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Corporate/Industrial News
Hedge Fund Hestia Seeks Leadership Overhaul at Pitney Bowes
The shareholder is calling for a new chief executive and five new board members at the century-old shipping services company. Source link
Growing CEO Pay Gap Gives New York an Extra Edge Over London
Chief executives of U.S.-listed companies can easily make triple what their U.K. counterparts earn. Source link
Mexican Government to Buy Power Plants From Spain's Iberdrola
The acquisition will increase the state-owned utility’s share of the country’s electricity generation to 55%, the government says. Source link
The New Rules of Layoffs
Call people in or close the office like McDonald’s? Midweek or Friday? Executives weigh the best way to let people go. Source link
China's New Weapon: Dragging Its Feet on Deals Involving American Companies
Beijing has slowed down antitrust reviews of proposed deals by American firms, people close to the process say. Source link
Stellantis, BMW in Talks With Panasonic Over New EV Battery Plants
The cylindrical batteries used by Tesla get a closer look from other car makers. Source link
Who Owns SpongeBob? AI Shakes Hollywood's Creative Foundation
Artificial-intelligence tools raise questions about intellectual property rights that are under scrutiny by courts and entertainment executives Source link
Apple’s Weather App Is Working Again After More Than 14-Hour Outage
Tech Service may have been slow or unavailable, tech company says, without offering reason for outage Source link
Farallon Capital to Wage Proxy Battle at Biotech Firm
WSJ News Exclusive Finance Farallon has nominated three directors to the board of Exelixis Source link
Hype Around Weight-Loss Drugs Shows No Signs of Abating. Neither Do the Ads.
Ads for the likes of Ozempic and Wegovy are spreading through social media feeds, subway stations and TV. Source link