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

Boeing Machinist Strike Adds Cash Crunch to New CEO's Rescue Mission
Ratings firms are warning that a prolonged work stoppage could sink the jet maker's debt into junk status.

Wall Street Journal US Business
Sep 15, 2024

Companies Like to Pit Internal Teams Against Each Other. Bad Idea.
Research suggests that when employees compete, they become less innovative, because they don't want to share ideas with their rivals.

Wall Street Journal US Business
Sep 15, 2024

Air Canada, Pilots' Union Avert Strike With Four-Year Deal
The airline and Air Line Pilots Association reached a tentative labor agreement early Sunday, averting a strike at Canada's biggest airline.

Wall Street Journal US Business
Sep 15, 2024

He Used to Bag Groceries. Now Kroger's CEO Is Trying to Save a $20 Billion Deal.
Rodney McMullen is fighting to save the deal he believes will secure Kroger's future in the next wave of industry disrupters.

Wall Street Journal US Business
Sep 15, 2024

Nippon Steel Finds Unlikely Ally in Pittsburgh Workers
In Pennsylvania's steel country, locals fight to keep their jobs at U.S. Steel even if it means foreign ownership.

Wall Street Journal US Business
Sep 15, 2024

Office Romances Aren't New---Why Are They Still So Complicated?
The affair between Norfolk Southern CEO Alan Shaw and an executive highlights the tricky terrain of workplace dating.

Wall Street Journal US Business
Sep 15, 2024

Railroads Love 'Monster' Trains. Texans Don't.
Freight trains are getting longer—some of them 3 miles or more—and that is making life unpleasant in places like Pleasantville, Texas.

Wall Street Journal US Business
Sep 14, 2024

Disney, DirecTV Reach Deal That Ends ABC, ESPN Blackout
The pact returns Disney's channels to the satellite broadcaster after a nearly two-week stalemate.

Wall Street Journal US Business
Sep 14, 2024

Your Company Is Watching You. And Probably Doing It All Wrong.
Employers often feel like they have to keep an eye on their workers, especially those working remotely. There are bad ways to do it and not-as-bad ways.

Wall Street Journal US Business
Sep 14, 2024

Elon Musk's Quest to Make Men Great Again
A public version of Musk has emerged that embraces an idea of masculinity that is white and heterosexual, with money, success, power and female conquests.

Wall Street Journal US Business
Sep 14, 2024

It's the Epicenter of U.S. Gas Exports, and a Hurricane Magnet
When Francine slammed southern Louisiana, it became the latest storm to hit near an area that has become the epicenter of U.S. LNG exports.

Wall Street Journal US Business
Sep 14, 2024

What Scared Ford's CEO in China
Jim Farley is changing strategy to combat what he calls an ‘existential threat' from China's electric carmakers.

Wall Street Journal US Business
Sep 13, 2024

The New Marketing Head at X Has an Impossible Job
Angela Zepeda ‘loves a big challenge.' Repairing relationships with advertisers at Elon Musk's social-media company will be her biggest yet.

Wall Street Journal US Business
Sep 13, 2024

Apple Has a Hot New Product. It's a Hearing Aid.
The world's most valuable company just turned its top-selling headphones into low-cost hearing aids—and it's quietly a huge moment.

Wall Street Journal US Business
Sep 13, 2024

Why 96% of Boeing's Machinists Voted to Go on Strike
Workers say the plane maker's offer of higher wages doesn't compensate for years of concessions they have made.

Wall Street Journal US Business
Sep 13, 2024

Starliner Astronauts Say NASA Ran Short of Time to Test Boeing Craft
Sunita Williams and Barry Wilmore said they had input into the decision to extend their stay in space to eight months following the Starliner's technical problems.

Wall Street Journal US Business
Sep 13, 2024

Boar's Head Closing Virginia Factory Tied to Deadly Listeria Outbreak
The company said the factory would close indefinitely after nine deaths were linked to the outbreak.

Wall Street Journal US Business
Sep 13, 2024

Canada's Trudeau Says Officials Applying Pressure on Air Canada, Pilots' Union to Reach Deal
Canadian Prime Minister Justin Trudeau said federal officials are applying the required pressure on Air Canada and its unionized pilots to reach a new labor deal and avoid a service disruption at the country's flagship carrier.

Wall Street Journal US Business
Sep 13, 2024

PwC China Hit With Six-Month Ban Over Evergrande Crisis
Chinese regulators said the firm failed to maintain professional skepticism for its work related to the country's recent real-estate bust.

Wall Street Journal US Business
Sep 13, 2024

As Temperatures Rise, Companies Turn to Technology to Cool Down Workers
New tools include apps that detect heat stress and clothing made with cooling fabrics.

Wall Street Journal US Business
Sep 13, 2024

Waymo to Offer Self-Driving Cars on Uber in Austin and Atlanta
The latest partnership between the companies comes as self-driving cars are gaining traction.

Wall Street Journal US Business
Sep 13, 2024

United Airlines Taps Elon Musk's Starlink for In-Flight Wi-Fi
The carrier plans to outfit its entire fleet with SpaceX satellite internet service as airlines see satellites providing faster, more consistent connections.

Wall Street Journal US Business
Sep 13, 2024

Americans Clicked Ads to Get Free Cash. Their Health Insurance Changed Instead.
Facebook, Snapchat ads promise people $6,400 to switch insurers.

Wall Street Journal US Business
Sep 13, 2024

Boeing Union Goes on Strike, Halting 737 Production
The company's largest union rejected a contract that called for a 25% pay increase, dealing a financial blow when the plane maker is bleeding cash.

Wall Street Journal US Business
Sep 13, 2024

Vodafone-Three Deal Raises Pricing, Competition Issues, Regulator Says
Vodafone's agreement to merge its U.K. business with rival operator Three raises competition concerns, the U.K.'s antitrust authority said, creating uncertainty on a deal poised to shake up the country's telecommunications market.

Wall Street Journal US Business
Sep 13, 2024

China's Midea to Raise $4 Billion in Hong Kong's Biggest Listing This Year
The appliance giant's listing has been watched closely as Hong Kong, once the world's hottest IPO market, looks to attract more listings after suffering a slowdown.

Wall Street Journal US Business
Sep 13, 2024

Mitsubishi Corp. in Talks to Buy Stake in Exxon Mobil's Texas Project
Mitsubishi Corp. is in talks to buy a stake in Exxon Mobil's project in Baytown, Texas, which aims to be the world's largest low-carbon ammonia facility.

Wall Street Journal US Business
Sep 13, 2024

Korea Zinc Shares Hit Record High After MBK's $1.5 Billion Tender Offer
MBK Partners, a Seoul-based private-equity firm, launched a $1.5 billion tender offer to secure a controlling stake in nonferrous-metal producer Korea Zinc, sending the smelter's stock to a record high

Wall Street Journal US Business
Sep 13, 2024

Boeing Union Votes to Strike
The company's largest union rejected a contract that called for a 25% pay increase, halting production of 737 jets.

Wall Street Journal US Business
Sep 12, 2024

Air Canada Talks With Pilots Union Hit Impasse, CEO Rousseau Says
The airline has said it could begin winding down operations as early as this weekend in anticipation of a strike.

Wall Street Journal US Business
Sep 12, 2024

Ballard Announces Restructuring to Lower Total Operating Expenses by More Than 30%
The restructuring comes about as the company works to maintain balance sheet strength amid a slowdown in hydrogen infrastructure development and delayed fuel cell adoption, it said.

Wall Street Journal US Business
Sep 12, 2024

Amazon Boosts Pay for Its Drivers Following Threats to Unionize
Amazon says it is investing about $2 billion into its delivery services program that will boost average driver pay to nearly $22 an hour.

Wall Street Journal US Business
Sep 12, 2024

Microsoft Hires GE's Ex-Finance Chief Happe to Lead Operations
Carolina Dybeck Happe will take on the newly-created role of executive vice president and chief operations officer

Wall Street Journal US Business
Sep 12, 2024

The Little-Known Company That Gives Its Employees a Real Voice
Most of the top 10 companies in our rankings of employee engagement are household names. Then there's Prologis.

Wall Street Journal US Business
Sep 12, 2024

Warner Bros. Discovery Signs New Distribution Deal With Charter
The new multiyear pact will increase the overall fees Charter pays to carry Warner Discovery channels such as CNN, Food Network and TBS.

Wall Street Journal US Business
Sep 12, 2024

Sibanye-Stillwater Cuts Guidance, Swings to Wider-Than-Expected Net Loss
Sibanye-Stillwater cut its gold production guidance for the year and posted a swing to a wider net loss than analysts had expected for the half year.

Wall Street Journal US Business
Sep 12, 2024

Verizon to Post $1.4 Billion Severance Charge After 4,800 Workers Take Buyout
Verizon Communications will book a third-quarter severance charge of up to $1.4 billion after roughly 4,800 employees accepted a buyout offer.

Wall Street Journal US Business
Sep 12, 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
Sep 12, 2024

Dow Shares Retreat on Weak Forecast for 3Q
Dow said its third-quarter results are expected to come in lower after an unplanned event in late July at an ethylene cracker in Texas.

Wall Street Journal US Business
Sep 12, 2024

Boeing CEO Kelly Ortberg Pleads With Union Not to Strike
The company's largest union votes Thursday on a tentative agreement that calls for a 25% pay increase and commits Boeing to building its next plane in the unionized Pacific Northwest.

Wall Street Journal US Business
Sep 12, 2024

Mastercard to Acquire Insight Partners' Recorded Future for $2.65 Billion
Mastercard agreed to acquire threat-intelligence company Recorded Future from Insight Partners for $2.65 billion, in an effort to expand its cybersecurity services.

Wall Street Journal US Business
Sep 12, 2024

SpaceX Astronauts Conduct Spacewalk, Putting New Spacesuits to Test
Billionaire Jared Isaacman is helping to fund the first-ever commercial spacewalk that will test new SpaceX-designed suits.

Wall Street Journal US Business
Sep 12, 2024

General Mills to Sell North American Yogurt Business for $2.1 Billion
General Mills said it agreed to sell its North American yogurt business to French dairy companies Lactalis and Sodiaal in cash deals valued at an aggregate $2.1 billion.

Wall Street Journal US Business
Sep 12, 2024

Norfolk Southern's CEO Survived an Activist Attack. Then Came Talk of an Affair.
Alan Shaw was fired after a board investigation found that he and the legal chief had a romantic relationship.

Wall Street Journal US Business
Sep 12, 2024

GM, Hyundai Explore Joint Car Development
The carmakers say the potential collaboration could help cut costs by teaming up on new models, including electric and hydrogen-powered vehicles.

Wall Street Journal US Business
Sep 12, 2024

Swisscom's $9 Billion Vodafone Italia Buy Probed by Regulator
The Italian competition regulator has opened an in-depth investigation into Swisscom's acquisition of Vodafone Italia.

Wall Street Journal US Business
Sep 12, 2024

Swisscom's $9 Billion Vodafone Italia Deal Probed by Regulator
The Italian competition regulator has opened an in-depth investigation into Swisscom's acquisition of Vodafone Italia to assess whether the deal complies with the country's antitrust rules.

Wall Street Journal US Business
Sep 12, 2024

SpaceX Astronauts Set for Private Spacewalk
Billionaire Jared Isaacman is helping to fund the first-ever commercial spacewalk that will test new SpaceX-designed suits.

Wall Street Journal US Business
Sep 11, 2024

The Family Rift Driving Rupert Murdoch to Redo His 'Irrevocable' Trust
A yearslong succession drama is heading for its series finale in a Nevada court. The four oldest children are facing off over control of media empire.

Wall Street Journal US Business
Sep 11, 2024

Nine CEO to Leave Ahead of Report on Media Group's Workplace Culture
Nine Entertainment Chief Executive Mike Sneesby will step down at the end of the month ahead of the release of an independent review into the Australian media conglomerate's workplace culture.

Wall Street Journal US Business
Sep 11, 2024

Top Jeep Dealers Blame CEO for 'Disastrous Choices'
A sharply worded letter from a dealer advisory group to Stellantis Chief Executive Carlos Tavares urged action on sagging sales.

Wall Street Journal US Business
Sep 11, 2024

Western Firms That Flocked to China Are Now Pulling Back
As China's growth slows and the difficulty of doing business there rises, Western companies have stopped plowing money into the country.

Wall Street Journal US Business
Sep 11, 2024

VW and Germany Were Great for Each Other. Now They're Not.
Both the carmaker and its home country are suffering from high costs, eroding tech leadership and a reliance on China.

Wall Street Journal US Business
Sep 11, 2024

Kevin Plank Broke Under Armour. Can He Fix It?
The CEO said the brand has suffered from executive turnover and strategy shifts, but more than half a dozen former executives said he was responsible for much of the turmoil and complexity.

Wall Street Journal US Business
Sep 11, 2024

Rentokil Shares Plunge After Profit Warning
Rentokil Initial cut its forecast for adjusted profits for the year, warning that it expected a slower rate of organic revenue growth at its North American business.

Wall Street Journal US Business
Sep 11, 2024

UniCredit Takes 9% Stake in Commerzbank
The Italian bank—one of the biggest in the eurozone—said it would engage with Commerzbank about value-creating opportunities and request authorization to potentially exceed a 9.9% shareholding at a later date.

Wall Street Journal US Business
Sep 11, 2024

News Corp's REA Says $7.3 Billion Offer Rebuffed by Rightmove
News Corp-controlled REA Group will have to sweeten the deal after U.K. counterpart Rightmove rebuffed its initial $7.32 billion approach.

Wall Street Journal US Business
Sep 11, 2024

Lithium Miners Shares Surge on Possible CATL Supply Cut
Shares of lithium producers rose on possible suspension of some lithium mining and production operations by the world's biggest maker of batteries for electric vehicles.

Wall Street Journal US Business
Sep 10, 2024

How to Break Up With Your Career
The study of relationships can teach us a lot about the right way to fall out of love with your job—and find a new, more fulfilling one.

Wall Street Journal US Business
Sep 10, 2024

Southwest Airlines Overhauls Board Amid Activist Pressure
Executive Chairman Gary Kelly plans to retire as part of a shake-up of the airline's board, under pressure from activist investor Elliott Management.

Wall Street Journal US Business
Sep 10, 2024

Campbell Soup to Seek Name Change, Sets Growth Targets
The food company plans to change its name to The Campbell's Company and said it expects long-term organic net sales growth of 2% to 3%.

Wall Street Journal US Business
Sep 10, 2024

Starbucks's New CEO Targets Hectic Stores, Overwhelming Menus
Brian Niccol says the chain must improve filling orders on time and make its cafes more welcoming.

Wall Street Journal US Business
Sep 10, 2024

BMW Cuts Profit Margin, Deliveries Forecasts
BMW lowered its sales and earnings targets, saying expensive measures to fix a braking-system problem and muted demand in the world's largest car market would dilute its bottom line.

Wall Street Journal US Business
Sep 10, 2024

Apple Loses Court Battle Over $14 Billion Irish Tax Bill
Apple and Alphabet's Google lost attempts to overturn multibillion-dollar rulings in the EU, as authorities there continued efforts to rein in alleged abuses by big tech companies.

Wall Street Journal US Business
Sep 10, 2024

After EVs, China Seeks to Dominate AI-Powered Autonomous Driving
The nation's top carmakers and technology companies are stepping up plans for end-to-end AI driving.

Wall Street Journal US Business
Sep 10, 2024

EU Top Court Upholds $2.7 Billion Fine Against Google Over Search Results
The European Union's top court upheld a fine of $2.7 billion that EU antitrust officials imposed on Alphabet's Google over how its comparison-shopping service fares in search results.

Wall Street Journal US Business
Sep 09, 2024

Battery Maker Northvolt to Cut Jobs Amid Cooling EV Market
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.

Wall Street Journal US Business
Sep 09, 2024

Squarespace Gets Sweetened $7.2 Billion Offer From Permira to Go Private
The new offer price is 5.7% higher than the previous agreement announced in May.

Wall Street Journal US Business
Sep 09, 2024

Starboard Calls on News Corp to Scrap Dual-Class Share Structure
The activist investor said the share structure gives too much influence to the family of company founder Rupert Murdoch.

Wall Street Journal US Business
Sep 09, 2024

Norfolk Southern Probing Potential Misconduct by CEO
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.

Wall Street Journal US Business
Sep 09, 2024

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

Wall Street Journal US Business
Sep 09, 2024

Ubisoft Investor Calls For Videogame Maker to Go Private
Shares of Ubisoft Entertainment plunged after a minority investor called for the maker of the Assassin's Creed videogame franchise to go private and install a new management team.

Wall Street Journal US Business
Sep 09, 2024

Incoming Starbucks CEO's Tall Order: Calming Anxious Employees
Brian Niccol takes over Monday amid turbulent times for the coffee giant.

Wall Street Journal US Business
Sep 09, 2024

China's EV, Hybrid Sales Maintain Momentum
Sales of electric vehicles and hybrids continued to rise in China, despite weaker overall sales, as authorities rolled out incentives to boost EV consumption and a price war eased.

Wall Street Journal US Business
Sep 09, 2024

7-Eleven Parent Asks Circle K Owner to Improve Takeover Bid
Japan's Seven & i said it would be open to discussions with the Canadian owner of Circle K stores if the latter improves its $39 billion takeover bid.

Wall Street Journal US Business
Sep 09, 2024

Entain Online Gaming Revenue Tops Forecasts
Entain said its online net gaming revenue has grown ahead of expectations so far in the second half of year, with the positive momentum of the second quarter continuing.

Wall Street Journal US Business
Sep 09, 2024

OCI to Sell Methanol Business for $2 Billion
Netherlands-based OCI Global has agreed to sell its methanol business to Canada's Methanex for $2 billion as part of its continuing efforts to pare debt.

Wall Street Journal US Business
Sep 08, 2024

Midea Moves Ahead With Hong Kong's Likely Biggest Listing This Year
Chinese appliance maker Midea Group has started taking orders from investors for an initial public offering to raise up to US$3.46 billion in Hong Kong.

Wall Street Journal US Business
Sep 08, 2024

Boeing Reaches Deal With Biggest Union in Effort to Avoid Strike
The jet maker agreed to increase wages by 25% for its largest union in a four-year pact aimed at preventing a crippling strike.

Wall Street Journal US Business
Sep 08, 2024

Kendrick Lamar to Headline 2025 Super Bowl Halftime Show
The Pulitzer Prize-winning performer will perform at the NFL's championship game, one of the highest-profile platforms of the year for musical artists.

Wall Street Journal US Business
Sep 08, 2024

The Texas Billionaire Who Has Greenpeace USA on the Verge of Bankruptcy
Kelcy Warren's company, Energy Transfer, is behind a long-running court battle over the Dakota Access Pipeline that Greenpeace says could bankrupt the environmental group's U.S. affiliate.

Wall Street Journal US Business
Sep 08, 2024

The Family Business in Alabama That Fights China for Survival
Long before Trump hit Beijing with tariffs, an American company making wire hangers won numerous trade cases involving Chinese hangers. Still it struggles to survive.

Wall Street Journal US Business
Sep 07, 2024

Boeing's Starliner Returns to Earth Without Its Crew
NASA and the aerospace company plan to analyze performance of the vehicle that returned without its crew after troubled months in space.

Wall Street Journal US Business
Sep 07, 2024

Making Videogames Was a Dream Career. Then the Mass Layoffs Came.
Downsizing has become rampant in an industry where many turned their passion into employment.

Wall Street Journal US Business
Sep 07, 2024

With 'Founder Mode,' Silicon Valley Makes Micromanaging Cool
People like Elon Musk and Steve Jobs have been able to behave as leaders at their companies in ways most experts would warn against.

Wall Street Journal US Business
Sep 06, 2024

Nobody Was Reading Him. Now He's the World's Best Spy Writer.
Mick Herron, the author of the "Slow Horses" series, is the unlikeliest star in publishing. Even he couldn't have made this up.

Wall Street Journal US Business
Sep 06, 2024

Tennis Channel Ousts CEO, Citing Time Spent Advising Dr. Phil
As the tennis world focuses on the U.S. Open, the network is embroiled in off-court drama.

Wall Street Journal US Business
Sep 06, 2024

Wynn Las Vegas to Forfeit $130 Million in Funds to Resolve Justice Department Investigation
The agreement with regulators dealt with transactions related to patrons who reside or operate in foreign jurisdictions.

Wall Street Journal US Business
Sep 06, 2024

Nelson Peltz Resigns as Chairman of Wendy's Board
He wants to devote more time to his hedge fund Trian Partners and other board commitments.

Wall Street Journal US Business
Sep 05, 2024

Verizon Strikes Deal to Acquire Frontier Communications
Verizon has agreed to acquire Frontier Communications in a $9.6 billion all-cash deal that would bolster the company's fiber network to compete with rivals including AT&T.

Wall Street Journal US Business
Sep 05, 2024

Europe to Ramp Up Lithium Mining to Cut China's Market Grip
A fleet of new lithium mines are set to open across Europe in the next few years as the European Union pushes to increase supply of the metal deemed vital for the energy transition in a bid to combat China's grip on the market.

Wall Street Journal US Business
Sep 05, 2024

Verizon to Acquire Frontier Communications in $20 Billion Deal
The agreement is set to significantly expand the cellphone carrier's fiber footprint across the U.S.

Wall Street Journal US Business
Sep 05, 2024

NIO's Second-Quarter Net Loss Narrowed on Sales Boost
The Chinese EV maker's net loss narrowed in the second quarter, thanks to robust sales that it expects to continue in the current quarter.

Wall Street Journal US Business
Sep 05, 2024

Leaked Disney Data Reveals Financial and Strategy Secrets
A data trove from Disney that hackers leaked earlier this summer includes details about streaming revenue, park pricing and some staff and customers of Disney cruises.

Wall Street Journal US Business
Sep 05, 2024

As Crackdown Deepens in Venezuela, Chevron Says Keep the Oil Flowing
Behind the scenes, Chevron's message to the White House is that the oil giant needs to stay in Venezuela, even if Nicolás Maduro remains.

Wall Street Journal US Business
Sep 05, 2024

AB Foods Says Bad Weather Hit Primark Sales; Warns on Sugar Profits
Associated British Foods said same-store sales at its retail unit Primark are likely to fall in the final quarter, and warned that profits at its sugar business would miss market expectations for the year due to lower prices in Europe.

Wall Street Journal US Business
Sep 05, 2024

Volvo Trims Profit Outlook
Carmaker Volvo cut its earnings expectations for 2025, citing complex market conditions and uncertainty around worldwide trade wars.

Wall Street Journal US Business
Sep 05, 2024

Harmony Gold Mining Profits Boosted by Higher Gold Prices
Harmony Gold Mining reported a higher net profit and strong revenue growth for the fiscal year, reflecting the company's ability to capitalize on higher gold prices.

Wall Street Journal US Business
Sep 05, 2024

CVC Confident After Key Metric Beat
CVC Capital Partners reported better-than-expected management fee earnings for the first half of the year and said it was confident on its outlook.

Wall Street Journal US Business
Sep 05, 2024

Ford, Coors Light and Other Brands Retreat From a Gay-Rights Index
Human Rights Campaign used a ranking of companies to advance same-sex benefits. Now an activist is using the index to pressure CEOs.

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