BP Takes $25.5 Billion Hit From Russia Exit
BP BP 0.49% PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings,...
Ownership Changes
WSJ News Exclusive | Activist Investor Ancora Has 1% Hasbro Stake
An activist investor has a stake in Hasbro Inc. HAS 1.83% and is supporting another activist already waging a proxy...
Grubhub Owner Jet Could See Broader Engine Failure
Grubhub owner Just Eat Takeaway.com’s TKWY -0.53% share price fell nearly 70% over the past year. Trimming the fat might...
Activision Blizzard CEO Bobby Kotick Could Walk Away With More Than $500 Million After Microsoft Deal
In a securities filing Friday, Activision said Mr. Kotick would receive $14.4 million in severance if he is terminated or...
Exxon and Chevron, Buoyed by High Oil Prices, Shower Investors With Cash
Big oil companies are continuing to reap the benefits of high commodity prices but aren’t backing off plans to reward...
Elon Musk Sells About $4 Billion in Tesla Stock After Agreeing to Buy Twitter
Elon Musk sold roughly $4 billion worth of Tesla Inc. stock in the two days after agreeing to buy Twitter...
Elon Musk Criticizes Twitter Executive, Drawing Employee Backlash
Elon Musk, whose takeover bid for Twitter Inc. was accepted two days ago, continued to use the site to criticize...
Twitter Accepts Elon Musk’s Offer to Buy Company in $44 Billion Deal
Twitter Inc. TWTR 5.66% on Monday accepted Elon Musk’s bid to take over the company, which would give the world’s...
WSJ News Exclusive | Bed Bath & Beyond’s Buybuy Baby Draws Buyer Interest
Bed Bath & Beyond has been exploring alternatives for Buybuy Baby. Photo: Michael M. Santiago/Getty Images Updated April 22, 2022...
CNN+ Streaming Service Is Shutting Down a Month After Launching
CNN is shutting down its streaming service CNN+ about a month after it launched, a sign of its new owners’...
WSJ News Exclusive | Blackstone Bets on Campus Housing With $13 Billion Acquisition
Blackstone Inc. agreed to buy student-housing owner American Campus Communities Inc. in a deal valuing the company at about $12.8...
Twitter Adopts Poison Pill Plan to Block Elon Musk From Increasing Stake
Twitter adopted a poison-pill takeover defense to make it difficult for Elon Musk to increase ownership beyond 15%. The move...
David Zaslav Wants to Distinguish CNN From ‘Advocacy Networks’
Warner Bros. Discovery Inc. Chief Executive David Zaslav told employees that he wants CNN to focus on maximizing its impact,...
Elon Musk Makes $43 Billion Bid for Twitter, Says ‘Civilization’ At Stake
Elon Musk went full-on corporate raider a week into his rolling clash with Twitter Inc., offering a $43 billion bid...
Spirit to Start Talks With JetBlue Over $3.6 Billion Deal
Spirit Airlines Inc. said it would entertain JetBlue Airways Corp.’s unsolicited $3.6 billion bid to buy the airline and start...
Frontline and Euronav Merge to Create Tanker Giant in $4.2 Billion Stock Deal
Two of shipping’s biggest names, Norway-based Frontline Ltd. and Belgium’s Euronav NV, have agreed to merge in a move that...
Fed’s Brainard Says Reducing Elevated Inflation ‘Is of Paramount Importance’
A top Federal Reserve official said the central bank is strongly committed to taking steps that will reduce inflation this...
Starbucks Suspends Buybacks to Invest in Operations as Schultz Returns
Starbucks Corp. said it is suspending billions of dollars in share repurchases, a move that interim Chief Executive Officer Howard...
HP Makes Bet on Hybrid Work With $1.7 Billion Deal
HP said the deal, expected to close by year-end, would help grow its hybrid-office offerings. Photo: Richard B. Levine/Zuma Press...
Bed Bath & Beyond Adds New Directors in Deal With Activist Ryan Cohen
Bed Bath & Beyond Inc. said it would add three new directors and explore options for its buybuy Baby business...
