Chinese Leaders Split Over Releasing Blacklist of U.S. Companies
Beijing has sped up development of a list that could be used to punish American technology firms, but some Chinese officials are mindful of moving too aggressively and say a decision should wait until after the U.S. election.
Activist Trian Fund Management Takes Stake in Comcast
Trian Fund Management has taken a stake in Comcast in a bet that the cable giant's shares are undervalued. Comcast is one of the biggest companies ever targeted by an activist.
Senate Democrats Oppose Bonus for Purdue Pharma CEO
Democratic senators are challenging the OxyContin maker's request to pay its chief executive a bonus that could total millions of dollars while the company is in bankruptcy, saying such an award would be offensive to the families harmed by the opioid crisis.
Volkswagen in Talks to Sell Bugatti Brand to Croatian Upstart
VW, whose brands range from Audi to Porsche and Skoda to Lamborghini, is discussing the possible divestment with Croatia's Rimac Automobili.
Tiffany, LVMH Trial Set for Early January
Tiffany sued LVMH earlier this month after the French luxury-goods company said it couldn't proceed with its $16.2 billion takeover of the U.S. jeweler.
Microsoft Buys Doom Owner in $7.5 Billion Videogaming Deal
Microsoft said it would buy the parent company of videogame publisher Bethesda Softworks for $7.5 billion in cash.
Alibaba-Backed Courier Set to Raise Nearly $1.3 Billion From Secondary Listing
U.S.-listed ZTO Express is set to raise nearly $1.3 billion ahead of its market debut in Hong Kong on Sept. 29.
Chinese Hotel Group's Shares Rise in Hong Kong Debut
Huazhu Group's shares extended opening gains to rise 4.7% in early trade, after raising around US$782 million in the secondary offering.
LA Fitness Lenders Tap Adviser for Debt Negotiations
Lenders to the LA Fitness chain have hired a financial restructuring adviser to lead discussions with the company in an effort to avert a potential cash crunch after pandemic lockdowns rocked the gym industry.
Quibi Explores Strategic Options Including Possible Sale
The streaming-video service, founded by Hollywood mogul Jeffrey Katzenberg, has struggled to sign up subscribers in a competitive online-video marketplace.