Sony, Apollo Make $26 Billion All-Cash Offer for Paramount

Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant....

Disaster Loans Provided a Lifeline. Now Small Businesses Owe Billions in Fees.

The government has referred 860,000 delinquent Covid loans for collection—tacking on billions of dollars in fees for small-business borrowers....

The Universal Music-TikTok Spat Is Over. Here's What Artists Won.

The deal comes after their prior licensing contract expired, prompting Universal to pull all of its artists’ songs off TikTok at the beginning of February....

Layoffs in 2024: A List of Companies Cutting Jobs This Year

The layoffs are expected to be smaller and more targeted than those in 2023....

Former Pioneer CEO Is Accused of Trying to Collude With OPEC

The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe....

Peloton CEO Barry McCarthy to Step Down Amid Fresh Layoffs

An activist investor had called for McCarthy’s ouster and for the fitness-equipment maker to sell itself....

Shell Launches $3.5 Billion Buyback

Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals....

ING Continues Buybacks to Boost Captial Ratio

ING shares rose after the Dutch lender said it plans to buy back up to €2.5 billion of shares and reported a first-quarter profit driven by income from fees and interest rates....

WegovySales More Than Double as Demand Soars

Novo Nordisk raised its full-year guidance to reflect better pricing in the U.S. and as global demand for its hit weight-loss and diabetes drugs continues to outstrip supply....

BYD's First-Quarter Story Is in The Margins

BYD, the world’s largest electric-vehicle maker, paid a price for aggressively cutting prices on its cars, grinding revenue growth to a four-year low in the first quarter. But the bigger story is in its margins....