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THE WALL STREET JOURNAL


New bipartisan bill would force Google to break up its ad business

The Competition and Transparency in Digital Advertising Act was introduced by key Senators on the Judiciary subcommittee on antitrust, the Journal reported.

cnbc.com

Peloton shares hit all-time low as pressure mounts under new CEO Barry McCarthy

Peloton shares tumbled to an all-time low Friday as investors lose hope that the connected fitness equipment maker can turn itself around.

cnbc.com

Why neither Russia nor Ukraine wants to discuss the mystery explosions at strategic Russian facilities

Why neither Russia nor Ukraine wants to discuss the mystery explosions at strategic Russian facilities

news.yahoo.com

Anthony Galloway

Senior Vice President, CBS News Streaming

cbsnews.com

Bed Bath & Beyond stock jumps on report company received bids for Buybuy Baby unit

Bed Bath recently agreed to explore whether it should sell or spin off the baby apparel and gear retailer as part of a settlement with an activist investor.

cnbc.com

Meta COO Sandberg reportedly tried to block news story about Activision CEO Kotick

Facebook is now reviewing whether Sandberg violated its rules, unnamed sources told the Journal.

cnbc.com

American Companies Can’t Sugarcoat Their Carbon Pollution Anymore

Three ways to think about the SEC’s new climate rule

theatlantic.com

After heavy losses and few gains, Russia may be moderating its ambitions in Ukraine

After heavy losses and few gains, Russia may be moderating its ambitions in Ukraine

news.yahoo.com

Russian officials warned companies like McDonald's and IBM that corporate leaders who criticize the government could be arrested, report says

One source told The Wall Street Journal that some companies had already transferred their executives out of Russia in response to the threats.

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CVS CEO Karen Lynch fires executives after internal sexual harassment investigation, report says

At least two female CVS employees alleged a New Jersey-based regional store manager touched them inappropriately or harassed them at work, WSJ says.

cnbc.com

Iconic Russian car maker reportedly forced to halt production due to Western sanctions

Iconic Russian car maker reportedly forced to halt production due to Western sanctions

news.yahoo.com

Barry Diller denies insider trading on Microsoft, Activision deal as DOJ and SEC investigate him and Geffen

Barry Diller, David Geffen and Alex von Furstenberg made large bets on Activision Blizzard stock options before an announced purchase by Microsoft

cnbc.com

Saudi Arabia, UAE Leaders Reportedly Decline Calls With Biden Amid Ukraine Crisis

The Gulf nations reportedly indicated they would not alleviate surging oil prices unless the U.S. changed course on policy in the region.

news.yahoo.com

Icahn reportedly sells off Occidental Petroleum stake after almost 3 years

Carl Icahn has sold the last of what was once a 10% stake in energy company Occidental Petroleum, The Wall Street Journal reported.

cnbc.com

Ukrainian colonel says Russian troops are 'hungry, without fuel, demoralized' as 40-mile-long convoy near Kyiv is stalled for days

UK intelligence said the military convoy bearing down on Kyiv was "delayed by staunch Ukrainian resistance, mechanical breakdown and congestion."

news.yahoo.com

Ukrainians are returning from abroad to fight the Russian invasion

The Polish Border Guard said around 22,000 people have reentered Ukraine since Thursday, according to a report from the Associated Press.

news.yahoo.com

No medals for 2022 Beijing Olympics. The Games drew their lowest U.S. ratings ever

"This was probably the most difficult Olympics of all time," NBC Sports Chairman Pete Bevacqua said, citing "very harsh protocols in China" because of the COVID-19 pandemic.

npr.org

Another $415 million in student loan debt forgiven by Biden administration

The loans are being forgiven under a legal provision known as borrower defense to repayment. The borrowers benefiting from the loan cancelations attended schools including DeVry University, Westwood College, ITT Technical Institute’s nursing school and Minnesota School of Business/Globe University. You can get the application for the program through the Education Department’s borrower defense portal at https://studentaid.gov/borrower-defense/, Forbes said. Wednesday’s action marks the first time the Education Department approved borrower defense claims for a currently operating school: DeVry University, CNN said. The department estimated that about 1,800 former DeVry students are eligible for about $72 million in loan discharges.

mlive.com
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Stocks making the biggest moves in the premarket: Splunk, Blackstone, Aerojet Rocketdyne and more

The stocks making the biggest moves in premarket trading include Splunk, Blackstone, Aerojet Rocketdyne, and more.

cnbc.com

'Matrix' co-producer sues Warner Bros. over same-day HBO Max streaming release

Village Roadshow has filed a lawsuit against Warner Bros. over its decision to release "The Matrix Resurrections" in theaters and on HBO Max at the same time.

cnbc.com

News Corp. hacked, reporters targeted; believed China-linked

The Wall Street Journal's publisher, News Corp., says it has been hacked, with data stolen from journalists and other employees.

AMC reportedly in advanced talks to refinance debt

AMC Entertainment is fast-tracking its plan to refinance its debt, according to a report from The Wall Street Journal.

cnbc.com

Tesla asked law firm to fire attorney who worked on Elon Musk probe at SEC, report says

Cooley LLC did not fire the attorney, and Elon Musk's Tesla and SpaceX have since started to replace the firm, The Wall Street Journal reported.

cnbc.com

Lawsuit accuses 16 major universities, including Yale and Northwestern, of illegally collaborating to limit students' financial aid

Over 170,000 former students could become plaintiffs in a lawsuit accusing schools of unfairly limiting financial aid, The Wall Street Journal said.

news.yahoo.com

Toyota drives past General Motors as top-selling automaker in US

General Motors lost the crown as the top-selling automaker in the U.S. as sales dropped 13% in 2021, down to 2.2 million cars sold, allowing Toyota to take the top spot as it sold 2.3 million last year.

The Case for Industrial Food

Plus: Write in with your most controversial culinary opinions.

theatlantic.com

Man arrested after allegedly setting Christmas tree on fire outside Fox News building

The 50-foot tree filled with 10,000 glass ornaments and 100,000 lights was burned down.

cbsnews.com
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Activist firm Engine Capital reportedly pressures Kohl's to consider sale of online biz

An activist is reportedly pressuring Kohl's to consider either a sale or a separation of its online business, The Wall Street Journal reported.

cnbc.com

Spotify removes many comedians' work from streaming platform over royalties dispute

Spotify took down the work of hundreds of comedians are negotiating for royalties on streaming platforms, the Wall Street Journal reports.

cnbc.com

Activision Blizzard shares drop after report CEO allegedly knew about sexual misconduct

CEO Bobby Kotick allegedly knew about sexual misconduct allegations but failed to inform the board of directors, according to a Wall Street Journal report.

cnbc.com

Trump's controversial hotel in D.C. will reportedly be sold and renamed

The deal is said to be worth $375 million. Trump's company has suffered a net loss of $70 million in operating the hotel, the House Oversight Committee said last month.

npr.org

America Needs a New Scientific Revolution

A repurposed antidepressant might help treat COVID-19, a remarkable study found. The way this research was funded highlights a big problem—and bigger opportunity—in American science.

theatlantic.com

The Facebook Papers Are Their Own Outrage Machine

You can’t even fight a social network without a social network.

theatlantic.com

A car dealership CEO says he cut staff by 17%. Now employees are 'happier' and selling twice as many cars.

Some large car dealerships are doing just fine without hiring back all the employees they let go in 2020, executives told The Wall Street Journal.

news.yahoo.com

NFL condemns "appalling" racist comment coach Jon Gruden made in 2011 email

Gruden wrote about Smith in an email to Bruce Allen, who was the then-president of Washington's NFL team, 10 years ago.

cbsnews.com

Afghans reportedly escaped Kabul through a CIA gate so secret not even the Taliban knew it existed

Afghans reportedly escaped Kabul through a CIA gate so secret not even the Taliban knew it existed

news.yahoo.com
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Watch as Facebook whistleblower Frances Haugen testifies before the Senate

The whistleblower who leaked internal Facebook research to Congress and The Wall Street Journal will testify before the Senate Tuesday.

cnbc.com

Stocks making the biggest moves midday: Facebook, Ford, General Motors and more

These are the stocks posting the largest moves in midday trading.

cnbc.com

Facebook whistleblower reveals identity, accuses the platform of a 'betrayal of democracy'

Frances Haugen, a former product manager on Facebook's civic misinformation team, revealed herself as the whistleblower behind the leaked documents.

cnbc.com

EXPLAINER: Why Facebook is holding off on kids' Instagram

Bowing — if only for a moment — to pressure from lawmakers, critics, the media and child development experts, Facebook said Monday it will “pause" its work on a kids' version of its photo-oriented Instagram app.

MyPillow CEO Mike Lindell concedes his ads will air again on Fox News next week, following a feud over his election-fraud symposium, says report

MyPillow CEO Mike Lindell's boycott of Fox News buckles. His company lost $1 million a week in sales after they stopped advertising.

news.yahoo.com

Facebook exec will testify at Senate hearing after report finds Instagram harms teen mental health

Facebook agreed to send Antigone Davis, global head of safety, to testify before the Senate Commerce subcommittee on consumer protection on Sept. 30.

cnbc.com

George W. Bush moves to defend Liz Cheney from Trump

George W. Bush moves to defend Liz Cheney from Trump

news.yahoo.com

Facebook oversight board reviewing 'XCheck' system for VIPs

Facebook's semi-independent oversight board says it will review the company's “XCheck," or cross check system following an investigation by The Wall Street Journal into the use of an internal system that has exempted high-profile users from some or all of its rules.

Xi may be moving China to economic system 'that doesn't exist anywhere in the world'

Xi may be moving China to economic system 'that doesn't exist anywhere in the world'

news.yahoo.com
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Senate will grill tech execs after report that Instagram can harm teens' mental health

Sen. Marsha Blackburn, R-Tenn., the ranking member of the subcommittee, announced the hearing in an interview on CNBC's "Closing Bell" Friday.

cnbc.com

Feds to indict ex-Boeing test pilot over 737 Max crashes: report

The Wall Street Journal says prosecutors suspect Mark Forkner misled the FAA about safety issues that were later blamed for the crashes.

cbsnews.com

Walmart ends quarterly bonuses, as it raises employees' hourly pay

The big-box retailer said that it will roll the compensation into employees' base pay.

cnbc.com

For 8 Years, A 'Wall Street Journal' Story Haunted His Career. Now He Wants It Fixed

Former U.S. Education Department official Robert Shireman is asking The Wall Street Journal to correct a story from 2013 that continues to fuel false accusations. The paper has declined his request.

npr.org

Trump Organization’s security director agrees to testify to grand jury

Matthew Calamari Jr., 28, is the son of Donald Trump’s longtime bodyguard

washingtonpost.com

U.S. withdrawal from Afghanistan 'is not good news for China,' international relations scholar says

U.S. withdrawal from Afghanistan 'is not good news for China,' international relations scholar says

news.yahoo.com

Ken Jennings reportedly didn't get the Jeopardy! host job because of his old tweets

Ken Jennings reportedly didn't get the Jeopardy! host job because of his old tweets

news.yahoo.com

After 3 months of investigations, the intelligence community still can't determine the origin of COVID-19

"We should not even be thinking about closing the book or backing off, but rather ratcheting up the effort," a Stanford University microbiologist said.

news.yahoo.com

U.S. COVID-19 breakthrough infections are 'uncommon,' rising 'considerably,' and 'sort of okay'

U.S. COVID-19 breakthrough infections are 'uncommon,' rising 'considerably,' and 'sort of okay'

news.yahoo.com
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China's Didi denies report of plan to buy back shares

Didi Global Inc. has denied a report by The Wall Street Journal that the ride-hailing service was considering buying back its U.S.-traded shares after its June market debut was disrupted by Chinese government orders to overhaul data security.

An unwelcome prank: Volkswagen purposely hoodwinks reporters

Several news organizations, including The Associated Press, USA Today, CNBC and The Washington Post, had reported the original press release as real news, some after being assured specifically that it was no joke. It was a similar story at USA Today, where a reporter specifically asked if it was a joke and was told “no,” said the newspaper's spokeswoman, Chrissy Terrell. “We are disheartened that the company would choose this type of disingenuous marketing.”The USA Today reporter who was initially lied to was more blunt. “About that plan to change Volkswagen of America's name.” wrote USA Today's Mike Snider. AdGlover said the company landed millions of dollars in publicity from a press release.

Report: DOJ investigating Visa over debit card business

Visa is under investigation by the Department of Justice's antitrust division over whether the company pushes merchants into more expensive forms of debit card payments, The Wall Street Journal reported Friday, March 19, 2021. The investigation is focused on how merchants route debit card transactions when a consumer makes an online transaction, according to the Journal, which cited anonymous sources. The investigation is focused on how merchants route debit card transactions when a consumer makes an online transaction, according to the Journal, which cited anonymous sources. However debit card fees are strictly regulated after Congress passed the Dodd Frank Act following the 2008 financial crisis, in what's known as the Durbin amendment. AdMerchants are supposed to be given the option to run debit card transactions on lower-cost networks instead of running it on Visa's or Mastercard's network.

Another ex-aide calls Cuomo's office conduct inappropriate

In this image taken from video from the Office of the NY Governor, New York Gov. Andrew Cuomo speaks during a news conference, Wednesday, March 3, 2021, in Albany, N.Y. (Office of the NY Governor via AP)NEW YORK – Another woman who worked for Gov. Andrew Cuomo is describing conduct she felt was inappropriate for the workplace. Liss told the Journal she initially thought of Cuomo’s behavior as harmless, but it grew to bother her. Cuomo’s workplace conduct has been under intense scrutiny in recent days as several women have publicly told of feeling sexually harassed, or at least made to feel demeaned and uncomfortable by the Democrat.

NY officials removed fuller tally of nursing home deaths

About a third of the state's nursing home fatalities were excluded from the report as a result of the change. Impeach,” tweeted Queens Assembly member Ron Kim, who said Cuomo bullied him for criticizing how Cuomo withheld nursing home data. AdState officials acknowledged even then that the true number of deaths was higher because the report was excluding patients who died in hospitals. State officials insisted Thursday that the edits were made because of concerns about accuracy. The administration initially released data about how many nursing home residents died at both hospitals and nursing homes, but quietly stopped in early May.

Report: Algorithm question complicates TikTok sale

The Journal report stated the algorithms were considered part of the deal negotiations up until Friday. That's when the Chinese government introduced export restrictions on artificial intelligence technology that appear to cover content-recommendation algorithms such as the one powering TikTok. The move followed President Donald Trump's effort to force a sale of TikTok's U.S. operations by Sept. 20. Those export restrictions mean that TikToks Chinese owner, ByteDance Ltd., would have to obtain a license to export any restricted technologies to a foreign company. The Journal report said both the prospective buyers and the seller, ByteDance, are trying to figure that out.

Report: Trump surveyed donors on freeing Blagojevich

Trump asked for a show of hands at a fundraiser at Chicago's Trump International Hotel of those who supported clemency for the 62-year-old Democrat. Most of the 200 to 300 attendees raised their hands, The Wall Street Journal reported, citing several people at Monday's event. On the same day, Trump told Chicago's WLS-TV that despite bringing up the possibility of freeing Blagojevich in August and then appearing to back away from the idea Blagojevich shouldn't abandon hope of an early release. Blagojevich's wife, Patti, has lobbied the Republican president hard on her husband's behalf. Trump first publicly mentioned the idea in May 2018, saying Blagojevich was convicted for "being stupid, saying things ... many other politicians say."

Huawei laying off more than 600 people in US

Ethan Miller/Getty Images(CNN) - Huawei is laying off more than 600 workers in the United States as the Chinese technology giant continues to struggle with new restrictions from the Trump administration. That action directly targeted China and Huawei, a leader in 5G technology and a global business with revenue of more than $100 billion. Huawei doesn't have a big presence in the United States, but the company is a sole provider of networking equipment to many rural American internet providers. The United States' actions against Huawei are taking a serious toll on the company's bottom line. Huawei recently said it will miss sales forecasts by about $30 billion over the next couple of years.

FTC reportedly approves $5 billion settlement with Facebook

Justin Sullivan/Getty ImagesThe Federal Trade Commission has reportedly approved an approximately $5 billion settlement with Facebook, suggesting a lengthy investigation into the social media company's data privacy practices could be nearing an end. The FTC is said to have voted 3-2 in favor of the settlement, along party lines, according to reports from The Wall Street Journal and The Washington Post on Friday. The FTC and Facebook declined to comment to on the reports. Facebook stock ended Friday up nearly 2% after the Journal report was released. The-CNN-Wire & 2019 Cable News Network, Inc., a Time Warner Company.

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