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CWT News5 articles
California Antitrust Scrutiny Intensifies on Paramount-WBD Merger
34 California Democrats push AG Bonta to scrutinize Paramount's $111B Warner Bros. Discovery takeover for antitrust harm, citing job losses and consolidation risks.
Gasoline Prices Defy Oil Drop, California Faces $7.50 Per Gallon
National gasoline averages held above $4 per gallon Wednesday despite falling crude prices, with California drivers facing prices nearing $7.50 in some areas as refinery issues and logistical challenges compound geopolitical pressures.
WBD Shares Dip Amid California Probe, Paramount Deal Faces Scrutiny
Warner Bros. Discovery shares declined 1% Friday, closing at $27.14, as California's attorney general launched an investigation into Paramount's $31-per-share acquisition offer, adding to existing regulatory and financing concerns.
Eddie Bauer Exits California as Store Operator Fails to Find Bankruptcy Buyer
Eddie Bauer's store operator will shutter all 13 California locations after a bankruptcy auction failed to attract a qualified buyer. The closures mark the end of the brand's physical retail footprint in the state.
California Antitrust Review Clouds Paramount's $110B Warner Bros. Discovery Acquisition
California's attorney general has opened an antitrust investigation into Paramount's planned $110 billion acquisition of Warner Bros. Discovery, casting doubt on the merger's timeline and approval.