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The Latest Breaking News from Wall Street Journal

CEOs got big raises while hiking prices

Some companies raised prices, blaming rising wages — but actually cut workers' pay, according to new report

Salon

Carlos Ghosn 'Surprised' by Reports of French International Arrest Warrant

Carlos Ghosn, the former car executive at the helm of Renault and Nissan, was "surprised" by earlier media reports which stated that French prosecutors had issued an international arrest warrant for him, said a spokesperson for Ghosn. "This is surprising, Ghosn has always co-operated with French authorities," a spokesperson for…

Asharq Al-Awsat

Carlos Ghosn surprised by French international arrest warrant

Carlos Ghosn was surprised by an international warrant sought by a French magistrate linked to an investigation into allegations of suspect money flows to an Omani dealership, a spokesman for the fugitive former Renault-Nissan boss said.

Reuters

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Amazon Faces Activism Over Workplace Safety

A group of New York City and state pension funds owning over $5.3 billion of Amazon.com Inc (NASDAQ:AMZN) stock or ~0.3% of the company's market value urged fellow shareholders to vote against the re-election of two board members, the Wall Street Journal reports. New York City's pension fund paired up with New York…

Benzinga

Meta's Sheryl Sandberg allegedly leant on news site to drop stories about ex-boyfriend

The Daily Mail dropped two stories detailing Activision’s Bobby Kotich’s abuse of an ex after threats by Meta executive, WSJ reports

The Guardian - US

At the Races: No recess for campaign money - Roll Call

The CQ Roll Call newsroom tracks campaigns nationwide, sharing the best stories, with some extras, in the At the Races newsletter.

Roll Call

This Digital Freight Operator Raises Funds At $3.8B Valuation, Positioning It For Potential IPO

Digital freight operator Convoy Inc raised $160 million in new funding that values the load-matching business at $3.8 billion positioning it for a potential IPO. Convoy substantially completed the Series E funding round led by Baillie Gifford & Co, T. Rowe Price Associates Inc, and others during the fourth quarter of 2021. Convoy…

Benzinga

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Joe Biden must ditch ‘woke advisers’ to fix US economy, Mitt Romney says

Republican senator makes demand in Wall Street Journal but does not suggest what a ‘woke adviser’ is or what one might recommend

The Guardian - US

KKR Led Consortium Offers To Buy Australia's Largest Private Hospital Operator: WSJ

Wall Street Journal reported that a KKR & Co Inc (NYSE:KKR)-led consortium offered to buy Australian hospital operator Ramsay Health Care Ltd (OTC:RMSYF) (OTC:RMYHY) for roughly $14.9 billion. Ramsay is Australia’s largest private hospital operator and operates in the U.K., France, Scandinavia, Malaysia, and Indonesia. In Australia’s private hospital sector, Ramsay has 28% of beds,…

Benzinga

Baby formula shortage: What is causing supply issue and which stores are rationing products?

Out-of-stock per centages reached higher than 40 per cent in seven states in first week of April

The Independent UK

Starbucks Plans Better Benefits For Some Workers In Bid To Discourage Unionization

Starbucks Corporation (NYSE: SBUX) is going all out to ward off store workers from unionizing, according to a Wall Street Journal report from Wednesday. This comes

Benzinga

Apple Chief Warns Against Privacy Risks From Antitrust Laws: WSJ

Apple Inc (NASDAQ:AAPL) CEO Tim Cook warned against proposed antitrust legislation on unintentionally making iPhones less safe, the Wall Street Journal reports. The legislation could put users at risk to “data-hungry” companies looking to sidestep its privacy features. The Congress and the European Union Legislation wanted Apple to allow the download of…

Benzinga

China Starts Issuing Videogame Licenses Again: WSJ

China’s videogame regulator has started granting publishing licenses to new titles, ending a months-long freeze in the world’s largest mobile game market, the Wall Street Journal reported. The country stopped issuing licenses in July 2021, after Beijing tightened rules on the industry. The report noted approved 45 videogames last week, including…

Benzinga

Here's How Shopify Chief Looks To Preserve Control

Shopify Inc (NYSE:SHOP) sought approval to change its complex share structure to protect the voting power, including a 10-for-1 stock split, the Wall Street Journal reports. Co-founder and CEO Tobi Lütke proposed a new “founder share” that, combined with his existing supervoting Class B shares, increased his voting power to 40% from…

Benzinga

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news in one place.

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Benzinga

Etsy Sellers Protest Against Fee Hike: WSJ

More than 15,000 of Etsy Inc's (NASDAQ:ETSY) digital marketplace sellers have signed a petition against the company's move to raise the commission it charges on each transaction to 6.5% from 5%, the Wall Street Journal reported. The fee hike, the first since 2018, is effective from April 11. The company said it expects to invest…

Benzinga

Amazon To Appeal Its Defeat To New York Union

Amazon.com Inc (NASDAQ:AMZN) looks to appeal its loss to New York union organizers, the Wall Street Journal reports. Roughly 55% of the workers who cast valid votes from a Staten Island facility named JFK8 chose to side with Amazon Labor Union. WSJ notes that Amazon has accused the union organizers of threatening…

Salon

What comes after "The Dropout" ending

The real story continues to unfurl with the Theranos trial ongoing, and the whistleblowers taking different paths

Benzinga

This Gadget-Rental Firm's Latest Fundraising Earns It Unicorn Status

Grover Deutschland GmbH raised $330 million at a valuation of over $1 billion, the Wall Street Journal reports. In a Series C round led by Energy Impact Partners, Grover raised $110 million in equity and $220 million in debt. The New York-based sustainability-focused investment firm provided $28 million in equity. Grover looks…

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news in one place.

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Benzinga

SEC Employees Inappropriately Accessed Restricted Legal Records: WSJ

According to an agency notice, employees at the Securities and Exchange Commission (SEC) improperly accessed documents prepared for litigated cases in the agency’s administrative court system, writes Wall Street Journal. The disclosure highlights concerns about the independence of the SEC’s in-house court system. The notice said some workers in the enforcement…

The Guardian - UK

Putin’s daughters targeted in US sanctions against Russia

Joe Biden links new measures directly to accounts of atrocities committed by Russian forces in Bucha

InsideEVs

Drivers May Not Care About Fuel Efficiency, But Investors Should

Many people assume an EV is more efficient than a gas-burner (which it is) and leave it at that. However, there are wide discrepancies between EVs' efficiency.

Benzinga

Biden To Propose Change To Obamacare To Extend Subsidies For Families: WSJ

The Biden administration is expected to propose a change in Affordable Care Act (ACA) subsidies to allow some people to afford health insurance for their families, writes Wall Street Journal. The proposed change, expected to be announced Tuesday, would recalculate what is considered affordable for a family with employer-based health insurance.…

Benzinga

Merger Arbitrage Mondays - Nielsen Holdings To Be Taken Private By A Consortium Of Private Equity Firms

Merger activity increased significantly last week with six new deals announced and eight deals completed. There were 17 deals announced in the month of March, with a total value of $64.55 billion. Nielsen Holdings (NYSE: NLSN)

Benzinga

Microsoft-Activision Deal Faces Regulatory Roadblock: WSJ

Four U.S. Senators sent a letter to the Federal Trade Commission citing concerns about Microsoft Corp’s (NASDAQ:MSFT) proposed acquisition of Activision Blizzard Inc (NASDAQ:ATVI), the Wall Street Journal reports. The Senators voiced concerns over undermining employees’ calls for accountability over alleged misconduct at the videogame giant. The deal could aggravate the barrage of sexual abuse, harassment, and…

Benzinga

Automakers Come In Support Of EPA's Stricter Tailpipe Standards: WSJ

Automakers, stating in court papers, will back environmental regulators in defending the higher standards, thus backing the Biden administration's stricter air pollution standards for passenger cars, writes the Wall Street Journal. The Alliance for Automotive Innovation, a lobbying group for automakers and suppliers, petitioned the U.S. Court of Appeals in Washington,…

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