Meta Platforms Shares Surge on Cost Cuts, Stock Buyback
Business Shares of social-media company are on pace for largest percentage increase in nearly a decade
Corporate Actions
FTC Loses Antitrust Challenge to Facebook Parent Meta
Tech Judge denies agency’s request for injunction blocking Meta’s proposed acquisition of virtual-reality startup
Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street
For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more
Bed Bath & Beyond Misses Interest Payments as It Weighs Chapter 11
Bed Bath & Beyond Inc. missed interest payments on its bonds, a week after its bank lenders sent the company a default notice because it was overdrawn on its credit lines. The home-goods retailer failed to pay more than $28 million on three tranches of notes totaling roughly $1.2 billion due on Feb. 1, a spokeswoman … Read more
J&J Can’t Use Bankruptcy to Resolve Talc-Injury Lawsuits, Appeals Court Rules
A federal appeals court rejected Johnson & Johnson ‘s plan to use a legal strategy to push about 38,000 talc lawsuits into bankruptcy court, hampering the controversial tactic the company and a handful of other profitable businesses have used to move mass personal-injury cases to chapter 11. The Third U.S. Circuit Court of Appeals on … Read more
Rout in Adani Stocks, Bonds Continues; Conglomerate Trades Barbs With Short Seller
Markets India’s Adani Group issues 413-page response to Hindenburg Research’s allegations
Upstart Indian Shipper Helps Get Russian Oil to Market
World Gatik Ship Management, which took control of 25 tankers after the invasion of Ukraine, now shuttles Russian crude along new trade routes
Salesforce Can Bid Aloha to Big Deals – The Wall Street Journal
Salesforce Can Bid Aloha to Big Deals The Wall Street Journal Salesforce Board Of Directors: Who’s In, Who’s Out, Who Stays After Elliott Stake CRN If Salesforce Sells Slack, It Could Get Half the $28 Billion It Paid Business Insider Elliott Management shakes up Salesforce board of directors Yahoo Finance Meet The New Salesforce Board Members After Elliott Takes … Read more
Chevron, Comcast, and 10 More Companies That Raised Their Stock Dividends
Text size Kimberly-Clark raised its dividend this week. Pavel Sytsko/Dreamstime.com Chevron , Kimberly Clark , Archer-Daniels Midland , and Comcast were among the large U.S. companies that announced dividend increases this week. It was a busy week for these announcements, with the fourth-quarter earnings season in full swing. Chevron (ticker: CVX) declared a quarterly dividend … Read more
Lucid Stock Soars. Here’s What Is Happening.
Text size Lucid shares roughly doubled at points on Friday. Courtesy of Lucid Group Lucid stock was soaring Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired. Lucid (LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.80, before being halted just before 1 … Read more