NEWS: WALL STREET JOURNAL US BUSINESS
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   NEWS: WALL STREET JOURNAL US BUSINESS
Wall Street Journal US Business
Jan 22, 2025

South Carolina to Reboot Giant Nuclear Project to Meet AI Demand
Santee Cooper is working with bankers to solicit interest in V.C. Summer.

Wall Street Journal US Business
Jan 22, 2025

Travelers Upbeat on Momentum Despite Fires as Fourth-Quarter Profit Surges
The property-and-casualty insurer said the strong results and outlook would allow it to support customers affected by the wildfires that devastated L.A.

Wall Street Journal US Business
Jan 22, 2025

Five Things to Know About Trump's Energy Orders
The new president signed broad executive orders seeking to prop oil and gas development, but his fiat will be tested.

Wall Street Journal US Business
Jan 22, 2025

Prince Harry Settles Yearslong Privacy Invasion Case Against Murdoch's U.K. Tabloids
News Group Newspapers issued an apology to the Duke of Sussex for intruding into his life and that of his mother, the late Princess Diana.

Wall Street Journal US Business
Jan 22, 2025

Top Companies for Customer Satisfaction
Iron Mountain leads this category in the Management Top 250, followed by Intel and Ball

Wall Street Journal US Business
Jan 22, 2025

Barry Callebaut Stock Melts as High Cocoa Prices Weigh on Sales Volume
The chocolate company's shares fell after it missed sales volume expectations and cut its guidance for fiscal 2025 as soaring cocoa bean prices drag demand.

Wall Street Journal US Business
Jan 22, 2025

U.K. Competition Watchdog Chair Replaced With Ex-Amazon Boss
The government appointed Douglas Gurr as interim chairman of the Competition and Markets Authority after pressuring the regulator to do more to spur investment and economic growth.

Wall Street Journal US Business
Jan 22, 2025

easyJet Shares Fall on Expectations of Weaker Second Quarter
The airline's stock was down after it flagged weakening revenue trends in its fiscal second quarter, despite an improved first-quarter performance.

Wall Street Journal US Business
Jan 22, 2025

Forest Fires Won't Throw Us off Track, Munich Re Says
The reinsurer said it can't yet put a figure on the burden it faces from the California wildfires, though it has warned of a major loss.

Wall Street Journal US Business
Jan 22, 2025

Adidas Shares Jump After Preliminary Results Beat Expectations
The sporting-goods company surpassed its own profit expectations amid fierce competition in the sector and as its biggest rival, Nike, continues to pursue a brand revamp strategy.

Wall Street Journal US Business
Jan 22, 2025

Schaeffler Warns of Profitability Shortfall Amid Tough Autos Environment
The car-parts supplier warned that profitability fell short of its guidance and consensus expectations last year, the latest sign of challenges facing the European auto market.

Wall Street Journal US Business
Jan 22, 2025

Sunway Healthcare Readies IPO That Will Likely Be Malaysia's Biggest in Years
Malaysia's Sunway Healthcare Group will set in motion plans for an initial public offering early next month that is likely to value the business at over $4.0 billion, people familiar with the process said.

Wall Street Journal US Business
Jan 21, 2025

Sunac China Becomes First Chinese Developer to Restructure Onshore Debt
The property developer said plans to restructure debt issued by a unit were approved.

Wall Street Journal US Business
Jan 21, 2025

Woodside Energy Remains Uninterested in Upstream U.S. Gas Position
Woodside CEO Meg O'Neill said the company is taking part in discussions with parties interested in taking a stake in the development.

Wall Street Journal US Business
Jan 21, 2025

CEOs Launch War Rooms, Hotlines to Cope With Trump's Order Blitz
Executive orders bring promised changes and surprising risks for business leaders.

Wall Street Journal US Business
Jan 21, 2025

Netflix Raises Prices Across Plans, Reports Record Jump in New Subscribers
The lowest-price, ad-supported option for the streaming service will cost $7.99 a month, an increase of $1.

Wall Street Journal US Business
Jan 21, 2025

Masimo Taps Katie Szyman as Permanent CEO
Szyman currently serves as the worldwide president of Advanced Patient Monitoring at Becton Dickinson and Co.

Wall Street Journal US Business
Jan 21, 2025

Basic Materials Roundup: Market Talk
Find insight on commodities prices, Press Metal Aluminium, BHP, Antofagasta and more in the latest Market Talks covering Basic Materials.

Wall Street Journal US Business
Jan 21, 2025

Netflix Raises U.S. Prices, Reports Jump in New Subscribers
The lowest-price, ad-supported option for the streaming service will cost $7.99 a month, an increase of $1

Wall Street Journal US Business
Jan 21, 2025

D.R. Horton Clears Wall Street's Estimates Despite Fewer Closings
The Arlington, Texas, company reported net income of $844.9 million for the three months ended Dec. 31, down from $947.4 million a year earlier.

Wall Street Journal US Business
Jan 21, 2025

Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter
The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.

Wall Street Journal US Business
Jan 21, 2025

U.K. Banks Exposed To Motor Finance Rise After Treasury Seeks to Step In
Shares in U.K. banks that have motor-finance operations traded higher after the Treasury signaled its intention to intervene to protect car loan providers in a Supreme Court case.

Wall Street Journal US Business
Jan 21, 2025

Boohoo Shareholders Reject Frasers' Bid to Remove Founder From Board
More than 63% of shareholders voted against a proposal by Frasers Group to remove the online fashion retailer's founder and executive vice chair, Mahmud Kamani, from the board.

Wall Street Journal US Business
Jan 21, 2025

Bain Capital in Talks to Buy Mitsubishi Tanabe Pharma
Bain Capital is in talks to acquire Mitsubishi Chemical Group's pharmaceutical business in a potential multibillion-dollar deal, a person familiar with the matter said.

Wall Street Journal US Business
Jan 21, 2025

Jeep Maker Stellantis Brings Back American Classics After CEO Exit
The automaker is moving to revive the Dodge and Chrysler labels after sales plummeted in 2024.

Wall Street Journal US Business
Jan 21, 2025

The Alcohol Industry Is Hooked on Its Heaviest Drinkers
While many drinkers cut back, some people who consume 15 or more drinks a week say they are unfazed by health risks.

Wall Street Journal US Business
Jan 21, 2025

Orsted Shares Plunge on $1.7 Billion Impairment
Shares in the renewable-energy company sank to the bottom of the Stoxx Europe 600 index Tuesday after it announced the impairment amid higher costs at its U.S. Sunrise Wind project.

Wall Street Journal US Business
Jan 21, 2025

Generali and Natixis Ink Asset-Management Joint Venture
Generali and the owner of France's Natixis Investment Managers agreed to jointly create a European asset manager overlooking nearly $2 trillion.

Wall Street Journal US Business
Jan 21, 2025

Cranswick Expects Results in Line With Market Views
The food producer expects its full-year trading to be in line with market expectations after "excellent volume growth" across its core U.K. business.

Wall Street Journal US Business
Jan 21, 2025

Apple's Smartphone Sales Slump in China as Huawei Gains Market Share
The U.S. tech giant's fourth-quarter iPhone sales fell 18% in the world's largest smartphone market.

Wall Street Journal US Business
Jan 21, 2025

EU New Car Registrations Rose in 2024, Driven by Spain
Car registrations in the EU—a reflection of sales—edged higher last year after Spain and France drove growth in December.

Wall Street Journal US Business
Jan 21, 2025

Olam Set to Announce Sale of Agribusiness Unit to Saudi Arabia Firm, Sources Say
Singapore-based Olam Group is close to announcing a deal to sell the remainder of its stake in its agricultural products business to the state-owned Saudi Agricultural and Livestock Investment Company, people familiar with the situation said.

Wall Street Journal US Business
Jan 21, 2025

Country Garden Shares Rise After Monthslong Suspension
Shares in the company, once one of China's largest developers, rose on the resumption of trade after it pledged to reach a debt-restructuring deal with creditors.

Wall Street Journal US Business
Jan 20, 2025

BHP's Copper, Iron Ore Output Rose in Second Quarter
The mining giant posted a sharp rise in second-quarter copper production thanks to a jump in output at Escondida, the world's largest copper mine.

Wall Street Journal US Business
Jan 17, 2025

CNN Settles Defamation Suit After Jury Found It Liable for Smearing Navy Veteran in Afghanistan Evacuation Story
News network reached a deal with Zachary Young as it was facing potentially tens of millions of dollars in punitive damages.

Wall Street Journal US Business
Jan 17, 2025

Fire at One of World's Largest Battery Plants Prompts Evacuations in California
Authorities haven't determined what sparked the blaze.

Wall Street Journal US Business
Jan 17, 2025

U.S. Sues Walgreens for Role in Opioid Crisis
The pharmacy chain since August 2012 filled prescriptions that lacked a legitimate medical purpose, were invalid or weren't issued in professional practice, the Justice Department said.

Wall Street Journal US Business
Jan 17, 2025

Financial Services Roundup: Market Talk
Find insight on TD Bank, Wise, Australian bank stocks and more in the latest Market Talks covering financial services.

Wall Street Journal US Business
Jan 17, 2025

Moderna Gets $590 Million of Federal Funding For Influenza Vaccines
The package will provide additional support for late-stage development and licensure of pre-pandemic mRNA-based vaccines, the company said

Wall Street Journal US Business
Jan 17, 2025

Starbucks Expecting Job Cuts by March
Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.

Wall Street Journal US Business
Jan 17, 2025

CBS Owner Discusses Settling Trump Suit, With Merger Review on Tap
Paramount, owner of CBS, its namesake studio and several cable channels, has a major piece of business in front of the new administration: its planned merger with Skydance Media.

Wall Street Journal US Business
Jan 17, 2025

FTC Sues PepsiCo, Alleging It Gave Walmart Unfair Pricing Advantage
Outgoing agency Chair Lina Khan has filed a raft of measures during her last week in office.

Wall Street Journal US Business
Jan 17, 2025

Vanguard to Pay $106.4 Million to Resolve Alleged Violations Linked to Retirement Funds
The SEC said a lack of notifications by Vanguard drove higher capital gains tax bills for many retail investors.

Wall Street Journal US Business
Jan 17, 2025

NHTSA Looking Into Reports of Engine Failures in Certain GM Vehicles
Complaints received by the agency allege a bearing failure that may result in either an engine seizure or a breaching of the engine block. GM said it is cooperating with the agency.

Wall Street Journal US Business
Jan 17, 2025

EU, Mexico Secure New Trade Deal as Trump Presidency Looms
The European Union and Mexico took action before President-elect Donald Trump—who has threatened both regions with steep tariffs on exports—takes office.

Wall Street Journal US Business
Jan 17, 2025

Ozempic Among the Next Drugs Up for Medicare Price Negotiations
The list of drugs account for $41 billion in annual Medicare spending, the Biden administration said.

Wall Street Journal US Business
Jan 17, 2025

SLB Stock Gains on Topped Forecast, $2.3 Billion Buyback
Shares of SLB advanced after the oilfield services giant announced a $2.3 billion stock buyback, bumped dividend payouts higher and reported quarterly earnings that topped Wall Street views.

Wall Street Journal US Business
Jan 17, 2025

Saab Expects Sales Growth to Top Guidance
The company said it experienced a stronger-than-expected final quarter of the year, with global defence spending surging as nations support Ukraine while restocking their own arsenals.

Wall Street Journal US Business
Jan 17, 2025

The Playlist Power Broker Who Makes or Breaks New Artists
Spotify is known for its algorithmic recommendations, but Sulinna Ong brings a human touch to finding new hits.

Wall Street Journal US Business
Jan 17, 2025

Suess Microtec Shares Soar After Forecast-Beating Results
Shares in the German chip-equipment supplier surged after it reported full-year results that exceeded guidance, boosted by AI's growing momentum.

Wall Street Journal US Business
Jan 17, 2025

Swissquote Expects Results To Beat Views on Crypto Demand
The online bank said its results for 2024 should exceed market expectations as it was boosted by cryptocurrency trading.

Wall Street Journal US Business
Jan 15, 2025

Energy & Utilities Roundup: Market Talk
Find insight on Algonquin, Equinor, Yinson Holdings and more in the latest Market Talks covering Energy and Utilities.

Wall Street Journal US Business
Jan 15, 2025

Auto & Transport Roundup: Market Talk
Read about Royal Mail, Leonardo, China's electric-vehicle sector and more in the latest Market Talks covering the Auto and Transport sector.

Wall Street Journal US Business
Jan 15, 2025

FDA Bans Artificial Dye Red 3 From Food
Consumer-advocacy groups petitioned the agency to restrict the additive, which has been linked to cancer in animals.

Wall Street Journal US Business
Jan 15, 2025

Building-Products Distributor QXO Prepares to Nominate Directors Over Beacon Deal
QXO publishes offer to buy Beacon for $124.25 per share, says it has been rebuffed time and again.

Wall Street Journal US Business
Jan 15, 2025

Carnival Is the Biggest Gainer in the Management Top 250
Nvidia and Cintas had the next-biggest increases in overall score

Wall Street Journal US Business
Jan 15, 2025

GM Signs Multibillion-Dollar Deal for Supply of EV Battery Materials
The deal, with Norway's Vianode, is for delivery of a material critical for electric-vehicle batteries.

Wall Street Journal US Business
Jan 15, 2025

Why Costco Isn't Joining the Backlash Against DEI
The retail giant is swatting back at a conservative activist group, buoyed by loyal customers and staff.

Wall Street Journal US Business
Jan 15, 2025

Currys Restarts Dividends Payout After Robust Christmas Sales
Currys said it expected profit for fiscal 2025 to beat market expectations and that it would restart paying dividends following a robust Christmas period.

Wall Street Journal US Business
Jan 15, 2025

SGS, Bureau Veritas in Talks for Potential Multibillion-Dollar Tie-Up
The Swiss and French companies are in talks about a combination that would create a giant in Europe's inspection, certification, and testing services industry, with a combined market value of some $33 billion.

Wall Street Journal US Business
Jan 15, 2025

Experian Posts Revenue Growth in Line With Guidance
The company reported total revenue growth of 8% at constant exchange rates for the third quarter of fiscal 2025, and confirmed its guidance for the year.

Wall Street Journal US Business
Jan 15, 2025

Pfizer Sells 700 Million Haleon Shares for $3 Billion
The sale decreases Pfizer's shareholding in the consumer-healthcare business to 7.3% of its issued share capital, down from 15%.

Wall Street Journal US Business
Jan 15, 2025

U.S. Blocks Imports From 37 More Chinese Companies Over Forced-Labor Concerns
The latest additions targeted Chinese companies in the critical-minerals, textiles and solar-technology industries.

Wall Street Journal US Business
Jan 15, 2025

Malaysia Retailer Eco-Shop to Tap Investors Ahead of IPO
The Malaysian discount-store retailer aims to start tapping investors early next week ahead of a planned initial public offering valuing the company at over $1 billion, people familiar with the situation said.

Wall Street Journal US Business
Jan 14, 2025

Country Garden Lost $24.33 Billion in 2023
The Chinese developer released its long-delayed results showing that its net loss narrowed in the first half of 2024 following a record loss in 2023.

Wall Street Journal US Business
Jan 14, 2025

Canada Approves Bunge's $8.2 Billion Deal for Viterra
Canada has approved Bunge's $8.2 billion deal for Glencore-backed Viterra, as the companies agreed to concessions to address previous antitrust concerns.

Wall Street Journal US Business
Jan 14, 2025

GeoPark, Repsol Agree to End Previously Inked Deal After Rights Exercised
Repsol in November signed a deal to sell upstream assets in Colombia to Latin American oil-and-gas explorer GeoPark for $530 million.

Wall Street Journal US Business
Jan 14, 2025

The FDA Wants to Put Warning Labels on the Front of Food Packages
A proposed Biden administration rule would require food manufacturers to flag salt, added-sugar and saturated-fat levels on front of packages.

Wall Street Journal US Business
Jan 14, 2025

Trump Plans 'Energy Dominance' Executive Orders After Inauguration
The president-elect is gearing up to help the fossil-fuel industry with executive orders seeking to boost oil and overturn tailpipe rules.

Wall Street Journal US Business
Jan 14, 2025

Eli Lilly Cuts Sales Outlook After Sluggish Growth for Incretin Drugs
Eli Lilly cut its outlook for fourth-quarter revenue citing sluggish growth in the market for incretin, which increases insulin levels.

Wall Street Journal US Business
Jan 14, 2025

DirecTV Pursues Sports Fans With New, Slimmer Streaming Bundle
The MySports package includes access to many major sports, but some holes remain.

Wall Street Journal US Business
Jan 14, 2025

The Hottest Ticket Across Corporate America: Trump's Inauguration
CEOs are angling for invites to parties, which include the MAHA ball and another with Snoop Dogg.

Wall Street Journal US Business
Jan 14, 2025

Jamie Dimon's Right-Hand Man Announces Retirement at JPMorgan
Piepszak, who's taking over as COO, has signaled that she doesn't want to take the top job at the bank, people close to her said

Wall Street Journal US Business
Jan 14, 2025

Google Comes Under U.K. Investigation Over Search Services
It will be the first investigation under a new digital markets competition regime that could force the company to change its conduct.

Wall Street Journal US Business
Jan 14, 2025

MSNBC President Rashida Jones Departing as Cable Network Prepares for Comcast Spinoff
Jones helped MSNBC surpass CNN in ratings, though viewership has dropped since the election.

Wall Street Journal US Business
Jan 14, 2025

Brown-Forman to Cut 12% of Workforce in Restructuring
Brown-Forman named new executives and said it will cut about 12% of its global workforce, or roughly 648 jobs, as it undergoes a restructuring aimed to position the company for growth amid a choppy global spirits market.

Wall Street Journal US Business
Jan 14, 2025

JD Sports Sinks to Four-Year Lows After Guidance Cut
The sportswear fashion retailer said higher sales over the festive period boosted revenue, but cited challenging market conditions for cutting its full-year guidance.

Wall Street Journal US Business
Jan 14, 2025

Volkswagen Car Deliveries Fall as Challenges in China Continue
VW delivered fewer cars in 2024 as it continued to be hit by rivals cutting prices to win customers in China, its largest market.

Wall Street Journal US Business
Jan 14, 2025

Why Adults Are Hitting the Arcade in Search of a $3,600 Hermès Bag
Childhood favorite games are getting a makeover, giving players a chance to nab pricey prizes

Wall Street Journal US Business
Jan 14, 2025

U.S. to Ban Chinese, Russian Components in Connected Vehicles
The U.S. has finalized a ban on the use of Chinese and Russian hardware and software in internet-connected vehicles on U.S. roads.

Wall Street Journal US Business
Jan 14, 2025

Clariant Gets Damages Claim from BASF
Clariant said it was served with a damages claim by BASF over alleged infringements of competition law on the ethylene purchasing market passed by the European Commission in July 2020.

Wall Street Journal US Business
Jan 14, 2025

BP Expects to Book Up to $2 Billion in Charges, Sees Lower Upstream Production
The British oil-and-gas giant said the non-cash, post-tax charges are attributable across its business divisions.

Wall Street Journal US Business
Jan 14, 2025

Persimmon Profit Seen at Upper End of Views
The house builder said its 2024 private sales rate was ahead of last year's and that underlying pretax profit will be at the higher end of expectations.

Wall Street Journal US Business
Jan 14, 2025

Ocado Retail Revenue Soars
Ocado said revenue from Ocado Retail, its joint venture co-owned with Marks & Spencer grew sharply, driven by improved volumes and a record Christmas performance.

Wall Street Journal US Business
Jan 13, 2025

Malibu's Famous Fish Shack Is Gone. Its Owners Aren't Sure They Can Rebuild.
The Reel Inn was destroyed after more than 30 years in Malibu. Such small independent businesses have a more difficult time than others bouncing back from natural disasters.

Wall Street Journal US Business
Jan 13, 2025

Cleveland-Cliffs and Nucor Mull Fresh Bid for U.S. Steel
An offer is probably months away from happening.

Wall Street Journal US Business
Jan 13, 2025

IAC to Spin Off Stake in Angi, Longtime CEO to Step Down
Angi CEO Jeff Kip will continue to head the company as IAC's 10th fully independent company, IAC said.

Wall Street Journal US Business
Jan 13, 2025

Hanging Out at Starbucks? You Now Need to Order Something
The coffee giant is reversing a policy that had allowed open access to its cafes, in a push to improve store environments.

Wall Street Journal US Business
Jan 13, 2025

Retail Stocks Drop Amid Investors' Concerns Over Ability to Post Growth in 2025
Shares of retail stocks sank after companies including Abercrombie & Fitch, Macy's and Urban Outfitters provided updates on their holiday performance and outlooks that disappointed investors for the year ahead.

Wall Street Journal US Business
Jan 13, 2025

Johnson & Johnson to Acquire Intra-Cellular in $15 Billion Deal
Pharmaceutical giants have recently shown new enthusiasm for mental-health treatments with vast but unrealized promise.

Wall Street Journal US Business
Jan 13, 2025

Brunello Cucinelli Sees Robust Growth in Coming Years Despite Luxury Slowdown
The company said it benefits from ultra-high net worth clients, who continued to indulge in luxury shopping even as a tough macroeconomic environment hit less affluent customers.

Wall Street Journal US Business
Jan 13, 2025

McDonald's Sued Over Latino Scholarships, One Week After Retreating on Diversity
Activist Edward Blum, who challenged affirmative action, has set his sights on college aid.

Wall Street Journal US Business
Jan 13, 2025

Luxury Sector Is Coming Off a Period of Strong Growth
The luxury sector faces a significant slowdown this year as its growth-driving engines have stalled, especially in China.

Wall Street Journal US Business
Jan 13, 2025

Sonos Says CEO Patrick Spence Is Stepping Down
Sonos Chief Executive Patrick Spence is stepping down, ending an eight-year stint as its leader as the company recovers from a botched app launch that hurt its brand.

Wall Street Journal US Business
Jan 13, 2025

Moderna 2025 Revenue Guidance Below Estimates
The biotech company said it anticipates between $1.5 billion and $2.5 billion in revenue this year, below Wall Street expectations of $2.9 billion.

Wall Street Journal US Business
Jan 13, 2025

Lululemon Raises Quarterly Revenue, Profit Targets
Lululemon athletica said it now expects revenue and profit to be higher than previously thought for the fourth quarter as shoppers flocked to its stores over the Christmas and holiday period.

Wall Street Journal US Business
Jan 13, 2025

BMW Sales Fall on Technical Issues, Weak China Demand
BMW group sales fell 4% in 2024 as the German automaker was hit by technical issues and subdued demand in China.

Wall Street Journal US Business
Jan 13, 2025

America's Bourbon Boom Is Over. Now the Hangover Is Here.
After years of rising sales, distillers are contending with waning demand and a glut of supply.

Wall Street Journal US Business
Jan 13, 2025

Norwegian Air Cuts Guidance on Weaker Domestic Currency
Norwegian Air Shuttle cut its full-year earnings guidance as it expects costs to increase due to a weakening of the Norwegian krone against the U.S. dollar during the fourth quarter.

Wall Street Journal US Business
Jan 13, 2025

London's Heathrow Had Record 2024
Passenger traffic hit a record in 2024, helped by a bumper December and holiday travel season, with 3 million more passengers than in the previous record of year of 2019.

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