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The Latest Breaking News from Wall Street Journal

US, UK Announce Trade Accord To Remove Tariffs On British Steel, American Whiskey: WSJ

The U.S. and U.K. have announced a trade deal to remove tariffs on British steel & aluminum and American whiskey, motorcycles, and tobacco, the Wall Street Journal reported. Biden administration officials said the agreement would allow the U.K to ship “historically-based sustainable volumes” of steel and aluminum products to the U.S. without…

Benzinga

US DOJ Accuses Google Of Misusing Legal Privilege To Hide Sensitive Emails: WSJ

The U.S. Justice Department alleged Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google improperly invoked the legal privilege to shield sensitive internal communications for years, the Wall Street Journal reports from U.S. district court filing. The DOJ wanted Google to turn over internal emails that it had withheld or censored in the antitrust case filed against it by state…

Benzinga

Russia-Ukraine war shows cracks in US ties to Middle East allies

UAE and Saudi Arabia are pursuing their own interests, analysts say, as US urges united front against Russia’s Putin.

Al Jazeera

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US to bolster Ukrainian air defences with Soviet-made equipment it acquired secretly, report says

The delivery of the air defence systems is part of a push by the White House to help Ukraine

The Independent UK

Restaurant Brands Plans Disposing Stake In Russian Burger King: WSJ

Restaurant Brands International Inc (NYSE:QSR) has started the process of disposing of its ownership stake in a Burger King joint venture in Russia, the Wall Street Journal reported. Restaurant Brands operates in Russia through joint-venture partners, none of whom own a majority stake. It holds a 15% stake in the joint-venture partnership, which…

Benzinga

Regulator Defers MGM Stakeholder's Nevada Gaming License By 1 Month

Nevada Gaming Commission shelved MGM Resorts International (NYSE:MGM) stakeholder Barry Diller’s licensing by a month until an April commission meeting, the Wall Street Journal reports. The move coincided with insider-trading investigations by federal authorities into his share purchases of Activision Blizzard Inc (NASDAQ:ATVI). In 2020, Diller and his internet holding company, IAC/InterActiveCorp (NASDAQ:IAC), admitted spending over $1 billion for…

Benzinga

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

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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

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

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

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AFP

Moscow threatens Western companies with arrests, seizures: report

New York (AFP) - 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.

Tribune News Service

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.

Benzinga

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…

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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

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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