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The Latest Breaking News from Wall Street Journal

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…

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Moscow threatens Western companies with arrests, seizures - report

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.

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.

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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…

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…

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

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…

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

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.…

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

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…

US Lawmakers Urge DOJ To Probe Amazon: WSJ

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…

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

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.

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

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…

Gannett Hoodwinked Advertisers For Nine Months: WSJ

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…

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

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…

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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…

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.

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…

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…

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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…

Boeing And Airbus's Paths Diverge On Buying Titanium From Russia — Will The Supply Woes Worsen?

Boeing Co (NYSE: BA) has suspended buying titanium from Russia since the country invaded Ukraine, The Wall Street Journal reported on Monday, citing a spoke

Asharq Al-Awsat

US Officials Say Russia Recruiting Syrians to Fight in Ukraine

Russia is recruiting Syrian fighters experienced in urban combat as it ramps up its assault on Ukraine, according to US officials quoted by the Wall Street Journal on Sunday. Moscow, which launched an invasion into its Eastern European neighbor on February 24, has in recent days recruited fighters from Syria…

US DOJ Probes Poultry Companies Over Employment Practices: Report

The Justice Department in the U.S. has launched an investigation into whether poultry companies have engaged in anticompetitive sharing about employment practices, the Wall Street Journal reported. The move adds to the scrutiny that U.S. meat processors face from the government and their workers for holding down wages. The report noted…

Here's Why Splunk Shares Are Soaring Today

Private-equity firm Hellman & Friedman LLC acquired a 7.5% stake in Splunk Inc (NASDAQ:SPLK) worth about $1.4 billion. The Wall Street Journal reports that Hellman & Friedman started buying the stake in mid-late December after Splunk shares plunged when the company's former CEO resigned following several quarters of disappointing results. The stake would make Hellman & Friedman…

Here's Why Online Publishers Are Ditching Google

Multiple leading online publishers look to ditch Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Accelerated Mobile Pages program to optimize readers' mobile-browsing experience, the Wall Street Journal reports. Media executives admitted that dropping AMP would give them more control over their page designs and ad formats, and make it easier to sell ad space in…

Microsoft Security Chief Stresses On Importance Of Combating Cyberattacks Through Cloud Adoption

Microsoft Corp's (NASDAQ:MSFT) new security chief, Charlie Bell, emphasized the importance of solving cyberattacks by embracing cloud, the Wall Street Journal reports. Microsoft has built a $15 billion business and one of the world's most enormous private cyber armies to counter cyberattacks. WSJ notes that U.S. banks flagged nearly $600 million in…

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