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U.S. discount retail chain Big Lots filed for bankruptcy, becoming the latest retail casualty as consumers reined in spending after a postpandemic surge.

The freight railroad said it has opened an investigation into allegations of potential conduct by Alan Shaw that is inconsistent with its code of ethics and company policy.

The activist investor said the share structure gives too much influence to the family of company founder Rupert Murdoch.

The new offer price is 5.7% higher than the previous agreement announced in May.

Northvolt will cut jobs as part of a broad cost-saving plan to streamline the business following a period of aggressive expansion and as the global electric-vehicle market cools.