Vivendi Shareholders Approve Spinoff of Universal Music

Vivendi SE shareholders approved the French media conglomerate’s plan to spin off its Universal Music Group unit, bringing the world’s largest music company a step closer to becoming its own public entity. With more than 99% approval, shareholders backed the plan to

Wage Gains at Factories Fall Behind Growth in Fast Food

Pay for factory jobs has grown so slowly in the U.S. that manufacturers are having trouble competing with fast-food restaurants. Ann Harten, head of human resources at furniture maker Haworth Inc., said her company is looking beyond the unemployment lines and needs

Resorts World to Open in Las Vegas

LAS VEGAS—The first new megacasino on the Strip in more than a decade, the $4.3 billion Resorts World, opens here this week as throngs of mostly maskless tourists indulge in the city’s famous casinos once again. Malaysia’s Genting Group developed the 3,500-room

Google Faces EU Antitrust Probe of Alleged Ad-Tech Abuses

The EU investigation is also examining Google’s plans to block certain kinds of user-tracking technologies on its platforms. Photo: alain jocard/Agence France-Presse/Getty Images The European Union opened a formal antitrust investigation into allegations that Google abuses its leading role in the advertising-technology

Work Flexibility Is Hardly a Holy Grail

As demand roars back across the U.S. economy and workers are flush with pandemic savings, the little guy is suddenly wielding more power. Zillow, for example, has said it is allowing most employees to permanently work remotely, betting such a policy will

Netflix Strikes Deal With Filmmaker Spielberg

Under the terms of the deal, announced Monday by Netflix and Mr. Spielberg’s Amblin Partners, the studio will make multiple new films for Netflix over the course of the agreement. The pact with Netflix doesn’t affect Mr. Spielberg’s long-term relationship with Comcast

Meatpacking Industry Faces Overhaul Push in Washington

The American meatpacking industry faces stricter oversight in Washington, as lawmakers and regulators push an overhaul of the $213 billion sector following complaints about meat companies’ alleged influence over markets and farmers. The U.S. Department of Agriculture is crafting new rules that

Chinese Port Logjam Threatens Christmas Shipping Rush

The latest obstacle hitting global shipping is likely to jolt trade flows for several more weeks and could delay shipments heading into the year-end holiday shopping season. Shipping executives say around 50 container ships remain backed up around the Yantian port in