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. 


 
Europe's Love of SUVs Is Putting Car Makers At Risk of Fines

The EU is taking action to reduce carbon-dioxide emissions, but the popularity of big vehicles in the region is driving them higher, and could result in fines for auto makers. 


 
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. 


 
Oracle's Most Expensive Cloud Sale Yet

The software company looks to TikTok to cement its cloud reputation, but politics muddles the story. 


 
Even in a Pandemic, Venmo Tells Conned Customers to Pay Up

Venmo has fostered a compassionate public image during the pandemic, touting the popular payments app as a way to virtually tip out-of-work bartenders and give to hospitals. Yet it has taken a harder line against users who ended up overdrawing their accounts. 


 
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.