Emily Glazer
Emily Glazer
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Credit Suisse had surprise $20 billion exposure to Archegos investments

Credit Suisse had surprise $20 billion exposure to Archegos investments

Credit Suisse Group AG amassed more than $20 billion of exposure to investments related to Archegos Capital Management, but the bank struggled to monitor them before the fund was forced to liquidate many of its large positions, according to people familiar with the matter. The U.S. family investment firm’s bets on a collection of stocks swelled in the lead-up to , but parts of the investment bank hadn’t fully implemented systems to keep pace with Archegos’s fast growth, the people said.Credit Suisse Chief Executive Thomas Gottstein, and Chief Risk Officer Lara Warner, who recently departed...

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Apr 21
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Big Tech Employees Opened Wallets for Biden Campaign

Big Tech Employees Opened Wallets for Biden Campaign

Skip to Main ContentSkip to SearchByandWASHINGTON—Employees of big technology firms were , newly released campaign finance records show, eclipsing donations from employees at traditional Democratic fundraising sources such as banks and law firms.Employees of Google’s parent, Alphabet Inc., and Microsoft Corp. , Amazon.com Inc., Apple Inc. and Facebook Inc. were the five largest sources of money for Mr. Biden’s campaign and joint fundraising committees among those identifying corporate employers, according to a Wall Street Journal analysis of campaign finance reports.Mr. Biden’s presidential...

Feb 22
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WSJ News Exclusive | Exxon, Chevron CEOs Discussed Merger

WSJ News Exclusive | Exxon, Chevron CEOs Discussed Merger

Skip to Main ContentSkip to SearchBy,andThe chief executives of Exxon Mobil Corp. and Chevron Corp. spoke about combining the oil giants after the pandemic shook the world last year, according to people familiar with the talks, testing the waters for what could be one of the largest corporate mergers ever.Chevron Chief Executive Mike Wirth and Exxon CEO Darren Woods discussed a merger following the , which and put enormous financial strain on both companies, the people said. The discussions were described as preliminary and aren’t ongoing but could come back in the future, the people...

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Feb 1
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Some CEOs Fire Rioters, Call for Trump’s Removal From Office

Some CEOs Fire Rioters, Call for Trump’s Removal From Office

Skip to Main ContentSkip to Searchhttps://www.wsj.com/articles/some-ceos-fire-rioters-call-for-president-trumps-removal-from-office-11610070410ByandIn the wake of the riot at the Capitol, companies moved to cut ties with President Trump and his supporters and fired workers who participated.Facebook Inc. and Canada-based Shopify Inc. associated with Mr. Trump’s campaign and businesses. Publisher Simon & Schuster said it would bySen. Josh Hawley,a key backer of Mr. Trump’s election claims. Dozens more executives and trade groups denounced the takeover of the Capitol and called for the removal...

Jan 8
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Disney’s Chairman Robert Iger Is Game for a New Job: U.S. Ambassador to China

Disney’s Chairman Robert Iger Is Game for a New Job: U.S. Ambassador to China

Skip to Main ContentSkip to SearchBy,andWalt Disney Co. executive chairman Robert Iger has told people close to the incoming Biden administration that he would be interested in serving as U.S. ambassador to China, according to people familiar with the matter.Mr. Iger, who for 15 years until being earlier this year, would be an unorthodox choice for a posting that typically goes to governors and senators. Lawmakers on both sides of the aisle have criticized Disney’s business dealings in China or have questioned whether President-elect Joe Biden would be sufficiently tough on Beijing, so his...

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Dec 18
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How Russia Today Skirts High-Tech Blockade to Reach U.S. Readers

How Russia Today Skirts High-Tech Blockade to Reach U.S. Readers

Skip to Main ContentSkip to Searchhttps://www.wsj.com/articles/how-russia-today-skirts-high-tech-blockade-to-reach-u-s-readers-11602078094By,andOn any given day over the past two years, visitors to the home page of RealClearPolitics were likely to see its famous average of political polls, a roundup of news and center-right commentary—and, near the bottom, a link or two to stories from RT.com. The provenance of the RT headlines was obscured. Readers didn’t immediately know they were clicking on headlines from a Russian state-backed publication that American intelligence officials considered...

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Oct 7
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WSJ News Exclusive | Ireland to Order Facebook to Stop Sending User Data to U.S.

WSJ News Exclusive | Ireland to Order Facebook to Stop Sending User Data to U.S.

Skip to Main ContentSkip to SearchByandA European Union privacy regulator has sent Facebook Inc. a preliminary order to suspend data transfers to the U.S. about its EU users, according to people familiar with the matter, an operational and legal challenge for the company that could set a precedent for other tech giants. The preliminary order, the people said, was sent by Ireland’s Data Protection Commission to Facebook late last month, asking for the company’s response. It is the first significant step EU regulators have taken to enforce a July ruling about data...To Read the Full...

September 10, 2020
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FTC Considering Deposing Top Facebook Executives in Antitrust Probe

FTC Considering Deposing Top Facebook Executives in Antitrust Probe

Skip to Main ContentSkip to SearchByandThe Federal Trade Commission is considering taking sworn testimony from Facebook Inc. Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg as part of its investigation into whether the social-media giant has violated U.S. antitrust laws, according to people familiar with the matter. Top Facebook officials are preparing for potential depositions and some are worried about the possibility, a person familiar with the matter said. However, the company now is most immediately planning for Mr. Zuckerberg’s...To Read the Full...

July 17, 2020
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Facebook Removes Trump Campaign Ads for Violating Policy on Use of Hate Symbol

Facebook Removes Trump Campaign Ads for Violating Policy on Use of Hate Symbol

Skip to Main ContentSkip to SearchByFacebook Inc. said it took down posts and ads for President Trump’s reelection campaign because they violated the social-media giant’s policy against “organized hate,” marking the latest confrontation in an escalating battle over how tech companies handle controversial political content. The campaign ads claimed that “Dangerous MOBS of far-left groups” are causing mayhem and destroying cities, and called on supporters to back President Trump’s battle against antifa, a loosely organized activist movement that the White House...Sponsored Offers

June 18, 2020
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