Deadspin Resignations Threaten New Owner’s Turnaround – WSJ

data-module-name=”article.app/lib/module/wsj/breadcrumbs” The sports website Deadspin lost all of its editorial staff this week in an exodus that complicates its new owner’s effort to turn around the former Gawker Media properties acquired a little over six months ago. The new parent company, G/O Media Inc., which comprises about a dozen sites including Gizmodo and the Onion, […]

‘Shooting,’ ‘Bomb,’ ‘Trump’: Advertisers Blacklist News Stories Online – WSJ

Like many advertisers, Fidelity Investments wants to avoid advertising online near controversial content. The Boston-based financial-services company has a lengthy blacklist of words it considers off-limits. If one of those words is in an article’s headline, Fidelity won’t place an ad there. Its list earlier this year, reviewed by The Wall Street Journal, contained more […]

Great Hill Partners Agrees to Acquire Gizmodo Media Group – WSJ

Private-equity firm Great Hill Partners has agreed to acquire Gizmodo Media Group from Univision Communications Inc., the companies said, ending the Spanish-language broadcaster’s foray into English-language digital media. James Spanfeller, the former chief executive of Forbes.com and president of consumer magazines at digital publisher Ziff Davis, will become chief executive of G/O Media Inc., a […]

Plan to Fix Journalism With Cryptocurrency Draws Skepticism – WSJ

The Civil Media Co. bills itself as a solution to some pressing problems in modern journalism, pitching a new cryptocurrency that would help news consumers support quality information and weed out bad actors. So far, the effort isn’t going smoothly. Consumer demand for the new so-called token that the company is selling has been weak […]

U.S. Probing Whether Malaysian Fugitive Laundered Funds to Pay Chris Christie and Trump Lawyer – WSJ

The U.S. Justice Department is investigating whether a fugitive Malaysian financier laundered tens of millions of dollars through two associates and used the funds to pay a U.S. legal team that includes former New Jersey Gov. Chris Christie and a lawyer who represents President Trump, according to people familiar with the matter. Jho Low, the […]

Wells Fargo Employees Altered Information on Business Customers’ Documents – WSJ

Some employees in a Wells Fargo WFC +0.15% & Co. unit that handles business banking improperly altered information on documents related to corporate customers, according to people familiar with the matter. The behavior again raises questions about Wells Fargo’s risk-management practices and controls. The bank has been sanctioned in recent months by federal regulators for problems in these areas […]

Visa to Card Customers: Lose the Signature – WSJ

Visa Inc. is ditching the signature. The largest U.S. card network announced Friday that merchants, starting in April, will no longer be required to make consumers sign for debit and credit-card purchases, signaling the demise for a procedure that was once a linchpin of keeping transactions secure. The other major U.S. networks, Mastercard Inc., MA 0.88% American Express Co. and Discover Financial Services , DFS 0.19% in recent months said they would take […]

The Real Reason CVS Wants to Buy Aetna? Amazon – WSJ

Amazon.com Inc. AMZN -0.05% has struck again. Only this time the internet giant is shaking up an industry it hasn’t yet entered. Amazon’s potential entry into the pharmacy-services industry helped spur CVS HealthCorp.’s CVS -2.94% $66 billion bid for insurance giant Aetna Inc., AET 11.54% according to a person familiar with the matter. An acquisition of a major insurer was among roughly a dozen strategies CVS’s management team […]

If You Have 29 Credit Cards, You’re Probably a Millennial – WSJ

When Kyle Allen gets home from work each day, he heads straight for his mailbox. “It does give me a rush,” says the 29-year-old financial analyst from Orlando. What he hopes to find is yet another offer for a new credit card. He and his wife together have 40 of them and have earned, so […]

Real Estate Is Latest Target for Would-Be Disrupters – WSJ

A real-estate startup called Compass Inc. has hired hundreds of sales agents away from older rivals, collected $225 million from marquee investors and amassed a valuation of over $1 billion, all with the pitch that its software can make brokers more efficient. Real-estate veterans say they’re baffled by how the four-year-old firm, active in only […]