The Latest Breaking News from Wikimedia Commons

Western Digital Corp (NASDAQ:WDC) had weighed strategic alternatives, including splitting its businesses focused on traditional hard drives for computers and flash memory. Western Digital settled with activist investor Elliott Management Corp calling for the $19 billion company to consider splitting into two, the Wall Street Journal reports. Previously Elliott disclosed a 6% stake in Western…

I still remember the shock when I first saw John Berger’s television series, Ways of Seeing, in 1972. In the years before Australia had colour television BBC art programs were often screened at the Art Gallery of NSW. (Previously the same venue had shown Kenneth Clark’s Civilisation).

Walmart Inc (NYSE:WMT) plans to build four new e-commerce fulfillment centers using an automated system to speed deliveries firing up rivalry with Amazon.com Inc (NASDAQ:AMZN). Walmart will open its first warehouse in Joliet, Illinois, this summer.  Walmart will build additional centers in Indiana, Pennsylvania, and Texas over the next three years, Bloomberg reports. E-commerce giants like Alibaba Group Holding Limited (NYSE: BABA) and…

Restaurant Brands International Inc (NYSE:QSR) owned Burger King is finding it difficult to close its joint venture in Russia, Reuters reported. The fast-food chain has been having a hard time exiting its partnership and about 800 franchised locations after Russia's invasion of Ukraine. Restaurant Brands intended to dispose of its Burger King joint venture ownership…

McDonald's Corp (NYSE:MCD) is planning to deploy a third party to evaluate its effort on diversity, equity, and inclusion, the Wall Street Journal reported. In a Securities and Exchange Commission (SEC) filing, the company said about 274 million shares of the company's common stock were voted in favor of the third-party civil…

Daimler Truck Holding AG (OTC:DTRUY) head Karin Radstrom, in an interview with Bloomberg, acknowledged seeing chip crisis recovery signs. Her comments mirrored with Mercedes Benz Group AG (OTC:DMLRY) production chief Joerg Burzer's recent similar assessment.  Radstrom added that the factories are busy with backlog orders after months of outages due to chip component shortfalls.…

Consumer advocates demanded U.S. regulators probe videogame maker Electronic Arts Inc (NASDAQ:EA) for the misleading use of a digital "loot box" that "aggressively" provoked players to splurge while playing a popular soccer game, Reuters reports. Fairplay, Center for Digital Democracy, and 13 other organizations urged the Federal Trade Commission to probe the EA…

Amazon.com, Inc (NASDAQ:AMZN) looks to cease operating its Kindle e-book store in China from the end of June 2023, Reuters reports based on the e-commerce giant's official WeChat account. China's customers will no longer be able to purchase new e-books from June 2023 for reasons undisclosed. Also Read: Microsoft Brings Down Curtains On LinkedIn…

Japanese multinational Toshiba Corp (OTC:TOSYY) has received eight proposals for privatization and two to form capital alliances that would make it remain listed. The company’s board of directors and a special committee have previously sought proposals for strategic alternatives after the shareholders voted against a proposed restructuring plan. The proposals received are not legally…