Former Black Franchisees Sue McDonald's Alleging Discrimination
Several dozen former McDonald's franchisees sued the burger giant, alleging it unfairly treated Black owners by selling them subpar stores and failing to support their businesses.
Facebook Threatens to Bar News Sharing in Australia if Proposed Payment Rules Become Law
Facebook has threatened to stop allowing Australians to share news on its site and on Instagram if lawmakers allow media companies to demand payment from digital platforms.
Local TV Stations Team Up to Launch Streaming Service
A new streaming service featuring more than 200 TV stations launched, part of an effort by local-TV groups to make their content more broadly available and generate additional advertising revenue.
KKR Buys Stake in Telecom Italia Broadband Project
KKR said it's paying EUR1.8 billion for a 37.5% stake in a new joint venture, majority-owned by Telecom Italia, to create a national ultrafast broadband network.
Walmart Tries Again to Find Its Answer to Amazon Prime
Walmart is trying again to build a membership program that can rival Amazon Prime, the Amazon.com service with more than 150 million members.
ArchiMed to Take Majority Stake in Medical-Device Testing Company Namsa
ArchiMed prevailed in a sales process for the business, also known as North American Science Associates Inc., over three other private-equity firms with a bid of just over $350 million, a person familiar with the sales process said.
American, Delta End Most Domestic Change Fees
American and Delta joined United in removing change fees on most domestic flights, as the levies emerged as a competitive battleground among airlines.
Zoom Boosts Outlook as Sales Surge in Shift to Remote Work
Zoom raised its full-year outlook for a second time during the pandemic, cementing its position as one of the biggest corporate winners from the shift to working from home and remote schooling.
GIC Consortium Buys Reliance Industries Tower Business for $3.4 Billion
A group of investors led by Singapore sovereign-wealth fund GIC and Brookfield Infrastructure Partners has acquired a telecom tower company from a unit of India's Reliance Industries for $3.4 billion.
J.C. Penney Pitches Chapter 11 Sale to Lenders as Other Bidders Balk
The retailer is flirting with collapse, eager for lenders to agree to buy its assets out of bankruptcy after talks broke down with potential bidders including landlords.
