The Latest Breaking News from Wall Street Journal

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…

Benzinga · Mar 8, 2022

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

Benzinga · Mar 8, 2022

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…

Asharq Al-Awsat · Mar 7, 2022

"The New Due Process: Fairness in a Fee-Driven State"

An interesting and important new article by Profs. Glenn Harlan Reynolds (InstaPundit) and Penny White, both of the University of Tennessee College of Law (see also this Wall Street Journal piece, excerpted without a paywall here): Many municipalities have chosen to use the criminal justice system as a revenue-extracting tool.…

Reason · Feb 22, 2022

Microsoft's Activision Acquisition Triggers Regulatory Subpoenas Over Workplace Harassment

The Wall Street Journal reports that federal and state regulators have broadened their investigations into Activision Blizzard Inc's (NASDAQ:ATVI) leadership role in handling workplace misconduct claims. State watchdog, The California Department of Fair Employment and Housing subpoenaed Activision's directors over its workplace issues.  It also has subpoenaed police departments in the Los Angeles area…

Benzinga · Feb 18, 2022

Here's Why Activist Investor Daniel Loeb Sees ~$1 Trillion Untapped Value In Amazon

The Wall Street Journal reports that activist investor Daniel Loeb sees about $1 trillion in untapped value at Amazon.com Inc (NASDAQ:AMZN). Loeb's Third Point LLC counts the e-commerce major as one of its most significant holdings. Third Point, as of the end of 2021, had an Amazon stake valued at $784 million. The fund…

Benzinga · Feb 17, 2022

Here's Why Magnite, Digital Turbine, Trade Desk Shares Are Trading Lower Today

Shares of adtech companies fell on Wednesday morning on a report that Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google will stop cross-app tracking on Android phones, following a similar move by Apple Inc (NASDAQ:AAPL).  "We don't think there should be a forced choice between privacy and developers building their business," Anthony Chavez, VP of product management for Android…

Benzinga · Feb 16, 2022

From 'Facebook' To 'Meta,' 'Facebookers' To 'Metamates' - Mark Zuckerberg Talks About The Future

Meta Platforms Inc (NASDAQ:FB) founder Mark Zuckerberg offered his vision for a corporate culture that will “build awesome things,” “live in the future,” and be run by employees whom he called ‘metamates.’ Zuckerberg said that Meta would build off the core values written in 2007 but adapt them for the future.  “Meta, Metamates,…

Benzinga · Feb 16, 2022

Why Is Facebook Parent Meta's Stock Trading Lower Today?

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google looks to adopt new privacy restrictions to curtail tracking across apps on Android smartphones. Google’s plans for Android could drive an end to more than a decade of advertising practices across smartphones, the Wall Street Journal reports. The move would affect companies, including Meta Platforms…

Benzinga · Feb 16, 2022

Did Umbilical Cord Blood Transplant Help Cure A Woman's HIV infection?

A woman in the New York City area appears to have been cured of an HIV infection, Wall Street Journal reported, provid

Benzinga · Feb 15, 2022