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   NEWS: WALL STREET JOURNAL US BUSINESS
Wall Street Journal US Business
Dec 08, 2022

Costco Sales Growth Cools as Consumers Shift Discretionary Spending
The warehouse retailer posts a year-over-year increase in membership fees.

Wall Street Journal US Business
Dec 08, 2022

Auto-Safety Regulators Seek Answers on Potentially Explosive Air-Bag Inflators
The NHTSA sent letters to car companies this week as part of ongoing investigation that covers an estimated 51 million inflators.

Wall Street Journal US Business
Dec 08, 2022

FTC Sues to Block Microsoft's Acquisition of Activision Blizzard
The antitrust enforcer sued Microsoft to prevent its planned $75 billion deal for Activision Blizzard, taking one of its biggest shots under the Biden administration at halting a merger of technology giants.

Wall Street Journal US Business
Dec 08, 2022

U.S. Regulator Sues Microsoft to Block Activision Acquisition
The Federal Trade Commission seeks to stop the tech giant from ‘harming competition' in the gaming market

Wall Street Journal US Business
Dec 08, 2022

Harry and Meghan Detail Their Grievances in Netflix Series
The couple launched their latest broadside at the British royal family, highlighting the institution's historic links to slavery and the struggle the biracial actress faced integrating into the house of Windsor during a television series for Netflix.

Wall Street Journal US Business
Dec 08, 2022

Exxon Holds Firm on Its Five-Year Spending Outlook
The oil company is resisting the Biden administration's call for more investment to expand production and curb pump prices.

Wall Street Journal US Business
Dec 08, 2022

More Stores Do Double Duty as Distribution Centers for Online Orders
More retailers are packing up goods in stores for delivering e-commerce orders as they look to speed up shipments, streamline inventory and make more use of their bricks-and-mortar sites.

Wall Street Journal US Business
Dec 08, 2022

New York Times Staffers Go on One-Day Strike Amid Stalled Contract Talks
The strike by more than 1,000 New York Times staffers puts the organization in the position of having to cover news for one day without the majority of its reporters.

Wall Street Journal US Business
Dec 08, 2022

Jobless Claims Rise Slightly in Tight Labor Market
Initial jobless claims rose to a seasonally adjusted 230,000 last week, near the 2019 weekly average when the labor market was also robust.

Wall Street Journal US Business
Dec 08, 2022

Foxconn Letter Prodded China to Ease Zero-Covid Rules
The founder of the world's largest iPhone assembler warned that the government's strict policies would threaten its position in global supply chains.

Wall Street Journal US Business
Dec 08, 2022

Gas Prices Fall Below Last Year's Average
The U.S. average for regular unleaded gasoline has declined to $3.32 a gallon, down about 35% from its peak of about $5 earlier in the year.

Wall Street Journal US Business
Dec 08, 2022

When Companies Do Layoffs, Is It Really 'Last In, First Out?'
Employers have long applied the seniority principle to job cuts. That's no longer a given.

Wall Street Journal US Business
Dec 08, 2022

Letter From Top Apple Supplier Foxconn Prodded China to Ease Zero-Covid Rules
Foxconn Technology Group founder Terry Gou warned that the government's strict policies would threaten its position in global supply chains.

Wall Street Journal US Business
Dec 08, 2022

Judge to Hear FTC's Bid to Block Meta Deal
Facebook's parent company faces an antitrust fight over its proposed purchase of startup Within Unlimited.

Wall Street Journal US Business
Dec 08, 2022

Harry and Meghan Detail Their Royal Woes in Netflix Series
The couple launched their latest broadside at the British royal family, highlighting the institution's historic links to slavery and the struggle that the biracial actress faced integrating into the house of Windsor during a tell-all documentary series for Netflix.

Wall Street Journal US Business
Dec 08, 2022

Prices on Lithium Deals Start to Move With the Times
Fixed-price contracts are falling out of favor for the mineral as producers and consumers embrace deals that more readily reflect changes in supply and demand.

Wall Street Journal US Business
Dec 08, 2022

Shanghai Disneyland Reopens as Businesses in China Welcome Covid Easing
Cautious optimism spread across foreign companies operating in China following the easing of some of China's most draconian zero-Covid measures.

Wall Street Journal US Business
Dec 08, 2022

New Dengue Vaccine Approved In Europe
The vaccine from Japanese drugmaker Takeda will provide an alternative to a Sanofi vaccine that has been dogged by safety issues.

Wall Street Journal US Business
Dec 08, 2022

Green Hydrogen Gets Boost in the U.S. With $4 Billion Plant
The planned factory by Air Products and AES will be the biggest facility powered by wind and solar in the U.S.

Wall Street Journal US Business
Dec 08, 2022

Car Dealers Prepare for Softening Demand as Uncertain Outlook Looms
A survey of 1,000 dealers shows their outlook on the market is the lowest it has been in five years.

Wall Street Journal US Business
Dec 08, 2022

The $42 Billion Question: Why Aren't Americans Ditching Big Banks?
Big banks still pay next to nothing on savings, but their customers aren't yet moving much money to higher-yielding alternatives.

Wall Street Journal US Business
Dec 07, 2022

New York Times Staffers to Stage First Strike in Over 40 Years Thursday
More than 1,000 New York Times staffers vowed not to work Thursday, its newsroom union said, marking the first strike in over 40 years at the organization.

Wall Street Journal US Business
Dec 07, 2022

Google Combines Maps and Waze Teams in Restructuring Move
Google plans to combine the team working on the mapping service Waze with the group overseeing the company's Maps product, as the search giant faces pressure to streamline operations and cut costs.

Wall Street Journal US Business
Dec 07, 2022

Apple Plans New Encryption System to Ward Off Hackers
The optional feature would keep most data secure that's stored in iCloud, a service used to back up iPhones or save specific device data such as Messages. The data would be protected in the event Apple is hacked, and it also wouldn't be accessible to law enforcement, even with a warrant.

Wall Street Journal US Business
Dec 07, 2022

TikTok Is Sued by Indiana, Alleging It Misleads Users
Indiana filed two lawsuits against TikTok, alleging it deceives consumers about content and data security—the latest move by state officials to push back against the platform and its China connections.

Wall Street Journal US Business
Dec 07, 2022

Theranos Ex-President Sunny Balwani Sentenced to Nearly 13 Years in Prison
Theranos's former No. 2 executive, Ramesh Balwani, was sentenced to 155 months in prison for his involvement in an elaborate fraud scheme at the blood-testing company.

Wall Street Journal US Business
Dec 07, 2022

Chip and Joanna Gaines Sued by Agent for Breach of Contract
A New York literary agent is seeking millions in damages in a lawsuit against the home renovation couple who made farmhouse chic a major trend.

Wall Street Journal US Business
Dec 07, 2022

Tensions Grew at Salesforce Before Leadership Change
Marc Benioff became frustrated about how his co-CEO Bret Taylor, who is set to exit the role, was spending his time, people familiar with the executives said.

Wall Street Journal US Business
Dec 07, 2022

Musk's Release of Documents Triggers Twitter Lawyer's Exit
Elon Musk said a top Twitter lawyer "was exited," part of the fallout from the billionaire's unusual release of internal communications to criticize prior practices at the company.

Wall Street Journal US Business
Dec 07, 2022

Carvana Shares Tumble as Company Taps Adviser
Top creditors agreed to cooperate with each other in any debt negotiations, a defensive move ahead of a possible capital raise.

Wall Street Journal US Business
Dec 07, 2022

Apple Plans New Encryption System to Ward Off Hackers and Protect iCloud Data
"Advanced Data Protection" would offer end-to-end encryption on iCloud backups, Notes, Photos and other Apple services—a step that may draw ire from law enforcement.

Wall Street Journal US Business
Dec 07, 2022

Washington Post Considers Selling Its Tech Business
The company is exploring a spinoff or sale of Arc XP, an in-house publishing tool that it has turned into a broader software business.

Wall Street Journal US Business
Dec 07, 2022

Southwest to Resume Quarterly Dividend After Two-Plus Years
Airlines are turning a profit as passengers travel in droves, undeterred by higher fares.

Wall Street Journal US Business
Dec 07, 2022

Southwest to Resume Quarterly Dividend Payment After More Than Two Years
Airlines are turning a profit as passengers travel in droves, undeterred by higher fares.

Wall Street Journal US Business
Dec 07, 2022

What's Going on With the Housing Market?
Home buyers and sellers are trying to make sense of a downturn that's full of contradictions: Demand has seized up but supply is still low; prices are sliding but not plummeting; and no one can agree on what comes next.

Wall Street Journal US Business
Dec 07, 2022

Boeing Dealt Setback on New 737 MAX Models
Federal lawmakers dropped a defense-bill provision that would have exempted two of the latest 737 MAX models from a new regulatory requirement set to take effect Dec. 27.

Wall Street Journal US Business
Dec 07, 2022

Washington Post Considers Selling Tech Business It Built Up on Bezos's Watch
The company is exploring a spinoff or sale of Arc XP, an in-house publishing tool that it has turned into a broader software business.

Wall Street Journal US Business
Dec 07, 2022

Bank of Canada Lifts Interest Rates by Half Point
The central bank signaled it is at or near the end of its rapid-fire tightening campaign amid slowing growth and early signs of easing price pressures.

Wall Street Journal US Business
Dec 07, 2022

TikTok Faces U.S. Clampdowns After South Dakota Restrictions
The app was banned from the state's agencies over national-security concerns stemming from its Chinese ownership. Other states are following suit.

Wall Street Journal US Business
Dec 07, 2022

Jeff Bezos's Space Company Bids Again for NASA Moon Lander
A group that includes Blue Origin, Boeing and Lockheed Martin wants to build a craft to transport astronauts to the moon.

Wall Street Journal US Business
Dec 07, 2022

U.S., Europe Need a Grand Bargain on Semiconductors and EVs to Counter China
Allies complained U.S. electric-vehicle subsidies mistreat them, yet rebuffed requests from the U.S. to join its restrictions on chip exports to China.

Wall Street Journal US Business
Dec 07, 2022

Theranos Ex-President Sunny Balwani to Be Sentenced
When Theranos's former No. 2 executive, Ramesh Balwani, is sentenced Wednesday, he may get a longer prison term than his boss, who was at the center of the fraud at the company she founded.

Wall Street Journal US Business
Dec 07, 2022

Campbell Soup Raises Outlook After Sales Rise 15%
Growth was driven by higher prices, though volumes, which have been shrinking as prices rise, fell 1%.

Wall Street Journal US Business
Dec 07, 2022

A Book on Elon Musk's Twitter Takeover Is Already in the Works
"Breaking Twitter" by Ben Mezrich, who wrote the book behind "The Social Network," is the latest example of quick books on current events.

Wall Street Journal US Business
Dec 07, 2022

Chinese Exports Fall at Steep Pace
In an indication of how the country's pandemic restrictions and waning global demand is hitting China's economy, exports fell in November at the sharpest pace in over two years.

Wall Street Journal US Business
Dec 07, 2022

EU Sues China in WTO Over Trade Retaliation on Lithuania
The complaint relates to punitive trade restrictions that Beijing imposed on the European Union country last year after its moves to support Taiwan.

Wall Street Journal US Business
Dec 07, 2022

It's Not Just You: Businesses Are Making Their Phone Numbers Hard to Find
More customer-facing phone numbers are being replaced with chat boxes and virtual reservation systems that can make connecting to an actual human being next to impossible.

Wall Street Journal US Business
Dec 07, 2022

Russian Oil-Price Cap Adds to Fiscal Pressure on Moscow
Fresh Western curbs on Russian crude sales might not affect Moscow's public coffers immediately, but they add financial pressure that threatens the country's sanctions-stricken oil industry.

Wall Street Journal US Business
Dec 07, 2022

Accounting Red Flags Are Common Among Public Crypto Companies
Weak controls and related-party transactions appear in disclosures across the industry.

Wall Street Journal US Business
Dec 07, 2022

Which Side of the Southwest Airlines Seat-Saving Debate Are You On?
The lack of assigned seats and more ways to jump the line can lead to drama.

Wall Street Journal US Business
Dec 07, 2022

GSK, Sanofi Shares Jump After U.S. Judge Dismisses Zantac Lawsuit
Tens of thousands of lawsuits alleged that the heartburn treatment could cause cancer. Complaints are still active in state courts.

Wall Street Journal US Business
Dec 07, 2022

Microsoft Pledges to Put 'Call of Duty' on Nintendo Switch If Activision Deal Is Approved
Microsoft pledged to give Nintendo access to the popular "Call of Duty" games for a decade if its $75 billion deal to buy the game's developer, Activision Blizzard, gets approved.

Wall Street Journal US Business
Dec 06, 2022

Elon Musk's Release of Documents Triggers Twitter Lawyer Jim Baker's Exit
Elon Musk said a top Twitter lawyer "was exited," part of the fallout from the billionaire's unusual release of internal communications to criticize prior practices at the company.

Wall Street Journal US Business
Dec 06, 2022

Jeff Bezos's Space Company Bids Again For NASA Moon Lander, After SpaceX Win
A group that includes Blue Origin, Boeing and Lockheed Martin wants to build a craft to transport astronauts to the moon.

Wall Street Journal US Business
Dec 06, 2022

U.S. Watchdog Sanctions KPMG Firms, Audit Professionals
The PCAOB said misconduct included failing to cooperate with an inspection and cheating on training exams, among other alleged violations.

Wall Street Journal US Business
Dec 06, 2022

Juul Reaches Settlement of Over 5,000 Lawsuits
The deal resolves much of legal uncertainty around the e-cigarette company, which was accused of marketing to children and teens.

Wall Street Journal US Business
Dec 06, 2022

Black Friday Status Dims as Sales in Stores Fall Short
More deals offered by retailers earlier in the season partly account for a decline in foot traffic at bricks-and-mortar shops.

Wall Street Journal US Business
Dec 06, 2022

Pinterest Adds Elliott Executive to Its Board
The activist investor has also entered into a long-term agreement to help the social-media company grow.

Wall Street Journal US Business
Dec 06, 2022

Trump Organization Found Guilty of Criminal Tax Fraud in New York Trial
Former President Donald Trump's family business was convicted of criminal tax fraud, with a jury finding the Trump Organization engaged in an off-the-books compensation scheme to pay some executives in car leases, apartments and cash.

Wall Street Journal US Business
Dec 06, 2022

Brazil, a Bastion of Hydropower, Gains Traction in Wind and Solar
The country's natural resources, including abundant sun and wind, boost the potential return companies can expect from investing in renewables there.

Wall Street Journal US Business
Dec 06, 2022

Honda SUV Engine-Failure Reports Spur Federal Investigation
The claims allege that loss of motive power occurs at highway speed with no warning, according to the top U.S. auto-industry regulator.

Wall Street Journal US Business
Dec 06, 2022

Airbus Warns It Will Miss Full-Year Delivery Target
Plane maker continues to encounter supply-chain issues.

Wall Street Journal US Business
Dec 06, 2022

Everyone in Your Feed Is Talking About ChatGPT and Lensa, and Here's Why
Two internet sensations give non-nerds a turn at artificial intelligence, yielding surprising wit and stunning avatars.

Wall Street Journal US Business
Dec 06, 2022

How a 102-Year-Old Maritime Law Affects Today's Home-Heating Prices
The Jones Act aimed to prop up U.S. industry after World War I, but its limitations result in higher prices for shipments, including home heating oil and natural gas, critics say.

Wall Street Journal US Business
Dec 06, 2022

BuzzFeed Plans to Cut 12% of Workforce
The company blames worsening economic conditions and challenges in the digital-media business.

Wall Street Journal US Business
Dec 06, 2022

Fanatics Hits $31 Billion Valuation in Latest Funding Round
The sports-merchandising company raised about $700 million from a group of investors, including Clearlake Capital, Silver Lake and SoftBank.

Wall Street Journal US Business
Dec 06, 2022

TikTok National-Security Deal Faces More Delays
Officials and executives had hoped for a year-end deal to address national-security concerns over the popular social-media platform.

Wall Street Journal US Business
Dec 06, 2022

Prada Taps Former LVMH Executive as CEO
Designer Miuccia Prada and her husband Patrizio Bertelli are bringing in Andrea Guerra to run the company and groom their son to one day take over.

Wall Street Journal US Business
Dec 06, 2022

Meta's Targeted Ad Model Faces Restrictions in EU
European Union privacy regulators say Facebook and Instagram shouldn't use their terms of service to require users to accept ads based on their digital activity.

Wall Street Journal US Business
Dec 06, 2022

U.S. Opens First Auctions for California Offshore Wind Rights
The projects would bring floating wind turbines to the West Coast, but face significant challenges due to the deep waters off California's coast.

Wall Street Journal US Business
Dec 06, 2022

FTC Asks Kroger for More Information on Albertsons Deal
Regulators scrutinized the $20 billion deal that would merge two of the biggest names in the U.S. grocery industry.

Wall Street Journal US Business
Dec 06, 2022

Oil Price Cap Triggers Tanker Traffic Jam in Turkish Straits
More than a dozen massive oil tankers are stuck near the exit to the Black Sea, the first noticeable disruption to global energy markets after the West imposed a price cap on Russian crude.

Wall Street Journal US Business
Dec 06, 2022

U.S. Trade Deficit Widened in October
The trade gap in goods and services expanded in October to a seasonally adjusted $78.2 billion, up from a revised $74.1 billion in September.

Wall Street Journal US Business
Dec 06, 2022

Supply-Chain Issues Slow Global Arms Sales
China, Asia and Europe close the gap on U.S. companies struggling with parts and labor shortages as the war in Ukraine increases demand.

Wall Street Journal US Business
Dec 06, 2022

Housing Costs, Inflation's Biggest Component, Are Poised to Ease
Surging housing costs helped keep inflation high this year but have likely already swung into reverse, economists say.

Wall Street Journal US Business
Dec 06, 2022

Amazon Kindle Scribe vs. ReMarkable 2: Better Than Pen and Paper---for a Price
Take notes? Consider a distraction-free device with all the benefits of a modern, cloud-based backup.

Wall Street Journal US Business
Dec 06, 2022

NRG Energy to Buy Vivint Smart Home for $2.8 Billion
Deal for Vivint, which offers integrated home systems that include security, lighting and other services, would accelerate NRG's consumer-focused growth strategy.

Wall Street Journal US Business
Dec 06, 2022

HBO Max Comes Back to Amazon Prime Video Channels After Yearlong Absence
Streaming service to be available on Amazon's platform as parent looks to increase revenue.

Wall Street Journal US Business
Dec 06, 2022

HBO Max Comes Back to Amazon's Platform After Yearlong Absence
The streaming service will be available on Amazon Prime Video Channels as its parent looks to increase revenue.

Wall Street Journal US Business
Dec 06, 2022

Google Faces Pressure in Hong Kong Over Search Results for National Anthem
Google is under fire from officials and legislators in Hong Kong over a pro-democracy song showing up in search results for the national anthem.

Wall Street Journal US Business
Dec 06, 2022

Meta's Oversight Board Criticizes VIP User Program
Meta Platforms has long given unfair deference to VIP users of its Facebook and Instagram services under a program called "cross check" and has misled the public about the program, the company's oversight board said in a report.

Wall Street Journal US Business
Dec 06, 2022

Narcan Maker Fast-Tracked for Over-the-Counter Nasal Spray
The FDA's priority review gives opioid-overdose reversal drug an expected approval date of March 2023, company says.

Wall Street Journal US Business
Dec 06, 2022

Narcan-Maker Gets Fast-Tracked for Over-The-Counter Nasal Spray
The FDA's priority review gives opioid-overdose reversal drug an expected approval date of March 2023, company says.

Wall Street Journal US Business
Dec 06, 2022

Theranos Ex-President Sunny Balwani to Be Sentenced Wednesday
The former executive at the blood-testing startup faces a longer prison term than his boss after founder Elizabeth Holmes was sentenced to 11¼ years.

Wall Street Journal US Business
Dec 06, 2022

TSMC Raises Arizona Chip Investment to $40 Billion as Biden Visits
The Taiwan company plans second factory at the U.S. site to make advanced semiconductors.

Wall Street Journal US Business
Dec 05, 2022

Uber Reaches Settlement With Chicago Over Fees and Restaurant Listings
Restaurants were listed without their consent and were charged excessive fees, according to a two-year investigation by the city.

Wall Street Journal US Business
Dec 05, 2022

Taylor Swift Fans Sue Ticketmaster
The lawsuit was among the first filed by Ms. Swift's fans since the sale for the ‘Eras Tour' sparked broad scrutiny.

Wall Street Journal US Business
Dec 05, 2022

Facebook Threatens to Pull News From Platform if Bill Passes Congress
Journalism Competition and Preservation Act is meant to help publishers team up to negotiate payments from tech companies.

Wall Street Journal US Business
Dec 05, 2022

U.S., EU Agree to Coordinate Semiconductor Subsidy Programs
The two sides at a meeting make little progress over U.S. electric-car subsidies, an issue raised by the French president during his White House visit.

Wall Street Journal US Business
Dec 05, 2022

Guns N' Roses Sues Texas-Based Gun Shop Over Name
The band says Texas Guns and Roses violated trademark laws. The store says there's no confusion between the two names.

Wall Street Journal US Business
Dec 05, 2022

Blinken Warns Against Phony Off-Ramp in Ukraine War
Secretary of State Antony Blinken warned that Russia may be looking for a way to step back from Ukraine without negotiating a lasting peace agreement. White House Chief of Staff Ron Klain and Arkansas Sen. Tom Cotton also spoke at the event. Follow live coverage of the annual summit here.

Wall Street Journal US Business
Dec 05, 2022

PepsiCo to Cut Hundreds of Jobs in North America
The layoffs will affect the company's beverage business and its snacks and packaged-foods business, according to people familiar with the matter.

Wall Street Journal US Business
Dec 05, 2022

Oil Price Swings After Russia Cap Kicks In
The West imposed sanctions on Russian crude, pitching the energy conflict with Moscow into an unpredictable new phase that could inject further volatility into global oil markets.

Wall Street Journal US Business
Dec 05, 2022

Nike Severs Ties to Brooklyn Nets Player Kyrie Irving
The sneaker giant took the action after the NBA star was slow to disavow holding anti-Semitic views.

Wall Street Journal US Business
Dec 05, 2022

Nike Severs Its Ties to NBA Player Kyrie Irving
The sneaker giant took the action after the Brooklyn Nets star was slow to disavow holding anti-Semitic views.

Wall Street Journal US Business
Dec 05, 2022

Slack CEO Stewart Butterfield to Depart
Salesforce named current cloud executive Lidiane Jones to run the messaging app.

Wall Street Journal US Business
Dec 05, 2022

AT&T to Pay $6.25 Million to Settle Claims It Tipped Off Wall Street
The Securities and Exchange Commission accused the telecom company of sharing nonpublic financial metrics with analysts.

Wall Street Journal US Business
Dec 05, 2022

VF Corp. Chairman and CEO Steven Rendle Retires
The apparel maker tapped a former Clorox chief as interim leader as it cut its sales and earnings guidance amid flagging demand.

Wall Street Journal US Business
Dec 05, 2022

Hertz to Pay $168 Million to Settle False-Arrest Allegations
The car-rental company has for years grappled with allegations that inventory mismanagement issues have caused it to falsely report some of its cars as stolen.

Wall Street Journal US Business
Dec 05, 2022

Services Come With a Smile, but Economy Could Be Frowning
A weak manufacturing sector alone could be enough to tip the U.S. into recession.

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