A monthslong effort by Frontier Airlines to acquire Spirit Airlines abruptly ended on Wednesday when the companies called off their proposal, giving life to a rival bid for Spirit by JetBlue Airways...
Twitter sued Elon Musk on Tuesday to force the billionaire to complete his $44 billion acquisition of the company, setting the stage for a prolonged legal battle over the fate of the social media service...
A brewing legal battle over Elon Musk’s effort to terminate a $44 billion deal to buy Twitter will most likely land in a courtroom in Delaware. That’s where a 230-year-old court that is a prime venue for corporate battles may hear a case, should Twitter sue Mr. Musk to force a completion of the deal, as it is expected to do this week...
For months, Ramesh Balwani’s lawyers have tried to distinguish him from Elizabeth Holmes, his former girlfriend and business partner at the failed blood-testing company Theranos...
The Securities and Exchange Commission has stepped up scrutiny of sustainable investing, which has become popular but is said to lack accountability...
Eight days after 19 children and two of their teachers were killed in a mass shooting in Uvalde, Texas, shareholders of the gun maker Sturm Ruger voted on Wednesday to urge the company to hire an outside firm to study the effect its business and products have on human rights...
The message after a mass shooting, this time at a Texas elementary school, was clear: People who want to curb gun violence should “cast their vote in November.” That was how Senator Chuck Schumer, the Senate majority leader and Democrat of New York, put it on Wednesday...
The history of mergers and acquisitions is filled with ruthless corporate raiders, bruising wars of words and people trying to stiff each other. T. Boone Pickens, the oil tycoon who rampaged through the 1980s, took small stakes in energy companies, attacked management and forced sales of the firms. Carl Icahn, the activist investor, amassed shares of companies and threatened to oust their boards if they did not agree to a deal...
How shareholders are pushing big banks for climate action. So far, many financial institutions have avoided decisive measures...
The shareholder resolution, which had urged the company to pull talc-based baby powder from shelves around the world, stemmed from concerns about asbestos contamination...
Twitter is nearing a deal to sell itself to Elon Musk, two people with knowledge of the situation said, a move that would unite the world’s richest man with the influential social networking service. An agreement could be announced as soon as Monday, the people said...
When the Biden administration unveils its annual budget today, it will propose new ways to raise money from big companies and wealthy executives. One of these ideas could rewrite a fundamental practice in corporate America: stock buybacks...
Estée Lauder said on Monday that it had asked John Demsey, a top executive at the beauty giant, to leave the company after he posted a meme containing a racial slur on his Instagram account...
Big banks are responding to the “Great Resignation” by writing big checks. To keep workers from leaving, Wall Street institutions have been raising pay and bonuses for everyone from senior executives to junior bankers...
Citing a competitive labor market, the online retailer raised the cap on cash compensation for salaried workers to $350,000, from $160,000...
Hertz, the car rental company that went bankrupt at the start of the pandemic, has chosen a prominent banker, Stephen M. Scherr, as its next chief executive. Mr. Scherr, who served as chief financial officer at Goldman Sachs until the end of last year, will take over Hertz and join its board on Feb. 28, the company said in an statement on Friday...
Exxon Mobil, under increasing pressure from investors to address climate change, announced on Tuesday that it had the “ambition” to reach zero net greenhouse gas emissions from its operations by 2050...
Larry Fink’s latest annual letter to corporate America clarifies, and defends, his approach to social and environmental issues at the world’s largest money manager...
Goldman Sachs told its U.S. employees on Sunday to work from home for the first two weeks of the year, joining Wall Street competitors that had already given similar instructions as coronavirus cases have surged...
SoftBank, the Japanese conglomerate that became synonymous with freewheeling spending on unprofitable technology start-ups including WeWork and Uber, is trying to spend less money — starting with one of its own top executives...
In her most substantial day of testimony, Ms. Holmes, the founder of the failed blood testing start-up Theranos, painted herself as someone whose best intentions were misinterpreted...
Ifeoma Ozoma, who accused Pinterest of discrimination, has become a key figure in helping tech employees disclose, and fight, mistreatment at work...
Corporate America has been feeding a stock buyback boom for decades, with companies spending trillions of dollars to repurchase their shares without paying any taxes on those transactions. That could soon change...
Sweetgreen (SG) is expected to go public on November 18, 2021 with a midpoint valuation of $24/share, which would earn the stock an unattractive rating...