FTC Seeks Injunction to Stop Microsoft From Closing Activision Deal
A judge would need to agree to issue the injunction, likely after a hearing at which the agency would present evidence for why the deal is illegal.
Breakup of Google Ad-Tech Business Now on Table in Europe, Too
The EU antitrust case, expected to be filed as early as this week, would add to the U.S. Justice Department’s January lawsuit.
Netflix Plans First Live-Streamed Sports Event With Celebrity Golf Tournament
The tournament would feature celebrities from Formula One series “Drive to Survive” and golf program “Full Swing.”
Oracle Extends Its Rally. Earnings Got a Boost From AI.
Oracle shares have been on fire as the market begins to see the company as a major play on artificial intelligence.
After Illumina CEO’s Fall, Other Executives May Take Hard Look Before Deal Making
Francis deSouza resigned from gene-sequencing maker after regulators challenged $7.1 billion deal, triggering proxy battle with Carl Icahn.
Tesla Stock Hits Record 12th Consecutive Session Rise
The stock closed up 2.2% at $249.83. It has gained almost 37% from the closing price of $182.90 on May 24, the most recent down day for the shares.
JPMorgan to Pay $290 Million to Settle Jeffrey Epstein Accusers’ Suit
The lawsuit forced CEO Jamie Dimon to answer questions under oath and led the bank to turn around and sue a former top leader, Jes Staley.
Twitter CEO Cites Need to Transform ‘Global Town Square’
Linda Yaccarino, who joined company last week, described her mission in a memo to staff.
Verizon Is Searching for a Finance Chief Who Could Become CEO
Verizon is narrowing its search for a new finance chief and focusing on outsiders who could later transition to become a candidate for the wireless company’s next chief executive, according to people familiar with the matter.
Grubhub to Lay Off About 15% of Staff
The food-delivery company plans to cut around 400 jobs, with CEO Howard Migdal saying the move is needed to stay competitive.
Source: Dow Jones Newswires