Japan’s Cabinet Approves $122B Stimulus Package
The country has struggled with a slump of exports, a sales tax hike in October, and natural disasters.
Expedia CEO, CFO Resign After Disagreement with Board
Chairman Barry Diller said senior management and the board disagreed on strategy.
Cleveland-Cliffs to Buy AK Steel in $1.1B Stock Deal
The steelmaker has been pummeled amid trade uncertainty.
Black Friday Online Sales Reach Record $7.4B
Consumers made $2.9 billion in purchases from their smartphones, a record for mobile sales.
Silver Lake Buys $500 Million Stake in Manchester City Owner
“Within world football, this is almost certainly the largest ever sports enterprise valuation.”
EBay to Sell StubHub to Viagogo for $4B
Viagogo CEO Eric Baker co-founded StubHub in business school and left before it was sold to eBay.
Luxury Retailer LVMH to Buy Tiffany for $16.2B
The announcement comes after the jeweler rejected an offer last month.
Bumble Bee Files for Chapter 11 Bankruptcy Protection
The company announced an agreement to sell assets amid legal woes.
Big Banks Would Undergo Climate Stress Test Under Proposed Legislation
The tests would measure the banks’ resilience to climate-related financial risk.
DoorDash Sued Over Tipping Practices
The company allegedly took millions of dollars in customer tips meant for delivery people and used them to cover base pay.
Energy Startup Creates Solar Energy Hot Enough for Industrial Processes
Heliogen, backed by Bill Gates, has achieved temperatures suitable for cement and steel production.