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The Latest Breaking News from Wall Street Journal

Starbucks Closes Russia Business Permanently: WSJ

Starbucks Corp (NASDAQ:SBUX) is shutting down its business in Russia, the Wall Street Journal reported. The coffee giant has decided to permanently close operations in its 130 stores and would no longer have an operation in Russia. The company had suspended its licensee's Russian business on March 8. The report noted the company…

Benzinga

Report: Apple Looks to Boost Production Outside China

Apple Inc has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter. India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, the report…

Asharq Al-Awsat

Cybersecurity Report Finds Microsoft Censoring Politically Sensitive Chinese Names In US Searches

A Microsoft Corp (NASDAQ:MSFT) search engine has made it more challenging in North America to look up politically sensitive people for China, the Wall Street Journal reports. Citizen Lab consistently found that Bing censored politically sensitive Chinese names. Bing’s autofill system, which guesses based on searching after a few keystrokes, often fell silent…

Benzinga

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This US Ruling Could Force Google To Break Up Its Ad Business

A bipartisan group of senators led by Utah Republican Mike Lee introduced legislation targeting conflicts of interest in the advertising technology industry, the Wall Street Journal reports. The legislation could force Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google to break up its dominant online-ad business. The Competition and Transparency in Digital Advertising Act would prohibit…

Benzinga

TSMC Weighs Multi-Billion Dollar Chip Plant Investment In Singapore

Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) explored building a semiconductor factory in Singapore to help address a global supply shortage, the Wall Street Journal reports. TSMC studied the feasibility of production lines that would make 7- to 28-nanometer chips widely used in cars, smartphones, and other devices. The cost would run into…

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 19

CNBC CDC Looking Into 180 Cases Of Unexplained Pediatric Acute Hepatitis

Benzinga

What Is Happening With Endo Shares Today

Endo International Plc (NASDAQ:ENDP) initiated negotiations with its lenders and senior bondholders regarding a possible reorganization of more than $8 billion of its debt, the Wall Street Journal reported, citing people familiar with the matter. Lenders began talks after the company reported disappointing earnings early this month for 1Q 2022, driven by the loss…

Benzinga

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Google's Russia Subsidiary To File For Bankruptcy

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Russian subsidiary looks to file for bankruptcy, unable to pay employees and suppliers, the Wall Street Journal reports. An earlier move by authorities to seize its bank account made it difficult to continue operations in the country. Google had already paused most of its commercial operations in Russia, including…

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 18

CNBC Toyota Looks To Develop Hydrogen Mobility In Europe

Benzinga

China Eastern Crash Probe Looks into Crew Actions

Investigators looking into the crash of a China Eastern Airlines jet are examining the actions of the crew on the flight deck, with no evidence found of a technical malfunction, two people briefed on the matter said. In mainland China's deadliest aviation disaster for 28 years, the Boeing 737-800 crashed…

Asharq Al-Awsat

China: No information provided about March plane crash

China says that U.S. investigators haven’t released any information about the cause of a China Eastern Airlines jetliner crash in March after The Wall Street Journal reported data from its flight recorder indicated someone pushed the Boeing 737-800 into a steep dive

The Independent UK

China Eastern black box data ‘suggests MU5735 crash likely intentional’

All 123 passengers and nine crew members were killed in the March 21 crash

Evening Standard

China Eastern plane crash may have been deliberate: Report

Boeing 737-800 plunged inexplicably from cruising altitude into the ground in March, killing all 132 people on board.

Al Jazeera

China Eastern crash probe looks into crew actions -sources

Reuters

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Benzinga

FDA Gives Nod To First Nonprescription COVID-19 Test That Also Detects Flu, RSV

The FDA has authorized the first nonprescription test to detect Covid-19, influenza, and respiratory syncytial virus (RSV). The test, called the Labcorp Seasonal Respiratory Virus RT-PCR DTC Test, was developed by Laboratory Corp of America Holdings (NYSE:LH). It can be sold directly to consumers online or at retail. A person can self-collect a nasal…

Reason

Why the Texas Social Media Law is a Menace to Freedom of Speech

The law forces social media firms to host and promote speech they oppose, and would set a dangerous precedent if upheld by the courts..

Bangkok Post

Median CEO Pay Package Rose to $14.7 Million in 2021, a New High

The median pay package for chief executives of the biggest U.S. companies reached $14.7 million in 2021, setting a sixth-straight annual record as strong profits and robust markets boosted performance measures.

Benzinga

Morning Brief: Top Financial Stories Dominating on Monday, May 16

CNBC Volkswagen CEO Shares Ambitious EV Ambitions For US Market

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Zenger

Physicist Frank Wilczek Adds 2022 Templeton Prize To His List Of Accolades

The award honors those who utilize the power of science to advance questions about religion and humanity.

Axios

Summer is going to be expensive

Airline fares, gas prices and summer camp costs are all on the rise.

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, May 13

CNBC

Al Jazeera

Israel ‘investigating soldier’ in journalist Abu Akleh’s killing

Shireen Abu Akleh was killed by Israeli forces on Wednesday during a military raid in the West Bank town of Jenin.

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

US Army, Airbus Battery Supplier Turns To SPAC Deal For Public Debut: WSJ

Amprius Technologies Inc has agreed to merge with a special-purpose acquisition company (SPAC)that values the company at about $1.3 billion and would take it public, Wall Street Journal reported. Amprius makes batteries that it says are more powerful than conventional lithium-ion cells because they use energy-dense silicon in the battery’s anode instead…

Daily Mirror

Kanye West tells Kim Kardashian her career is 'over' after Marge Simpson 'dress fail'

Kim Kardashian has revealed estranged husband Kanye West called her to compare the outfit she wore to the Wall Street Journal Innovator Awards to a dress Marge Simpson wore

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