China’s antitrust regulator has imposed a fine equivalent to $ 2.8 billion against Alibaba Group Holding Ltd for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder …
Read More » After forcing companies to make countless CEO changes in his career, Carl Icahn is about to make one of his own. The activist investor said he is hiring a former General Electric Co. GE, +1.14% executive to be CEO of his firm, which houses both his investment fund and a …
Read More » Dozens of prominent Black executives called on corporations to fight Republican-led legislation they say would limit voting access for Black voters in numerous states, and Delta Air Lines Inc.’s DAL, +0.79% CEO publicly clashed with Georgia’s governor over a similar law passed there last week. The efforts by Black business …
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SYDNEY — Blackstone Group Inc. made a takeover offer for Australian casino operator Crown Resorts Ltd. valued at $ 6 billion, as regulators investigate Crown’s business practices and threaten to rescind its casinos licenses. The U.S. investment firm has offered 11.85 Australian dollars, or the equivalent of $ 9.15, a share for Crown, a 20% premium …
Read More » The Justice Department is investigating whether Visa Inc. V, -5.03% is engaging in anticompetitive practices in the debit-card market, according to people familiar with the matter. The department’s antitrust division has been gathering information and asking whether Visa, the largest U.S. card network, has limited merchants’ ability to route debit-card …
Read More » New York City public high schools will reopen March 22 for some in-person learning, after more than two months of fully remote instruction for their students. About 55,000 students and 17,000 school staff are expected to return to 488 high schools, the city’s Department of Education said Monday morning. In …
Read More » MacKenzie Scott, the philanthropist formerly married to Jeff Bezos, has married again following her 2019 divorce from the Amazon.com Inc. AMZN, +0.77% founder, according to a person familiar with the matter. Scott, one of the world’s wealthiest women, has married Dan Jewett, a science teacher at a Seattle private school, according to the …
Read More » Italy blocked the export of AstraZeneca PLC’s Covid-19 vaccine to Australia, in a move coordinated with European Union authorities, reflecting mounting frustration in Europe with slow deliveries of vaccines. The move was prompted by the persisting shortage of vaccines in Italy and the EU, delays in the supply of vaccines by …
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DUBAI — A United Nations report accuses Blackwater founder Erik Prince of assisting in violations of an international arms embargo on Libya, placing the military contractor at risk of U.N. sanctions, according to a diplomat with access to the report. The report by the U.N. Panel of Experts that monitors …
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