May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
The Wall Street Journal is offering all employees in its news division the option to take buyouts, according to an internal memo obtained by CNBC.
Reuters first reported the news on Friday.
The paper, which is owned by News Corp., is "seeking a substantial number of employees" to take the buyouts, according to a memo from Gerard Baker, its editor-in-chief.
"In order to limit the number of involuntary layoffs, we will be offering all news employees around the world — management and non-management — the option to elect to take an enhanced voluntary severance benefit," Baker said in the memo.
Baker said employees interested in accepting the buyout must email the human services department by October 31, stating as follows: "I [NAME] elect to be considered for the WSJ News Department voluntary severance benefit. "
Baker said in the memo the Journal reserves the right to reject a volunteer based on business considerations, and commended the news department on its "world-class journalism."
"I regret of course the need for such a move and I appreciate deeply the dedication all of you continue to show through challenging times, " he said. "I'm confident this process is the right one to set us on the right footing for renewed growth in the years ahead. "
News Corp. and Dow Jones did not immediately respond to CNBC's request for comment.
An accidental reply-all email subsequently revealed that Barron's, a sister publication of the Journal, is planning on announcing layoffs next week, Politico reported.
"The email Gerry Baker just sent about wsj buyouts says that dj is offering 1.5x the standard buyout package," Ed Finn, editor and president of Barron's, wrote in reply to the earlier memo. "Are we planning to go to the employees we are laying off at Barron's next week and offer them 1x the standard package. That could create some problems. Please advise."
Finn told Politico that he had intended to send the email to company executives, but hit reply all instead of forward, sending it to the Journal's staff.
During its last earnings conference call, News Corp. CFO Bedi Ajay Singh told analysts, that "domestic advertising at The Wall Street Journal declined around 12 percent versus the prior-year quarter with declines in print being partially offset by modest growth in digital " while circulation revenue grew 5 percent at the paper.