E.W. Scripps Nears $2.65 Billion Takeover of ION Media in Berkshire-Backed Deal

E.W. Scripps is nearing a deal to buy ION Media for $2.65 billion, according to people familiar with the matter, in a move to significantly expand the TV station owner's reach that gained the backing of Warren Buffett's Berkshire Hathaway. 


 
TikTok Owner Puts Deal With Oracle, Walmart in Beijing's Hands

ByteDance is seeking approval from Beijing for the White House-endorsed plan under new export restrictions, as Chinese state media continue criticism. 


 
TikTok Asks Judge to Halt Trump's Download Ban

The video-sharing platform asked a federal judge to stop the U.S. from imposing a ban on the app over national-security concerns, with TikTok lawyers citing constitutional provisions for free speech and due process. 


 
WeWork Sells Majority Stake in China Business, Cutting Costs

The real-estate operator is selling control of its business in China, the latest sign it is abandoning its former rapid-growth approach and looking to reduce risk. 


 
JPMorgan Nears Deal to Settle Spoofing Probes

The bank would pay about $1 billion to wrap up investigations into whether its trading desks manipulated prices for metals and Treasury securities. 


 
Procter & Gamble Calls for Change to Annual TV Ad-Buying Process

Procter & Gamble's top marketing executive is asking for a later upfront marketplace, as well as more flexibility when buying ads closer to the time that they air. 


 
Hertz Backs New $400 Million ABS Deal to Restock Vehicle Fleet

Hertz Global Holdings Inc. is backing a new effort to raise $400 million that would allow it to keep its rental car fleet stocked with new vehicles for a return to business once the coronavirus pandemic eases. 


 
Bank to Pay Record Fine for 23 Million Money-Laundering, Terror-Financing Breaches

Westpac, Australia's second-largest bank, said it would pay a $920 million penalty for breaches that included a failure to detect transfers that may have been used to facilitate child exploitation in Asia. 


 
Avianca Nets $2 Billion in Bankruptcy Loans

One of Latin America's largest airlines, Avianca has lined up a $2 billion bankruptcy-loan package to finance its stay in chapter 11 from a group of investors and lenders including United Airlines and Chairman Roberto Kriete. 


 
Suez Moves to Protect Against Veolia Bid

Suez has created a foundation whose mission is to preserve the integrity of its French water activities, in a move by the company to counter a hostile takeover from Veolia.