Tag Archives: Street

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 …

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 …

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 …

Stocks finished firmly higher Friday, capping a tumultuous week of trading in U.S. markets that concluded with the three main equity indexes booking weekly gains. But despite the upbeat note that the final full week in March delivered, strategists and market participants were chirping about a major block trade in …

BANGKOK (AP) — Shares were higher across Asia on Friday after a strong gains on Wall Street driven by hopes for a powerful recovery from the pandemic. Tokyo, Hong Kong, Seoul and Shanghai all gained and U.S. futures also were higher. Hopes that economies will regain ground lost since last …

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 …

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 …

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 …

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 …