A Media Heiress's Bid to Sell Sets Off Mayhem Inside Paramount

The storied Hollywood company behind 'The Godfather' faces its biggest battle yet as Shari Redstone's merger plans collide with shareholder fury and a CEO on the outs. 


 
Musk Courts Chinese Officials to Seek Approval for Tesla's Self-Driving Technology

His visit to Beijing on Sunday comes as the electric-vehicle maker struggles with flagging demand. 


 
How TikTok Lost the War in Washington

Coordinated efforts by its critics and missteps by the company led to the law forcing a sale or ban of the popular app. 


 
AIA to Increase Shareholder Returns on Record New Business Value

The 31% increase in the value of the insurer's new business prompted it to increase its payout to shareholders and announce additional share buybacks. 


 
TPG Telecom Agrees to Regional Network Sharing Deal With Optus

TPG Telecom will pay Optus about $653.2 million to use its rival's mobile infrastructure in regional Australia after regulators blocked an earlier plan to share with Telstra. 


 
California Fast-Food Chains Are Now Serving Sticker Shock

A month after a higher state minimum wage for fast-food workers went into effect, consumers picking up burgers and burritos at chains in the Golden State grapple with prices rising at a faster clip than in other states. 


 
Ukraine Aid Lifts Defense Industry as Debate Over Profits Reignites

A long-delayed $95 billion package supports shells, missiles and drones for three countries, boosting defense companies, as scrutiny grows on share buybacks. 


 
Northrop's Rocket Fuel Factory Is Slow to Take Off

The missile supplier built a factory in Utah to produce a key chemical. So far it has struggled to take off. 


 
You Know LVMH for Its Luxury Bags. It's Also a Titan of Real Estate.

The parent of Louis Vuitton and Dior is buying up real estate to control its brands. It is changing city centers from New York to Miami, Paris to Montreal. 


 
Adam Neumann, Rebuffed by WeWork, Asks Bankruptcy Court to Block Lender Plan

The former chief executive and co-founder of WeWork says it stonewalled his bid, which the company denied.


(END) Dow Jones Newswires

04-28-24 2115ET