Divestments

Marketers looking to connect with consumers in the virtual world have been exploring two popular metaverse platforms. The metaverse is a term for virtual worlds where people can play games and attend events via a digital avatar. To showcase…

BP BP -6.35% PLC’s abrupt unwinding of Russia ties that were 30 years in the making shows the mounting risks Western companies face doing business there—and the mess they can face getting…

TOKYO— Toshiba Corp. TOSYY 0.92% revised its restructuring plan and said it wants to split into two parts instead of three, hoping to end a fight with foreign…

Facebook’s ambitious effort to bring cryptocurrency to the masses has failed. The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and…

AT&T Inc. swung to a fourth-quarter profit as the company improved its wireless revenue and shed the burden of its customer-losing pay-TV business in 2021. The wireless-and-broadband internet provider…

International Business Machines Corp. IBM 0.31% has agreed to sell the data and analytics assets from its Watson Health business to investment firm Francisco…

SINGAPORE—France’s TotalEnergies SE TTE -2.18% said it is withdrawing from Myanmar over shareholder pressure and a deteriorating human-rights situation since the country’s military seized…

An activist investor is renewing a push to get department-store chain Kohl’s Inc. KSS -1.93% to take action to boost its lagging stock. Macellum Advisors…

Citigroup Inc. agreed to sell its consumer-banking franchises in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank Ltd. , advancing its…

Shares of many Chinese internet companies tumbled again in Hong Kong on Wednesday, after industry giant Tencent Holdings Ltd. TCEHY -4.48% sold a $3 billion stake in one of its highflying…