedia & MarketingWarner Bros. Discovery says it paid over $500 million in 2019 to exclusively stream episodes Source link
Jeep Maker Stellantis to Hand $4.5 Billion to Shareholders
Stellantis is planning to distribute $4.47 billion in dividends to shareholders and buy back up to $1.60 billion worth of...
Microsoft Signs ‘Call of Duty’ Pacts With Nintendo and Nvidia as Activision Deal Faces Scrutiny
The agreements come as regulators in the U.S. and abroad have said they are concerned the proposed $75 billion acquisition...
Blackstone’s Big New Idea Leaves It Bruised
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WSJ News Exclusive | CVS Nearing $10.5 Billion Deal for Primary-Care Provider Oak Street Health
WSJ News ExclusiveHealthThe deal would expand the health insurer and pharmacy chain’s role in medical care Source link
