Tag Archives: Wall Street Journal

China's Tech Entrepreneurs Need to Watch Their Backs

Amazon.com Inc.’s recent bid to acquire Whole Foods Market Inc. inflamed concerns in the U.S. about big tech companies taking over America. In China, that’s already happening. Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are online-offline conglomerates each with hundreds of millions of users. The pair—directly or through companies they invest in—provides services and Read More…

Toshiba Sues Western Digital in Bid to Keep Sale of Chip Unit Alive

TOKYO—Toshiba Corp.’s future turned even murkier as it filed suit to stop a business partner from blocking the sale of its semiconductor business, meant to plug a gaping financial hole. The struggling conglomerate is racing to raise about $20 billion from the sale to a Japanese-government-led consortium—against the opposition of Western Digital Corp., which has Read More…

U.S. Sets New Air Security Measures in Place of Broad Laptop Ban

The Department of Homeland Security mandated new security measures for airlines flying to the U.S., stepping back from a broader ban on traveling with laptops. DHS officials said Wednesday that new requirements will include enhanced screening of passengers and their belongings at foreign airports and new protocols for planes while they are on the ground Read More…

Is Food Giant Nestlé Turning Away From Food?

ZURICH—The world’s biggest packaged-food company may be cutting back on packaged food. Nestlé SA outlined a far-reaching strategic shift this week, days after activist investor Daniel Loeb, who has accumulated a 1.25% stake, asked for big changes. Nestlé promised new investment in its high-growth business like bottled water, coffee, infant nutrition and pet care. It also Read More…

Companies Try to Contain Fallout From Global Cyberattack

Global firms scrambled to cope with fallout from a cyberattack that disrupted computers across Europe and the U.S. A.P. Moeller-Maersk A/S, the world’s biggest container-ship operator, has closed many of its ports around the world. French construction giant Saint Gobain resorted to manually operating some factory gear. The origins of the virus were still unknown Read More…

Google Rivals Cheer EU Antitrust Ruling—But Will It Help?

BRUSSELS—Google’s smaller rivals see a lifeline in the European Union’s decision to fine the Alphabet Inc. company €2.4 billion ($2.7 billion) and order the search giant to remake its shopping service. Companies like British comparison-shopping website Foundem.co.uk blame lost business on Google and cheered the EU’s ruling Tuesday, which followed more than seven years of investigations. Foundem in 2009 lodged the Read More…

Trump to Nominate Attorney William Emanuel to Labor Board

President Donald Trump selected a second Republican, labor-law attorney William Emanuel, to fill a vacant seat on the National Labor Relations Board, the agency refereeing disputes between unions and businesses. The president announced his intent to nominate Mr. Emanuel late Tuesday. If Mr. Emanuel and Mr. Trump’s earlier choice, Washington attorney Marvin Kaplan, both win Read More…