FORGOTTEN HISTORY: 100 | History Defined

Western Digital Weighed Strategic Alternatives Including Business Split

Western Digital Corp (NASDAQ:WDC) had weighed strategic alternatives, including splitting its businesses focused on traditional hard drives for computers and flash memory. Western Digital settled with activist investor Elliott Management Corp calling for the $19 billion company to consider splitting into two, the Wall Street Journal reports. Previously Elliott disclosed a 6% stake in Western…

Benzinga · Jun 8, 2022

China Approves 60 New Games

China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing. The announcement follows a report in The Wall Street Journal on Monday that said regulators…

Asharq Al-Awsat · Jun 8, 2022

Making music accessible the goal of Pearl scholarship winner

A musician who wants to make classical music more accessible to more diverse performers and audience members has been named this year’s recipient of a college scholarship founded in honor of slain Wall Street Journal reporter Daniel Pearl

The Independent UK · Jun 7, 2022

Movie Theater Popcorn Shortage? Here's What AMC CEO Adam Aron Had To Say

As more people head back to the movie theaters for blockbuster movies, they could be facing a shortage of an item that pairs well with movies: popcorn. One movie theater executive is brushing off the potential shortage.

Benzinga · Jun 6, 2022

Carl Icahn Backs From Proxy Fight With Kroger Over Pig Treatment: WSJ

Activist investor Carl Icahn said he is backing from a proxy fight at Kroger Co (NYSE:KR) on the treatment of pregnant pigs, the Wall Street Journal reported. He took the decision after he lost a similar proxy fight with McDonald's Corp (NYSE:MCD) over animal welfare. "I congratulate the McDonald's team on their victory in this proxy engagement…

Benzinga · Jun 6, 2022

Exclusive: Russia warns U.S. media in Moscow they risk losing their accreditation - sources

Russia warned U.S. news organisations on Monday they risked being stripped of their accreditation unless the treatment of Russian journalists in the United States improves, according to three sources with knowledge of the matter.

Reuters · Jun 6, 2022

Ex-Prosecutor Markus Funk and Judge Virginia Kendall (N.D. Ill.) on Possible Prosecution of S. Ct. Leaker

A new op-ed in the Wall Street Journal Wednesday (written with the help of ex-prosecutor Andrew S. Boutros), following up on their Bloomberg Law piece from May 11, lays out some possible bases for the prosecution: Consider Section 1512 of Title 18 of the United States Code, which makes it…

Reason · Jun 3, 2022

Morning Brief: Top Financial Stories Dominating on Friday, June 3

CNBC

Benzinga · Jun 3, 2022

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

Benzinga · Jun 3, 2022

McDonald's To Deploy Third Party Firm To Evaluate Diversity Initiatives: WSJ

McDonald's Corp (NYSE:MCD) is planning to deploy a third party to evaluate its effort on diversity, equity, and inclusion, the Wall Street Journal reported. In a Securities and Exchange Commission (SEC) filing, the company said about 274 million shares of the company's common stock were voted in favor of the third-party civil…

Benzinga · Jun 3, 2022