Activist Builds News Corp Stake, Plans to Seek Changes
Starboard believes the media company trades at a significant discount due to its structure.
Albemarle’s $4.16 Billion Lithium Bet Scuttled by Australia’s Richest Person
U.S. company cites difficulty of completing deal for Liontown Resources after Gina Rinehart bought large stake
Rite Aid Files for Bankruptcy, Undone by Years of Losses
The drugstore chain faces thousands of lawsuits over opioid crisis and struggled for years with failed mergers.
How Evergrande’s Chief Tried to Turn Things Around-and Failed
Hui Ka Yan, once one of the world’s richest men, led China Evergrande through its rise and fall. His failures in the aftermath made the property developer’s collapse a bigger problem for the country’s slumping housing market.
Risk-Advisory Firms Decide Hong Kong Isn’t Worth It
U.S.-based Nardello and other investigation companies are moving employees out of the city as business dwindles and China cracks down.
Tencent-Backed Logistics Firm Plans to Raise Over $500M in IPO
J&T Global Express is the latest logistics-related company seeking to tap investors’ appetite in Hong Kong.
Broadcasters Look for Ways to Ride the 5G Wave
TV stations hope to tap in to the huge market of mobile customers and move big groups of people back to the broadcast model.
Automakers Have Big Hopes for EVs; Buyers Aren’t Cooperating
Sales growth has slowed in the U.S. as car companies are finding a limited pool of consumers willing to pay more for these models.
Ford Considers Cutting Shift at F-150 Lightning Pickup Plant
Ford Motor is considering cutting a work shift at the plant where it builds its electric F-150 Lightning pickup as demand for the EV truck falters.
Elon Musk and Linda Yaccarino Point X in Different Directions Amid Israel-Hamas War
Musk jabs at a key European regulator, while Yaccarino, his CEO, hustles to show the platform is in compliance on content moderation.
Source: Dow Jones Newswires