Salesforce Shakes Off Proxy Fight From Elliott
The activist investor says it was swayed by the business-software provider’s latest financial results and cost-cutting. Source link
Corporate/Industrial News
Publishers Win Ruling Against Online Library’s Lending of Digital Books
BusinessLawCourt rules Internet Archive violated copyright law by loaning scanned copies of printed books Source link
Telehealth Apps Sharing Consumer Data Draw FTC Crackdown
TechBetterHelp barred under proposed settlement from supplying health data for ads Source link
Elon Musk Offers Employees Stock Grants Valuing Twitter at About $20 Billion
TechNew stock will start to vest after six months, according to an email Source link
UAW Members Elect Reform Candidate as President
Shawn Fain will take charge of the union ahead of contract talks with Detroit auto makers set to begin this...
Dish Network—and Its Customers—Are Still Reeling From Cyberattack
Customers say they can’t access HBO Max and other services, while the pay-TV provider says it has resolved many issues....
Vince McMahon Reimburses WWE for Costs Tied to Sexual-Misconduct Probe
BusinessExecutive chair paid $17.4 million, and will incur any additional costs, tied to investigation Source link
EY’s U.S. Auditors Are Demanding Concessions in Split
Ernst & Young’s renegade U.S. auditors want the new audit-focused firm to have more of EY’s lucrative tax practice, threatening...
Ford Says It Will Lose $3 Billion on EVs This Year as It Touts Startup Mentality
The auto maker says it wants to give investors more visibility into the performance of its three business units. Source...
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...
‘Greenwashing’ Targeted in Latest European Regulatory Push
European officials rolled out proposals aimed at forcing companies to back up environmental and sustainability claims they make over consumer...
U.K. Inflation Resumes Its Rise, Defying Expectations
Price increases in February picked up to 10.4% from 10.1% in January as the cost of food rose at the...
TikTok CEO Shou Zi Chew Promises Firewall to Shield User Data
PoliticsIn prepared remarks to Congress, CEO will say that TikTok ‘will not be manipulated by any government’ Source link
Nike Sales Jump as It Works Through Inventory Glut
Profit at the sneaker maker fell 11% as it relied on higher markdowns. Source link
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...
SVB-Fueled Turmoil Junks Lessons of the Global Financial Crisis
The Fed and Congress thought smaller banks, deposits and bonds were boring and safe; instead, they are the source of...
Amazon to Cut 9,000 More Jobs After Earlier Layoffs
CEO Andy Jassy cited an ‘uncertain economy’ and more uncertainty in the near future. Source link
Stanley Black & Decker to Close Texas, South Carolina Plants
BusinessTool maker says moves will affect 357 employees; 80 jobs will be added at Tennessee facility Source link
Fed Raised Concerns About SVB’s Risk Management in 2019
The central bank issued numerous warnings to SVB, suggesting the bank’s problems were on the radar of its primary federal...
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...
