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There’s a new parlor game on Wall Street: guessing TikTok’s next owner. President Trump signed an executive order in January that delayed enforcement of a law that banned the popular video app. Under the order, the app must now be sold to a non-Chinese owner by early April. Since he signed the order, Mr. Trump…
The Justice Department on Thursday moved to block Hewlett Packard Enterprise’s $14 billion acquisition of Juniper Networks, the first deal to be challenged by antitrust enforcers during President Trump’s second term. In a lawsuit filed in United States District Court for the Northern District of California, the government said the deal “risks substantially lessening competition…
For more than six years, Amazon Web Services, the world’s largest cloud computing company, provided technical support to deliver TikTok videos to tens of millions of Americans. But over the weekend, Amazon faced a dilemma. A new law was taking effect banning TikTok, owned by the Chinese company ByteDance, in the United States. Tech companies…
For months, the fight for management control of Korea Zinc, a leading metals producer, between its two founding families seemed headed for a dramatic showdown at a shareholder meeting. But instead of a conclusion, the meeting on Thursday launched what could be a prolonged legal battle after a last-minute stock maneuver by Korea Zinc’s chairman,…
In mid-2023, TikTok had just eluded an effort in Congress to ban the video app, the latest Houdini-like escape for the young tech company. For several years, during both Republican and Democratic administrations, lawmakers and officials had trained their sights on the app, saying its Chinese ownership posed a national security risk. Inside TikTok, a…
U.S. securities regulators sued Elon Musk in federal court in Washington on Tuesday in an enforcement action arising from his $44 billion purchase of Twitter, now called X. The lawsuit against Mr. Musk, who has become a close adviser to President-elect Donald J. Trump, is likely to be one of the more contentious final acts…
For years, as oil and gas companies increased production, they hired lots of workers, enriching communities across the United States. That is no longer true. The country is pumping more oil than ever and near-record amounts of gas. But the companies that extract, transport and process these fossil fuels employ roughly 25 percent fewer workers…
A possible new takeover bid for U.S. Steel emerged on Monday, teeing up more turmoil over the once-dominant company’s future after President Biden’s decision to block its acquisition by a Japanese company. Lourenco Goncalves, the chief executive of an American competitor, Cleveland-Cliffs, said his company had “an All-American solution to save the United States Steel…
Constellation Energy, the nation’s largest nuclear power plant operator, has agreed to buy another electricity producer, Calpine, for $16.4 billion, a deal that shows how fast-rising demand for power, partly a result of the data centers technology companies are building for artificial intelligence and other services, is having far-reaching affects on the economy. The cash-and-stock…
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security. The lawsuit, filed in a federal court in Washington, accused Mr. Biden and other…
