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 NEWS: WALL STREET JOURNAL US BUSINESS
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   NEWS: WALL STREET JOURNAL US BUSINESS
Wall Street Journal US Business
Apr 15, 2024

Tesla Plans to Lay Off More Than 10% of Workforce
The electric-vehicle maker is grappling with dimming growth prospects amid an overall slowdown in the growth of electric-vehicle sales.

Wall Street Journal US Business
Apr 15, 2024

Suit Challenging Iowa's Book Ban Is Backed by Every Major Publisher
The rise of book bans nationwide prompted the collective action, the publishers said.

Wall Street Journal US Business
Apr 15, 2024

New York Times Ends Investigation Into Leak Over Gaza Coverage
Times Executive Editor Joe Kahn said the probe found "gaps in the way proprietary journalistic material is handled."

Wall Street Journal US Business
Apr 15, 2024

Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.

Wall Street Journal US Business
Apr 15, 2024

Lufthansa Cuts Earnings Guidance After Strikes Take Toll
The German carrier group said strikes by employees within the group and also by employees at partners hit earnings by around €350 million.

Wall Street Journal US Business
Apr 15, 2024

Hybrids Extend Lead Over EVs in Green Vehicle Race
Toyota surges, Tesla slumps as car buyers reassess their options for electrified models.

Wall Street Journal US Business
Apr 15, 2024

Apple's Smartphone Sales Slump as China Rivals Rise
Apple's global smartphone shipments fell sharply in the first quarter, according to a closely followed research firm, toppling the iPhone maker from its perch as the world's largest phone maker.

Wall Street Journal US Business
Apr 15, 2024

Big Oil Companies Warm to Biden After Years of Bad Blood
Once a favorite foil of the White House, some U.S. oil executives have reached an unlikely truce with the president's lieutenants.

Wall Street Journal US Business
Apr 15, 2024

CVC Confirms Amsterdam IPO Plan
Global buyout firm CVC said it plans to float on Euronext Amsterdam, raising $266 million in new money from the IPO.

Wall Street Journal US Business
Apr 15, 2024

BNP Paribas Buys Fosun's Stake in Ageas
BNP Paribas is buying Fosun's 9% shareholding in Belgium insurer Ageas for roughly $777 million.

Wall Street Journal US Business
Apr 14, 2024

The Home-Solar Boom Gets a 'Gut Punch'
The nation's biggest residential solar market is tanking and installations could decline 13% nationwide, despite a clean energy push.

Wall Street Journal US Business
Apr 14, 2024

A Day in the Life of a Walmart Manager Who Makes $240,000 a Year
Nichole Hart walks 20,000 steps as she searches for super glue, encounters a disappointed Snoop Dogg fan and juggles staff. "The hardest thing is the uncertainty," she says.

Wall Street Journal US Business
Apr 14, 2024

GE Sells Crotonville, a Training Ground for Generations of Managers
The site where former CEO Jack Welch once held lectures in a sunken auditorium known as "The Pit" will become a conference center. 3M and Boeing are still looking to unload campuses.

Wall Street Journal US Business
Apr 13, 2024

$850 Millennium Falcons and $680 Titanics: Grown-Ups Are Now a Gold Mine for Lego
Adult fans of Lego, known as AFOLs, are big business; "Nowadays it's not so geeky."

Wall Street Journal US Business
Apr 13, 2024

When Will Elon Musk's Driverless Car Claims Have Credibility?
After Musk sets a date for the robotaxi reveal, Tesla investors are left parsing what's near term and what's aspirational.

Wall Street Journal US Business
Apr 13, 2024

The Threat in Disney's Backyard
Universal is expanding its parks, mobilizing Harry Potter, Super Mario and an army of Minions

Wall Street Journal US Business
Apr 13, 2024

Inside Amazon's Push to Crack Trader Joe's---and Dominate Everything
A secret war room and other tactics fueled the retail giant's rise

Wall Street Journal US Business
Apr 12, 2024

The 18 Handicap Who's Spending Billions on Golf
The investor behind TaylorMade and Tiger Woods's new Sun Day Red line is making an unlikely bet on the golf boom. Will it pay off?

Wall Street Journal US Business
Apr 12, 2024

Inside Taylor Swift's Surprise Return to TikTok
The pop star is planning a TikTok marketing campaign for "The Tortured Poets Department" album launch even as her label and the social-media platform remain in a stalemate over royalties.

Wall Street Journal US Business
Apr 12, 2024

China Tells Telecom Carriers to Phase Out Foreign Chips in Blow to Intel, AMD
The move is the latest installment in a U.S.-China technology war that is splintering the global chip industry.

Wall Street Journal US Business
Apr 10, 2024

Four Paramount Directors to Step Down as Company Discusses Skydance Merger
The directors' expected departures come at a sensitive time for Paramount Global.

Wall Street Journal US Business
Apr 10, 2024

Switzerland Moves to Hike UBS Capital Requirements
Switzerland said UBS will have to hold substantially more capital under new rules aimed at preventing a repeat of Credit Suisse's near-collapse last year.

Wall Street Journal US Business
Apr 10, 2024

Macy's Adds Two Directors Backed by Investor to Its Board
The new members will help evaluate the investor group's proposal to acquire the retailer.

Wall Street Journal US Business
Apr 10, 2024

Biggest Gains in Employee Engagement in the Management Top 250
ON Semiconductor heads the list, followed by S&P Global and KBR

Wall Street Journal US Business
Apr 10, 2024

Explosion at Enel Hydroelectric Plant Kills at Least Three
Rescuers in Italy were searching for four missing workers after an explosion at a hydroelectric power plant owned by Rome-based energy group Enel killed at least three people.

Wall Street Journal US Business
Apr 10, 2024

Roblox Users Battle Tornadoes and Raise Pets. Will They Watch Ads, Too?
The online-entertainment company is hiring ad-tech player PubMatic to help juice sales of new video ads displayed on virtual billboards.

Wall Street Journal US Business
Apr 10, 2024

Chinese EV Maker XPeng Makes Inroads in Hong Kong, Macau
Chinese electric-vehicle maker XPeng is gearing up to sell its cars in Hong Kong and Macau, part of efforts to expand beyond the overcrowded market in mainland China.

Wall Street Journal US Business
Apr 10, 2024

Tesco Launches Share Buyback, Expects Higher Profit
Tesco launched a $1.27 billion share buyback and said it expects profit to rise in the year ahead, signaling improving consumer demand as inflation tapers off.

Wall Street Journal US Business
Apr 10, 2024

Jack Ma Praises Alibaba's Leadership, Restructuring
The Alibaba co-founder praised the company's leadership and the ongoing restructuring in a memo to employees, a rare move for the billionaire since stepping away from the spotlight in recent years.

Wall Street Journal US Business
Apr 10, 2024

7-Eleven Owner Weighs IPO of Superstore Business
The Japanese owner of 7-Eleven, Seven & i Holdings, is considering listing its superstore business as part of efforts to focus on its convenience-store segment.

Wall Street Journal US Business
Apr 10, 2024

Bang & Olufsen to Adjust Investments as Europe, China Markets Struggle
Bang & Olufsen will continue to target a larger share of higher margin revenue but it will adjust the timing and size of investments amid challenging market conditions, including in key markets in Europe and China.

Wall Street Journal US Business
Apr 10, 2024

Philips Reaches Final Pact With U.S. Govt. on Ventilator Recall
Philips said it reached a final agreement with the U.S. Justice Department and Food and Drug Administration on terms of a settlement related its Respironics ventilators, and backed its medium-term guidance.

Wall Street Journal US Business
Apr 10, 2024

Indonesian Jelly Gum Maker Mulls Sale
Southeast Asia's largest gummy maker is weighing options for its business, including a sale that could value Indonesia-based Yupi Indo Jelly Gum at about half a billion dollars.

Wall Street Journal US Business
Apr 09, 2024

Blizzard Videogames to Return to China in New NetEase Deal
Blizzard Entertainment will collaborate with China's NetEase to bring its blockbuster game titles back to the mainland Chinese market this summer.

Wall Street Journal US Business
Apr 09, 2024

Esprit in Talks With Private-Equity Firm for Potential Investments
The fashion retailer said the potential investor has expressed interest in a possible partnership.

Wall Street Journal US Business
Apr 09, 2024

GM's Cruise Attempts Comeback for Its Driverless Fleet---With Human Drivers First
The company suspended nationwide self-driving operations last year after California regulators pulled its permit following a crash.

Wall Street Journal US Business
Apr 09, 2024

Australia to Toughen Merger Rules
Australia plans to toughen its corporate merger rules amid regulators' and public concerns that market concentration is restricting competition in key industries and adding to inflation.

Wall Street Journal US Business
Apr 09, 2024

NCAA Women Beat Men in Finals' Ratings for First Time---but Got 99% Less TV Money
The women's college basketball championship game drew 18.9 million viewers vs. 14.8 million for the men's final, fueled by Caitlin Clark's emergence as a superstar.

Wall Street Journal US Business
Apr 09, 2024

Norfolk Southern Agrees to $600 Million Ohio Train Derailment Settlement
If approved, the money could be disbursed to claimants as soon as year's end, says an attorney.

Wall Street Journal US Business
Apr 09, 2024

The Women's College Basketball Tournament Outshone the Men's. But It Got 99% Less TV Money.
Sunday's final was watched by more people than any other basketball game in the past five years, including NBA and NCAA men's events.

Wall Street Journal US Business
Apr 09, 2024

Chemical Plants Must Curb Ethylene Oxide, Chloroprene Emissions Under New EPA Rule
The EPA said the rule, once in effect, will reduce emissions of both chemicals from covered processes and equipment by almost 80%

Wall Street Journal US Business
Apr 09, 2024

Norfolk Southern Agrees to $600 Million Ohio Derailment Settlement
If approved by the court, the agreement will resolve all class-action claims within a 20-mile radius from the East Palestine derailment in February 2023.

Wall Street Journal US Business
Apr 09, 2024

Meet the Robots Slicing Your Barbecue Ribs
The meatpacking industry is investing billions of dollars to automate notoriously difficult jobs.

Wall Street Journal US Business
Apr 09, 2024

Google Expands In-House Chip Efforts in Costly AI Battle
The tech giant is developing new chips to cut reliance on outside vendors as the AI arms race for computing resources intensifies.

Wall Street Journal US Business
Apr 09, 2024

Atos Reaches Interim Financing Deal, Awaits Cash Injection
Atos said it reached an agreement in principle with a group of banks, bondholders and the French State for much-needed liquidity until it strikes a definitive refinancing deal with creditors to cut debt and restore profitability.

Wall Street Journal US Business
Apr 09, 2024

Chevron Exits Myanmar With Withdrawal From Natural Gas Project
Chevron has completed its exit from Myanmar, two years after saying it would depart the troubled Southeast Asian nation in the wake of a military coup.

Wall Street Journal US Business
Apr 09, 2024

China Vehicle Sales Rebound
China vehicle sales rose in March, bouncing back from a weaker showing the prior month, signaling that demand may be turning a corner.

Wall Street Journal US Business
Apr 09, 2024

BP Expects Profit Lift from Output Boost
BP expects a boost to first-quarter profits from higher oil, gas and low-carbon energy production, despite weaker gas prices.

Wall Street Journal US Business
Apr 09, 2024

Imperial Brands Says Outlook on Track
Imperial Brands continues to expect operating profits for the year to be close to the middle of its mid-single digit range, with its first-half performance supported by strong tobacco pricing.and growth in new generation products.

Wall Street Journal US Business
Apr 08, 2024

Tesla Agrees to Settle Lawsuit Over Autopilot's Involvement in 2018 Fatal Crash
The settlement comes days before attorneys were poised to deliver opening statements.

Wall Street Journal US Business
Apr 08, 2024

Esprit's Belgium Unit Files for Insolvency
Fashion retailer Esprit's Belgium subsidiary has filed for insolvency due to rising costs and cash flow difficulties.

Wall Street Journal US Business
Apr 08, 2024

Spirit Airlines to Defer Plane Deliveries and Furlough Pilots
Spirit Airlines is pushing back delivery of Airbus aircraft, prompting pilot furloughs later this year, as the airline looks to boost liquidity following its terminated merger with JetBlue last month.

Wall Street Journal US Business
Apr 08, 2024

Jean Paul Gaultier Owner Puig Plans $3.25 Billion IPO in Spain
Jean Paul Gaultier owner Puig Brands plans to list in Spain through a 3 billion-euro stock sale, or $3.25 billion, that would be the biggest initial public offering globally so far this year.

Wall Street Journal US Business
Apr 08, 2024

Puig Plans Spanish Listing
Beauty group Puig said it plans to raise around $1.4 billion in what would be one of the biggest initial public offerings so far this year.

Wall Street Journal US Business
Apr 08, 2024

Tesla Trial to Size Up Cause of Fatal Autopilot Crash: Driver or Tech
In a wrongful-death suit set for trial this week, a jury will determine who is at fault in a 2018 fatal crash.

Wall Street Journal US Business
Apr 08, 2024

Wildfires Make Utilities a Tricky Investment. Ask Warren Buffett.
More utilities across the West are facing the prospect of significant liability costs as climate change and drought increase risks.

Wall Street Journal US Business
Apr 08, 2024

Wildfires Make Utilities a Tricky Investment. Just Ask Warren Buffett.
More utilities across the West are facing the prospect of significant liability costs as climate change and drought increase risks.

Wall Street Journal US Business
Apr 08, 2024

Alibaba Cloud Slashes Prices for International Customers
Alibaba Cloud is lowering prices for international users as it looks to attract more customers in the era of artificial intelligence, cutting some price tags by up to 59%.

Wall Street Journal US Business
Apr 08, 2024

FAA to Probe Loss of Engine Cover on Southwest Airlines Boeing Jet
The Federal Aviation Administration is investigating an incident in which an engine cover fell off a Southwest Airlines-flown Boeing 737-800 jet during takeoff from Denver.

Wall Street Journal US Business
Apr 07, 2024

Kimberly-Clark to Sell PPE Business to Ansell for $640 Million
Kimberly-Clark will sell its personal protective equipment business to Ansell for $640 million in cash, agreeing to a deal that the Australian company's chief executive said had been under consideration for years.

Wall Street Journal US Business
Apr 07, 2024

Australian Supermarkets Could Face Fines Under New Code of Conduct
Australian supermarkets should be subject to hefty fines under a mandatory code of conduct that oversees how grocers deal with their suppliers, an interim government report has recommended.

Wall Street Journal US Business
Apr 07, 2024

Steelworkers Push Back Against $14 Billion Deal for U.S. Steel as Vote Looms
Nippon Steel is pitching new investment in aging plants to help win the union's support for the planned deal. Union leaders say they are unconvinced.

Wall Street Journal US Business
Apr 07, 2024

What One Employer Found When It Started Providing Child Care
A coffee roastery opened a subsidized facility on site as companies look for ways to keep staff in high-turnover jobs.

Wall Street Journal US Business
Apr 06, 2024

Contaminated Fuel Is a Hard-to-Fix Problem in Ocean Shipping
"Cappuccino" and the improper mixing of oils aboard ships plague the industry as investigators probe the cause of the cargo vessel Dali's crash into Baltimore's Francis Scott Key Bridge.

Wall Street Journal US Business
Apr 06, 2024

Elon Musk Auditions as Corporate Gadfly, Taking Sides Against Disney
The billionaire resembled infamous activist Evelyn Y. Davis in Nelson Peltz's proxy fight.

Wall Street Journal US Business
Apr 06, 2024

Insurers Are Spying on Your Home From the Sky
Companies are using drones to check out roofs or to spot yard debris and undeclared trampolines.

Wall Street Journal US Business
Apr 05, 2024

Will Taking On the Toughest Job at Boeing Win Her the CEO Title?
Stephanie Pope is a 30-year company veteran in the hot seat. ‘Out of failure comes success.'

Wall Street Journal US Business
Apr 05, 2024

The Woman Rallying Teens to Change Social Media
Larissa May goes to schools to teach how to safely use TikTok, Instagram-and to mobilize students to influence policy. "We can't wait for big tech."

Wall Street Journal US Business
Apr 05, 2024

The Inside Tale of Tesla's Fall to Earth
Sales are dropping. It's cutting prices. And its latest big bets have yet to pan out. Can the world's most valuable carmaker get its mojo back?

Wall Street Journal US Business
Apr 05, 2024

Paramount-Skydance Deal Would Give Shari Redstone's Firm Over $2 Billion in Cash
Nonvoting shareholders would receive stock in merged entertainment company under terms being discussed and weighed by a special board committee.

Wall Street Journal US Business
Apr 05, 2024

Boeing Boss Gets $33 Million in Pay for 2023, but No Bonus
Board cuts 2024 executive stock grants and ties bonuses to safety goals in wake of Jan. 5 blowout on 737 jet.

Wall Street Journal US Business
Apr 05, 2024

Jersey Mike's Considers Sale
The sandwich chain has been in talks with Blackstone for a deal that could be worth $8 billion.

Wall Street Journal US Business
Apr 05, 2024

Johnson & Johnson to Buy Shockwave Medical in $13.1 Billion Deal
The healthcare giant said the addition of the medical-device maker would expand its MedTech cardiovascular portfolio.

Wall Street Journal US Business
Apr 05, 2024

Procter & Gamble Recalls Some Laundry-Detergent Packets
The recall affects Tide Pods, Gain Flings, Ace Pods and Ariel Pods liquid laundry-detergent packets packaged in flexible film bags.

Wall Street Journal US Business
Apr 05, 2024

Procter & Gamble Voluntarily Recalling Some Laundry Detergent Packets
The recall affects Tide Pods, Gain Flings, Ace Pods and Ariel Pods liquid laundry detergent packets packaged in flexible film bags.

Wall Street Journal US Business
Apr 05, 2024

Shell Sees Gas Output Above Guidance
Shell said it expects first quarter gas production to beat its previous guidance after a strong start to the year but earnings would be lower than the prior quarter.

Wall Street Journal US Business
Apr 05, 2024

Uniqlo, After Its U.S. Retreat, Plans to Open Dozens of New Stores
Uniqlo plans to open 11 stores in Texas and California this year as part of an expansion that aims for 200 stores in North America by 2027.

Wall Street Journal US Business
Apr 05, 2024

Foxconn Expects Second-Quarter Growth After Higher March Revenue
Foxconn reported higher March revenue, thanks to strong demand for cloud and consumer-electronics products, and said it expects growth in the second quarter despite the impact of a big earthquake that hit Taiwan this week.

Wall Street Journal US Business
Apr 05, 2024

Apple Lays Off 614 Workers After Canceling Car Project
The tech giant announced its first major job cuts since the pandemic on the heels of its decision to cancel its vaunted electric-car project.

Wall Street Journal US Business
Apr 05, 2024

Telecom Italia Secures Finance Until Close of Network Sale
Telecom Italia has signed an agreement for roughly $1.6 billion in bridge financing to cover its needs until completion of a planned sale of its fixed-network unit.

Wall Street Journal US Business
Apr 05, 2024

China Oilfield Services Suspends Operations of Four Mideast Rigs
China Oilfield Services has suspended operations of drilling rigs related to a multibillion-dollar contract in the Middle East, a setback for China's largest offshore drilling contractor in one of its most important international markets.

Wall Street Journal US Business
Apr 04, 2024

LG Electronics Expects Operating Profit to Slide
The South Korean consumer-electronics giant expects its first-quarter operating profit to drop 11%.

Wall Street Journal US Business
Apr 04, 2024

Samsung Forecasts 10-Fold Profit Increase
Analysts expect Samsung's memory-chip business to swing to profit thanks to higher chip prices on brisk demand amid the artificial-intelligence boom.

Wall Street Journal US Business
Apr 04, 2024

British Billionaire Joe Lewis Avoids Prison Time in U.S. Insider-Trading Case
The 87-year-old businessman receives a lenient sentence because of his advanced age and declining health.

Wall Street Journal US Business
Apr 04, 2024

Disney to Crack Down on Password Sharing
The effort is starting with a few countries in June, and a wider rollout is set for September.

Wall Street Journal US Business
Apr 04, 2024

Bird Flu Spreads to Cattle, Raising Fears on Farms
An avian influenza outbreak that has led to the death of about 80 million birds is now sickening dairy cattle, temporarily curbing their milk production.

Wall Street Journal US Business
Apr 04, 2024

How Disney's Bob Iger Vanquished Wall Street Agitator Nelson Peltz
The CEO rolled out of a string of initiatives that helped inoculate the company against the activist's attack.

Wall Street Journal US Business
Apr 04, 2024

Ford Delays New EV to Let Market Further Develop
Ford Motor said it is delaying the launch of a new three-row electric vehicle likely to 2027.

Wall Street Journal US Business
Apr 04, 2024

Alaska Air Receives $160 Million From Boeing
The sum represents initial compensation to make up for lost profits due to January's midair blowout of a door plug.

Wall Street Journal US Business
Apr 04, 2024

Brands Paid for Ads on Forbes.com. Some Ran on a Copycat Site Instead.
Slideshows on a parallel site—which Forbes shut down Tuesday—were loaded with ads and promoted through clickbait-style paid links.

Wall Street Journal US Business
Apr 04, 2024

Amazon Sellers Plagued by Surge in Scam Returns
Merchants receive dirty clothes and used soap instead of returned purchases, a sore point as they say Amazon's policies remain tilted toward customers.

Wall Street Journal US Business
Apr 04, 2024

Nelson Peltz's Disney Consolation Prize: A $300 Million Gain
Trian Partners lost its bid for board seats, but profited on its investment.

Wall Street Journal US Business
Apr 04, 2024

Vodafone, Three Deal Faces More In-Depth Probe
Vodafone planned joint venture with Three will come under greater scrutiny after the U.K.'s competition regulator submitted the deal for a more in-depth antitrust review.

Wall Street Journal US Business
Apr 04, 2024

Airbus Stratospheric Drone Business Open to IPO
An Airbus unit developing high-altitude drones that offer mobile connectivity and Earth observation services could consider an initial public offering after it launches commercial operations in the coming years, its chief executive said..

Wall Street Journal US Business
Apr 04, 2024

Kering Buys Historic Property in Milan Fashion District
Gucci owner Kering is buying a historic building in Milan's fashion district for roughly $1.4 billion, expanding its presence in one of the world's most iconic avenues.

Wall Street Journal US Business
Apr 04, 2024

Kao Corp. Shares Rise After Activist Investor Urges Action to Reach 'Full Potential'
Kao Corp. shares rose sharply after Hong Kong-based activist investor Oasis Management urged the Japanese company to focus on the international growth of its cosmetics and skin-care brands, and tap its full potential.

Wall Street Journal US Business
Apr 03, 2024

Sanofi to Settle Claims That Heartburn Drug Zantac Caused Cancer
The French healthcare company said the deal would require the consent of individual plaintiffs and would take time to conclude.

Wall Street Journal US Business
Apr 03, 2024

Fisker Withdraws Guidance Amid Strategic Options Evaluation
Fisker also disclosed that board member William McDermott had resigned, and appointed John Dubel as his replacement.

Wall Street Journal US Business
Apr 03, 2024

Paramount Enters Exclusive Merger Talks With Skydance, Spurning $26 Billion Offer From Apollo
An agreement would pave the way for an exit by controlling shareholder Shari Redstone.

Wall Street Journal US Business
Apr 03, 2024

Paramount, Skydance Enter Exclusive Merger Talks, Spurning $26 Billion Offer From Apollo
An agreement would pave the way for an exit by controlling shareholder Shari Redstone.

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