The Latest Breaking News from Wall Street Journal

Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

Benzinga · Jun 30, 2022

American Airlines passenger drives 45 minutes to airport for ticket help after waiting on hold for four hours

‘By far the worst airline call center experience I’ve ever had,’ passenger says

The Independent UK · Jun 30, 2022

Nexstar Nears Deal To Snap Majority Control In CW Network: WSJ

Nexstar Media Group, Inc (NASDAQ:NXST) is on the verge of acquiring majority control of the CW Network from Warner Bros. Discovery, Inc (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA), the Wall Street Journal reports. The leading owner of local television stations would acquire 75% of the CW, a broadcast network aimed primarily at teens and young adults, with…

Benzinga · Jun 30, 2022

CVS and Walmart are rationing Plan B in response to Roe decision

A spokesperson for CVS told The Wall Street Journal that customers, temporarily, could only purchase a restricted number of pills

The Independent UK · Jun 28, 2022

Western Nations Force Russia To Default On Foreign Debt; Ruble Maintains 7-Year High

As of late Sunday, Russia has defaulted on foreign debt, which has not occurred since 1918 during the Bolshevik Revolution.

Benzinga · Jun 27, 2022

Merger Arbitrage Mondays - Zendesk To Be Acquired By Permira and Hellman & Friedman

Editor's Note: Starting next month, we will be rolling the Merger Arbitrage Mondays series into our paid subscription services, Inside Arbitrage Plus and Inside Arbitrage Premium. The more affordable Plus service focuses on content including a monthly special situations newsletter, a model portfolio and mid-month updates. The Premium service includes both…

Benzinga · Jun 27, 2022

Get Ready for the Post-Roe Sex Police!

If life begins at conception, there are virtually no limits on government surveillance of women in a post-Roe world.

Reason · Jun 24, 2022

Cadillac Celestiq Could Cost $300,000: Report

Production reportedly starts in late 2023.

Motor1 · Jun 24, 2022

Zendesk Confirms Takeover Deal At 34% Premium; Share Prices Soar Premarket

Global investment firms Permira and Hellman & Friedman LLC agreed to takeover Zendesk, Inc (NYSE:ZEN) in an all-cash transaction that values Zendesk at $10.2 billion. The purchase price of $77.50 per share implies a premium of 34% over Zendesk's closing stock price of $57.95 on June 23. The investor group includes a subsidiary…

Benzinga · Jun 24, 2022

Benzinga Before The Bell: Gun Safety Bill. Bill Gates North Dakota Outrage, Sanofi-GSK's Covid-19 Vaccine's Omicron Efficacy And Other Top Financial Stories Friday, June 24

Reuters

Benzinga · Jun 24, 2022