Business

As US newspapers slide toward abyss, a bidding war breaks out

Even as US newspapers sink toward an abyss, an unusual bidding war has broken out for a major chain, pitting hedge fund operators against civic-minded billionaires seeking to promote a nonprofit model for the struggling industry.

Energy & Green Tech

Recharged: Energy seen as big winner after disastrous 2020

Energy companies spent the first quarter of 2021 recharging from a draining year. Wall Street expects that growth to continue as energy companies and many of the other companies beaten down by the virus benefit from the vaccine ...

Business

Prince Harry joins $1.7 bn US counseling startup

Britain's Prince Harry on Tuesday added to a growing portfolio of post-royal jobs, becoming "chief impact officer" at a San Francisco startup that provides mobile-based coaching, counseling and mentorship.

Business

China asks Alibaba to divest media assets: report

Beijing has asked Chinese e-commerce titan Alibaba to divest its assets in the media sector out of concern over the company's growing public influence, The Wall Street Journal reported Monday.

Business

Biden eyes Big Tech critic for regulatory post: media

President Joe Biden plans to nominate a prominent advocate of breaking up Big Tech firms to a key regulatory post, suggesting an aggressive antitrust stance, media reports said Tuesday.

Business

SoftBank reaches deal with WeWork

Internet investor SoftBank Group said Saturday it reached a settlement with WeWork co-founder Adam Neumann and other investors in the office sharing giant, amid reports that the deal would give the ex-CEO an extra $50 million.

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