Category وال استریت ژورنال آمریکا

Steven Cohen in Exclusive Talks to Buy Majority Stake in New York Mets

Steven A. Cohen’s previous bid for the team collapsed earlier this year.

Photo: lucy nicholson/Reuters

For the second time in the past year, billionaire Steven A. Cohen is in the driver’s seat to acquire a majority stake in the New York Mets.

Mr. Cohen—who saw a previous bid for the team collapse earlier this year—has entered exclusive negotiations with the Wilpon family to purchase the club, a person familiar with the matter said. A Mets spokesman said, “We won’t be giving updates on the timeline or process until we are prepared to make a public announcement.”

Mr...

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One of the Brains Behind Tesla Found a New Way to Make Electric Cars Cheaper

Almost every day old iPhones and other used personal electronics arrive by the truckload at a warehouse in Carson City, Nev., where workers crack them open, pull out their batteries and strip them for raw materials.

To JB Straubel, one of the brains behind Tesla Inc., TSLA -1.13% that refuse holds the key to driving the electric car revolution forward—and making the vehicles affordable enough for everyone to own one.

Mr. Straubel, Tesla’s longtime chief technology officer, pioneered the lithium-ion battery powertrain design that helped propel the Silicon Valley company to what is now the highest valuation in the car industry...

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Publishers Brace for Impact From Apple’s New Privacy Controls

Buzzfeed’s CEO says while publishers may feel some effect in the short term, ultimately the industry will adjust.

Photo: Andrew Harrer/Bloomberg News

Privacy changes in Apple Inc.’s AAPL -0.16% new operating system are sending ripples through the digital publishing world, with outlets that rely heavily on advertising bracing for a sizable drop in revenue from iPhone users.

The upgrade, which is set to roll out this fall, will require apps to ask users whether or not they want their web activity tracked. Some publishers worry that most users will opt out, hobbling their ability to show personalized ads in apps and dealing them a blow at a time when the industry is trying to recover from the coronavirus pandemic.

“When every publishe...

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With His TikTok Pursuit, Walmart CEO Seeks to Revamp Retailer Again

For Walmart Chief Executive Doug McMillon, a bid for TikTok would align with many of his personal interests and wider goals for the company.

Photo: Rick T. Wilking/Getty Images

Doug McMillon has worked to remake Walmart Inc. WMT 2.69% since becoming its chief executive six years ago. He has all but stopped building new U.S. stores, spent roughly $20 billion on e-commerce startups and retreated from Brazil and other countries.

The 53-year-old’s latest gambit would be the farthest departure from the company’s traditional roots, trying to turn one of the world’s biggest social-media apps into a Walmart storefront.

Walmart said Thursday it was making a joint bid with Microsoft Corp. for TikTok’s U.S...

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AT&T Is Again Exploring a Deal for DirecTV

Any deal for DirecTV would be sizable, but likely a far cry from the $49 billion AT&T paid for it in 2015.

Photo: karen bleier/Agence France-Presse/Getty Images

AT&T Inc. T 0.47% is taking a fresh look at its DirecTV business, according to people familiar with the matter, exploring a deal for a service wounded by cord-cutting.

The telecom and media giant and its advisers at Goldman Sachs Group Inc. GS -1.16% have been in talks with private-equity suitors about the satellite TV unit, some of the people said. Potential bidders include Apollo Global Management Inc., APO -1.50% which had expressed interest last year, and Platinum Equity, these people said.

The process is at an early stage, and it’s not clear what form any deal wou...

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New Covid-19 Layoffs Make Job Reductions Permanent

American Airlines said that unless it receives more federal aid, it will furlough 17,500 union workers and move forward with 1,500 layoffs in its management ranks this fall.

Photo: Patrick T. Fallon/Bloomberg News

A new wave of layoffs is washing over the U.S. as several big companies reassess staffing plans and settle in for a long period of uncertainty.

MGM Resorts International MGM 4.60% and Stanley Black & Decker Inc. SWK 3.79% recently told some employees furloughed at the outset of the coronavirus pandemic that they wouldn’t be put back on the payroll. And companies bringing back the majority of furloughed workers, including Yelp Inc. YELP 1.91% and Cheesecake Factory Inc., CAKE 8.34% are making reductions as they adjust to the...

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AT&T Exploring a Deal for DirecTV

Any deal for DirecTV would be sizable, but likely a far cry from the $49 billion AT&T paid for it in 2015.

Photo: karen bleier/Agence France-Presse/Getty Images

AT&T Inc. T 0.47% is taking a fresh look at its DirecTV business, according to people familiar with the matter, exploring a deal for a service wounded by cord-cutting.

The telecom and media giant and its advisers at Goldman Sachs Group Inc. GS -1.16% have been in talks with private-equity suitors about the satellite TV unit, some of the people said. Potential bidders include Apollo Global Management Inc., APO -1.50% which had expressed interest last year, and Platinum Equity, these people said.

The process is at an early stage, and it’s not clear what form any deal wou...

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This Park Is My Office. Take Your Picnic Elsewhere.

Since he moved his office outside, Arash Azizi has dealt with rainouts, bird droppings and neck pain so bad that he is thinking about fashioning a harness like the ones used by ballpark vendors so he can keep his laptop screen at eye level.

For the 32-year-old writer and graduate student, these inconveniences are no match for the peace of mind that comes with working in nature after months in coronavirus-induced isolation.

Office chair

“It makes me feel like I’m much more in control of my life,” said Mr. Azizi, who has already set up shop in about a dozen spots spanning all five boroughs of New York.

The urban workforce is hitting America’s beaches, parks, playgrounds and boardwalks...

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Tesla Bulls Bet Big Ahead of Stock Split

A dizzying rally in Tesla Inc.’s TSLA -0.99% shares has unleashed a burst of options activity tied to the stock jumping even higher.

Tesla recently said it would enact a 5-for-1 stock split, making its wildly popular stock even more accessible to individual investors. Trading on a split-adjusted basis will go into effect Monday.

So far, though, access to Tesla stock doesn’t appear to be a problem. Since Aug. 11 when the company unveiled plans for the split, shares have jumped 63%, building on an already impressive surge this year and bringing its market value to more than $400 billion. Tesla shares have more than quintupled this year and closed at $2238.75 Thursday, a record.

Investor...

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How’s the CEO ‘Stakeholder Pledge’ Working Out?

Marc Benioff, chief executive of Salesforce.com Inc., was among the CEOs who signed the Business Roundtable pledge last year.

Photo: David Paul Morris/Bloomberg News

One year and a pandemic ago, a group of nearly 200 of America’s most powerful executives vowed to employ a kinder, gentler way to measure business success.

Shareholders, the Business Roundtable pledged, would be just one of the stakeholder groups that a company would be judged on pleasing. Despite the trying times, boosters say that the ballyhooed effort is flourishing.

In a televised interview this week, Salesforce. CRM -2.41% com Inc. Chief Executive Marc Benioff called the company’s strong earnings “a victory for stakeholder capitalism...

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