J&J Hit With $4.7 Billion Jury Verdict in Baby Powder Suit - Wall Street Journal
Wall Street JournalJ&J Hit With $4.7 Billion Jury Verdict in Baby Powder SuitWall Str.....»»
The Wall Street Journal: State Farm to slash $2 billion in car-insurance premiums amid pandemic
The nation’s biggest car ins.....»»
Airbnb is reportedly paying a steep 10% interest on the debt it just raised in its $1 billion funding and its valuation is nearly half what it was in 2017
Stephen Lam/Reuters Airbnb will pay more than 10% in interest on the additional funding it just secured from Silver Lake and Sixth Street Partners, The Wall Street Journal reported Tuesday. The investors were also offered warrants that can conver.....»»
SoftBank Is Backing Away From $3B WeWork Bailout: Report
SoftBank Group Corp. (OTC: SFTBY) is backing away from a $3-billion bailout of WeWork shareholders, The Wall Street Journal reported Wednesday, citing people familiar with read more.....»»
SoftBank could walk away from the $3 billion WeWork stock buybacks it agreed to as part of its bailout plan: WSJ
Alessandro Di Ciommo/Getty Images, Michael Kovac/Getty Images, Business Insider SoftBank could walk away from part of its WeWork bailout, the Wall Street Journal reported Tuesday. In a notice to .....»»
U.S. airlines seek government help: WSJ
U.S. airlines are in talks with the government to obtain as much as $50 billion in financial assistance, according to a The Wall Street Journal.....»»
The Wall Street Journal: SoftBank to buy back $4.8 billion in shares after pressure by Elliott
SoftBank Group Corp. said it would spend as much as Â¥500 billion ($4.8 billion) to buy back up to 7% of its own shares, following plunging stock prices and a pressure campaign from one of the world’s most aggressive activists......»»
The Wall Street Journal: General Motors hopes to convince Wall Street to bet on its electric cars
GM said it will spend $20 billion to develop electric and autonomous vehicles......»»
The Wall Street Journal: Intuit eyes Credit Karma in what would be its biggest-ever acquisition
Intuit Inc. is nearing a deal to buy personal-finance portal Credit Karma Inc. for about $7 billion in cash and stock, in a move that would push the bookkeeping-software giant further into consumer finance, according to people familiar with the matter......»»
TurboTax maker Intuit nears agreement to buy Credit Karma for $7 billion: WSJ
Intuit Inc is nearing an agreement to buy financial technology portal Credit Karma Inc for about $7 billion, the Wall Street Journal reported......»»
The Wall Street Journal: Berkshire Hathaway posts $29.2 billion quarterly earnings and holds $128 billion in cash as of Dec. 31
Berkshire Hathaway Inc.‘s earnings surged last year due to unrealized investment gains, but the conglomerate’s cash pile totaled $128 billion as of Dec. 31, the company said Saturday, slightly down from $128.2 billion at the end of the third quarter......»»
Ebay shares rise after report of possible sale of classified ad business, which could be valued at $10 billion
Ebay Inc. stock rose 2.6% in Friday trading after a report from The Wall Street Journal said there's potential for a sale of the e-commerce company's classified ad business. The business could be worth about $10 billion......»»
Morgan Stanley to buy E-Trade in deal valued at $13 billion: WSJ
Morgan Stanley is buying E-Trade Financial Corp. in a deal valued at $13 billion, the Wall Street Journal reported Thursday. The all-stock deal was set to be announced later Thursday, it was reported. E-Trade shares were halted in the premarket.....»»
The Wall Street Journal: L Brands set to sell Victoria’s Secret, which would go private
L Brands Inc. is near a deal to sell control of Victoria’s Secret to a private-equity firm in a transaction that values the lingerie brand at about $1.1 billion, according to people familiar with the matter......»»
The Wall Street Journal: HSBC to cut 35,000 jobs as part of plan to scale back operations
HSBC Holdings PLC said it would cut 35,000 jobs and $100 billion in assets in the next three years as it scales back its operations in the U.S., mainland Europe and its investment bank......»»
Bombardier may be acquired by Paris-based train giant
Paris-based Alstom announced intentions to acquire Montreal-based Bombardier Inc., which operates its Rail Control Solutions Group in Pittsburgh, in a $7 billion preliminary deal, according to reporting by The Wall Street Journal.  The deal c.....»»
The Wall Street Journal: Military newspaper Stars and Stripes set to lose half its funding as Pentagon shifts budget priorities
The Pentagon has identified more than $5 billion in programs from which it wants to shift money to fund higher-priority initiatives, according to a draft budget document reviewed by the Wall Street Journal......»»
The Wall Street Journal: State attorneys general reject $18 billion settlement with opioid wholesalers
An $18 billion offer from three major drug wholesalers aimed at settling litigation over their alleged role in the opioid crisis fell through, after more than 20 state attorneys general rejected it in a letter to the companies’ law firms this week......»»
WhatsApp has hit 2 billion users, and it"s pushing back hard against the US government for demanding a way to break encryption
AP Photo/Tony Avelar Head of WhatsApp Will Cathcart told the Wall Street Journal the app now has 2 billion users. WhatsApp has accumulated.....»»
Activist investor Elliott Management has built a more than $2.5 billion stake in SoftBank, the conglomerate behind WeWork
Reuters/ Steve Marcus Elliott Management Corp, run by Paul Singer, has built a more than $2.5 billion stake in SoftBank Group, The Wall Street Journal reported Thursday. The activist investor will push the Japane.....»»
Intercontinental Exchange offers to buy eBay: WSJ
Intercontinental Exchange Inc, owner of the New York Stock Exchange, has made an offer to buy eBay Inc in a deal that could value the ecommerce company at more than $30 billion, the Wall Street Journal reported on Tuesday......»»