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Wall Street Journal US Business
Jun 13, 2024

Lilly's Weight-Loss Drug Is a Huge Hit. Its CEO Wants to Replace It ASAP.
Dave Ricks is pushing his scientists to find an even more potent anti-obesity treatment. "Lilly's got a lead, and we plan to exploit that lead."

Wall Street Journal US Business
Jun 13, 2024

Elon Musk's $46 Billion Pay Package: How Tesla Shareholder Approval Could Play Out
Tesla shareholders voted to reinstate a pay package for Elon Musk that a judge had thrown out—a victory for Musk that is unlikely to put the issue to rest.

Wall Street Journal US Business
Jun 13, 2024

Tesla Shareholders Vote to Uphold Musk's Pay Plan
The move signals support for the EV maker's longtime leader and gives the board ammunition in its fight to preserve the court-rejected compensation plan.

Wall Street Journal US Business
Jun 13, 2024

GameStop Shareholder Meeting Is Adjourned After Glitch Disrupts Call
The annual meeting is to resume on Monday after high interest from shareholders led to a technical issue on Thursday.

Wall Street Journal US Business
Jun 13, 2024

Tyson Foods Suspends CFO After Drunken-Driving Arrest
Tyson Foods said it suspended Chief Financial Officer John R. Tyson after he was arrested early Thursday on charges of driving while intoxicated.

Wall Street Journal US Business
Jun 13, 2024

Apple Sued by Employees Alleging Unequal Pay for Women
The suit targets Apple's hiring practices used to set compensation, as well as the company's performance-review policies.

Wall Street Journal US Business
Jun 13, 2024

GameStop Shareholder Meeting Adjourned After Technical Difficulties
GameStop's annual meeting was cut short after high interest from shareholders led to a technical issue.

Wall Street Journal US Business
Jun 13, 2024

Tyson Foods Suspends CFO After DWI Arrest
Tyson Foods said it suspended Chief Financial Officer John R. Tyson after he was arrested early Thursday on charges of driving while intoxicated.

Wall Street Journal US Business
Jun 13, 2024

Ford Motor Expands EV Sales, Service to All U.S. Dealers
The carmaker said it is expanding sales and service of EVs to all 2,800 of its dealerships in the U.S.

Wall Street Journal US Business
Jun 13, 2024

The Chaotic Unraveling of the Paramount-Skydance Merger
Why Shari Redstone lost faith in her favorite suitor and walked away from a deal to sell her family company.

Wall Street Journal US Business
Jun 13, 2024

Elon Musk's $46 Billion Pay Package: How Tesla Shareholder Approval Could Play Out in Court
The carmaker's CEO says so far, shareholders were approving the package by a wide margin. But a vote to reapprove the agreement is unlikely to end legal challenges.

Wall Street Journal US Business
Jun 13, 2024

Tesla May Raise Model 3 Price In Europe Due to Tariffs
Tesla will likely raise the price of its Model 3 in Europe as of July 1 in response to planned EU tariffs on electric vehicles made in China.

Wall Street Journal US Business
Jun 13, 2024

Elon Musk Says Vote on HisTeslaPay Winning by Wide Margin
Tesla's CEO also says in posting on X that shareholders are backing the company's reincorporation to Texas.

Wall Street Journal US Business
Jun 13, 2024

BT Boosted by Carlos Slim Investment
BT shares rose after it said Carlos Slim had bought a more-than 3% stake, making him the latest prominent investor to back the U.K. telecoms company.

Wall Street Journal US Business
Jun 13, 2024

Stellantis Shifts Focus to Efficient Investments, Returns
The maker of Jeep, Dodge and a dozen other brands said it will set a liquidity target of 25%-30% of revenue in the medium term to support shareholder returns.

Wall Street Journal US Business
Jun 13, 2024

Atos Shares Fall Further as Rescue Talks Continue
The latest decline came after the French IT company said has held talks with stakeholders about its financial restructuring, and provided some clarity about which creditors and bond holders can participate in which particular parts of the refinancing.

Wall Street Journal US Business
Jun 13, 2024

BYD Shares Rise After Milder-Than-Peers EU Tariffs
Shares of BYD jumped on investors' optimism that the world's largest electric-vehicle maker would maintain its competitive edge despite planned additional tariffs from the European Union.

Wall Street Journal US Business
Jun 13, 2024

Puig CEO Ready to Deliver on Promises After IPO
Spanish premium beauty house Puig is ready to confront skeptics and make a statement in the cosmetics world. "We have gone public and have made a number of promises, since there's guidance, so I have to deliver now," CEO Marc Puig said.

Wall Street Journal US Business
Jun 12, 2024

Sony Buys Alamo Drafthouse Movie-Theater Chain
The deal for the dine-in theater chain comes as Hollywood grapples with how to encourage more consumers to go to the movies.

Wall Street Journal US Business
Jun 12, 2024

McKinsey Boss's Next Big Consulting Project: His Own Firm
After a turbulent few years, Bob Sternfels talks about revamping the company's structure and employee development. "Not everyone gets an A."

Wall Street Journal US Business
Jun 12, 2024

Why America Is Running Low on Zyn Nicotine Pouches
Maker Philip Morris expects the shortage to last until year-end, as the brand's lone U.S. factory tries to meet surging demand in a "Zyndemic."

Wall Street Journal US Business
Jun 12, 2024

Nike Loses to Puma in EU Trademark Dispute
Nike suffered a setback in its bid to trademark the capitalized version of the word "footware" for tech-related products after a European Union court upheld a complaint from German rival Puma.

Wall Street Journal US Business
Jun 12, 2024

French Government Bonds Face Trouble as Elections Loom
As France heads towards snap elections at the end of June, French government bonds could slide further, having already taken a major hit from the weekend's European parliamentary elections, pushing their yields even higher, analysts said.

Wall Street Journal US Business
Jun 12, 2024

FedEx to Lay Off Up to 2,000 Employees in Europe
The delivery company aims to reduce head count across back-office and commercial teams.

Wall Street Journal US Business
Jun 12, 2024

Fisker Issues Voluntary Recalls Over Software Problems
Fisker has issued two voluntary recalls of its Ocean SUVs in North America and Europe over software-related problems, adding to the carmaker's mounting woes.

Wall Street Journal US Business
Jun 12, 2024

Umicore Cuts Guidance on Slower EV Demand
Umicore now expects 2024 earnings for its battery business to be around break-even, with volumes to be equal or slightly lower than last year, while group profit forecasts were also cut back.

Wall Street Journal US Business
Jun 11, 2024

Shares of Evergrande's EV Unit Slide After Order to Repay Subsidies
Chinese authorities have ordered Evergrande Auto to repay government subsidies due to its failure to meet contractual obligations, and the company warned it could face the repossession of some assets.

Wall Street Journal US Business
Jun 11, 2024

Elon Musk's Boundary-Blurring Relationships With Women at SpaceX
The billionaire founder had sex with an employee and a former intern, and asked a woman at his company to have his babies

Wall Street Journal US Business
Jun 11, 2024

Redstone's National Amusements Ends Deal Talks With Skydance
Shari Redstone is likely to pursue a sale of National Amusements, the company that controls Paramount, with other potential bidders.

Wall Street Journal US Business
Jun 11, 2024

National Bank of Canada to Acquire Canadian Western Bank in C$5 Billion Deal
Canadian Western holds about C$37 billion in loans and has 39 branches located in Western Canada and Ontario. The companies said the combination would increase National Bank's commercial banking portfolio by about 52%.

Wall Street Journal US Business
Jun 11, 2024

Redstone's National Amusements Ends Discussions with Skydance
Redstone is likely to pursue sale of National Amusements, the family company that controls Paramount, with other potential bidders.

Wall Street Journal US Business
Jun 11, 2024

Johnson and Johnson Talcum-Settlement Consent Judgments Filed
The settlement with 43 attorneys general, which resolves claims of deceptive marketing practices, is subject to judicial approval.

Wall Street Journal US Business
Jun 11, 2024

GM Board Approves New $6 Billion Stock Buyback
The automaker saw strong second-quarter profits, citing brisk vehicle sales and resilient pricing.

Wall Street Journal US Business
Jun 11, 2024

'Anti-Woke' Shareholders Are Going After Corporate Boards
Activists say they want to get politics out of business, but their proposals fail to gain much traction.

Wall Street Journal US Business
Jun 11, 2024

French Startup Mistral AI Raises $650 Million in Bid to Scale Up
Backers include General Catalyst, Lightspeed, Bertelsmann Investment, Cisco Systems, International Business Machines, Nvidia and Salesforce Venture.

Wall Street Journal US Business
Jun 11, 2024

The Vote on Elon Musk's $46 Billion Pay Package Is Coming Down to the Wire
Tesla and its billionaire CEO have been racing to drum up support from investors in recent days.

Wall Street Journal US Business
Jun 11, 2024

Russia Taps Unlikely Allies to Help Ship Sanctioned Oil
Gabon has become a surprising new player in global shipping. The nation's ship registry has ballooned to more than 100 vessels, industry participants estimate.

Wall Street Journal US Business
Jun 11, 2024

Atos Chooses Onepoint Rescue Bid
Atos has accepted a financial-restructuring proposal from a consortium including key shareholder Onepoint to salvage the debt-laden IT firm, outgunning a rival bid from a group led by Czech billionaire Daniel Kretinsky.

Wall Street Journal US Business
Jun 11, 2024

Raspberry Pi Shares Soar in London Trading Debut
Shares of U.K. low-cost computers maker Raspberry Pi rose as much as 36% above their targeted price during their initial trading day, a boost to the London stock market after a string of recent defections.

Wall Street Journal US Business
Jun 11, 2024

Chinese EV Makers' Shares Drop on Tariffs Concerns
Chinese electric vehicle makers' shares dropped in Hong Kong amid concerns that more countries could increase tariffs on cars imported from China.

Wall Street Journal US Business
Jun 11, 2024

Singapore Airlines Offers Compensation to Passengers on Turbulence-Hit Flight
The airline has offered compensation to passengers on board its London to Singapore flight last month that experienced one of the worst turbulence-related accidents in aviation history.

Wall Street Journal US Business
Jun 10, 2024

Boeing's Urgent Mission to Train Thousands of Rookies How to Build an Airplane
An exodus of seasoned workers contributed to quality issues, prompting the jet maker to overhaul how it trains new hires.

Wall Street Journal US Business
Jun 10, 2024

Bapcor Receives $1.21 Billion Private-Equity Takeover Proposal
Bapcor has become a US$1.21 billion target for a private equity takeover, five weeks after the Australian automotive-accessory provider issued a profit warning.

Wall Street Journal US Business
Jun 10, 2024

Newsmax Considers IPO With Private Placement of Up to $225 Million
The media network plans to publicly list its shares later this year and is looking to raise capital.

Wall Street Journal US Business
Jun 10, 2024

BP Tightens Rules Over Office Relationships in Wake of Former CEO's Departure
The move followed the high-profile departure last year of former CEO Bernard Looney, who resigned after the oil company said he hadn't been fully transparent about past personal relationships with colleagues.

Wall Street Journal US Business
Jun 10, 2024

Edgar Bronfman Eyes $2 Billion-Plus Bid for Company That Controls Paramount
Bronfman, backed by Bain Capital, has expressed interest in Shari Redstone's National Amusements, which is already in advanced negotiations to sell to Skydance Media.

Wall Street Journal US Business
Jun 10, 2024

Volvo Car Recalls Its New Electric EX30 Car After Finding Software Glitch
Volvo Car has recalled all of its new fully-electric EX30 sports utility vehicles after discovering a bug in its display software.

Wall Street Journal US Business
Jun 10, 2024

Scammers' New Way of Targeting Small Businesses: Impersonating Them
Copycats are using videos and photos to pose as real small-business owners and dupe their customers.

Wall Street Journal US Business
Jun 09, 2024

The Postal Service's $40 Billion Overhaul Is Off to a Rough Start
Staffing and other operational issues lead to delays, tripping up Postmaster General Louis DeJoy's effort to modernize the network.

Wall Street Journal US Business
Jun 08, 2024

Washington Post CEO Turns to Damage Control After Turbulent Week
"I know trust has been lost," William Lewis told the newsroom after a contentious town hall and the top editor's abrupt exit.

Wall Street Journal US Business
Jun 06, 2024

SpaceX Aims for Better Landings in Latest Starship Test
The Elon Musk-led company is developing the rocket for future missions, including NASA's first astronaut trip to the moon in decades.

Wall Street Journal US Business
Jun 06, 2024

Sporting-Goods Companies Warm Up for Busy Summer
Sportswear companies moved to clear out leftover inventory to make room for new product lineups ahead of a summer packed with major sporting events, but analysts say any sales benefit will likely take time.

Wall Street Journal US Business
Jun 06, 2024

NIO Loss Widens on Lower EV Sales but Expects Stronger Second Quarter
The Chinese EV maker 's net loss widened in the first quarter, with electric-vehicle sales off to a seasonally slow start.

Wall Street Journal US Business
Jun 06, 2024

Chanel Creative Director to Leave in Latest Fashion Shake Up
Virginie Viard is set to leave the luxury brand, marking the departure of one of the few women to lead the artistic direction of a major fashion house.

Wall Street Journal US Business
Jun 06, 2024

Chanel Creative Director to Leave in Latest Fashion Shake-Up
Virginie Viard is set to leave the luxury brand, marking the departure of one of the few women to lead the artistic direction of a major fashion house.

Wall Street Journal US Business
Jun 06, 2024

Meta's AI Project Faces Privacy Complaints in Europe
Meta's new artificial-intelligence project faces complaints from a privacy-focused advocacy group in eleven European countries, highlighting the challenges for big technology as it turns to users' data to train its AI tools.

Wall Street Journal US Business
Jun 06, 2024

Remy Martin Sees Tough Year Ahead as U.S. Slowdown Drags on
Remy Cointreau expects efforts to clear out excess inventory in the U.S. to stretch into its new fiscal year amid a market slowdown, as the company seeks to pave the way for a return to sales growth.

Wall Street Journal US Business
Jun 06, 2024

Antofagasta Secures Water Supply for Key Mine
Antofagasta shares opened higher on London's FTSE 100, on news the copper miner had signed a water-supply pact at its flagship Centinela site in Chile.

Wall Street Journal US Business
Jun 06, 2024

Stellantis Says Half a Million Cars Included in Recall Over Airbag Risk
Stellantis said its current recall campaign affected 530,000 Citroen DS and C3 models produced between 2009 and 2019 that had Takata airbags.

Wall Street Journal US Business
Jun 06, 2024

Atos Delays Rescue Package Deadline, Seeks Improved Terms
Atos said the move comes as the conciliator of the company's financial restructuring process has also requested for more time to determine which of the two proposals the company's creditors prefer.

Wall Street Journal US Business
Jun 06, 2024

TSMC Shares Hit Record High as AI Demand Boosts Chip Industry
Taiwan Semiconductor Manufacturing Co.'s shares hit a new record high amid positive news across the chip industry as global demand for advanced AI chips surges.

Wall Street Journal US Business
Jun 05, 2024

Five Below Cuts Outlook on Lower Consumer Base Spending Levels
Five Below cut its outlook for the year, warning that its core low-income shoppers were facing an outsized impact from years of inflationary pressures.

Wall Street Journal US Business
Jun 05, 2024

Boeing's Starliner Launches NASA Astronauts After Setbacks
The spacecraft is expected to reach the International Space Station Thursday and return to Earth next week.

Wall Street Journal US Business
Jun 05, 2024

Boeing's Starliner Launches NASA Astronauts After Setbacks and Delays
The spacecraft is expected to reach the International Space Station Thursday and return to Earth next week.

Wall Street Journal US Business
Jun 05, 2024

Vice's Shane Smith Is Returning to the Spotlight, With Few Regrets
The co-founder of the one-time media juggernaut will host a new podcast with Bill Maher as a recurring guest.

Wall Street Journal US Business
Jun 05, 2024

McDonald's Loses Big Mac Trademark Over Chicken in Europe
McDonald's no longer has the exclusive right to call chicken sandwiches sold in the European Union a ‘Big Mac,' an EU court ruled.

Wall Street Journal US Business
Jun 05, 2024

Hanesbrands to Sell Champion Brand for Up to $1.5 Billion
Clothing company to focus on its underwear brands, which include Hanes, Bonds, Maidenform and Bali.

Wall Street Journal US Business
Jun 05, 2024

How to Keep Your Car From Spying on You
New features on cars and phone apps can track where you go, when and how fast—among many other things. Here's what to do about it.

Wall Street Journal US Business
Jun 05, 2024

Estée Lauder's Board Plans to Keep Its Longtime CEO
Fabrizio Freda is expected to remain in the top job at the beauty giant despite its sagging performance and division in the founding family over direction.

Wall Street Journal US Business
Jun 05, 2024

NBA Nears $76 Billion TV Deal, a Defining Moment for Media and Sports
The league is closing in on deals with NBC, ESPN and Amazon that would bring in about $76 billion in media revenue over 11 years.

Wall Street Journal US Business
Jun 05, 2024

Europe Earnings Season Beats Expectations, With Recovery in Sight
European companies showed tentative signs of an earnings recovery in the first quarter, leaving investors wondering if the region has turned a corner as it braces for a shift in monetary policy.

Wall Street Journal US Business
Jun 05, 2024

Deere & Co. Cutting Production, Salaried Workforce
The farm and construction machinery maker said it plans to reduce its production and salaried workforce as part of efforts to meet its strategic priorities while reducing overlap and redundancy.

Wall Street Journal US Business
Jun 05, 2024

TSMC-Backed Vanguard Plans $7.8 Billion JV to Build Chip Plant
Vanguard International Semiconductor and NXP plan to build a plant in Singapore as chip makers seek to diversify their manufacturing bases.

Wall Street Journal US Business
Jun 05, 2024

SAP to Buy Digital Adoption Platform WalkMe
SAP agreed to buy Nasdaq-listed WalkMe for $1.5 billion, in a deal that seeks to bolster the software group's business artificial-intelligence offerings.

Wall Street Journal US Business
Jun 05, 2024

Centrica On Track to Meet Full-Year Targets
British Gas owner Centrica said it expected full-year earnings to meet analysts' expectations but cautioned that second-half results would be hit by lower energy prices.

Wall Street Journal US Business
Jun 05, 2024

Inditex Sales Grow on Success of New Collections
Zara owner Inditex said second-quarter sales rose 12%, above expectations, with new store openings, refurbishments and online business expected to further support growth going forward.

Wall Street Journal US Business
Jun 05, 2024

BYD, NIO Get Approval to Test Automated Driving Technology on China Roads
Chinese authorities have issued approvals for nine automakers, including BYD and NIO, to test their automated driving technology on roads.

Wall Street Journal US Business
Jun 04, 2024

X CEO Linda Yaccarino Loses Top Lieutenant
Joe Benarroch, head of business operations, is leaving the social-media company.

Wall Street Journal US Business
Jun 04, 2024

AT&T and Verizon Calls Briefly Disrupted by Cellphone Service Glitch
AT&T said it resolved a nationwide issue that disrupted some calls for a few hours.

Wall Street Journal US Business
Jun 04, 2024

Monsanto's Weedkiller Payout Slashed to $400 Million From $2.25 Billion
The company said it stood behind Roundup and "the overwhelming weight of scientific research and assessments by leading health regulators and scientists."

Wall Street Journal US Business
Jun 04, 2024

Intel and Apollo in $11 Billion Joint Venture for Chip Manufacturing Plant in Ireland
Apollo to hold an 49% equity interest stake in the joint venture.

Wall Street Journal US Business
Jun 04, 2024

U.S. Prosecutors Probe Global Hacking-for-Hire Operation
U.S. prosecutors are seeking to extradite an Israeli private investigator from London as part of a probe into an alleged globe-spanning hacking-for-hire operation that targeted opponents of Elliott Management and Exxon Mobil.

Wall Street Journal US Business
Jun 04, 2024

Cannabis Producer Seeks Boston Beer Merger
In a letter, the Green Thumb CEO outlined the potential benefits of a combination, including allowing the cannabis company to be listed on a major U.S. exchange.

Wall Street Journal US Business
Jun 04, 2024

British American Tobacco Keeps Outlook
British American Tobacco maintained its 2024 guidance of low-single-digit organic revenue growth as it reported performance for the first half of the year in line with its expectations.

Wall Street Journal US Business
Jun 04, 2024

Tesla China's Sales Rose in May Amid EV Demand Recovery
Tesla's sales in China rose in May, as the country's demand for electric vehicles picked up, thanks to government trade-in programs and consumer interest generated by the Beijing Auto Show.

Wall Street Journal US Business
Jun 04, 2024

Deutsche Telekom's Largest Shareholder Cuts Stake
German state-owned bank KfW sold 110 million shares in Deutsche Telekom for $2.7 billion to free up funds for investment in Deutsche Bahn.

Wall Street Journal US Business
Jun 03, 2024

Spotify Shares Jump on Price Hikes
Shares of Spotify Technology advanced after the audio streaming company said it would raise prices for the second time in a year.

Wall Street Journal US Business
Jun 03, 2024

Toyota Motor Suspends Japan Sales of Three Models on Certification Issues
Toyota Motor and two other automakers suspended shipments of several models in Japan after they discovered they didn't fully follow the government's testing standards when seeking certifications on their models.

Wall Street Journal US Business
Jun 03, 2024

Atos Assessing Two Revised Rescue Bids
Atos received revised bids from the two investor groups vying for control of the debt-laden French I.T. firm and said it will work with creditors to help it decide between the proposals this week.

Wall Street Journal US Business
Jun 03, 2024

China Electric-Vehicle Shares Rally After Strong Sales in May
Shares of Chinese electric-vehicle makers surged after some reported record sales in May, spurring hopes that more price cuts are around the corner as companies race to grow market share.

Wall Street Journal US Business
Jun 02, 2024

Washington Post Replaces Executive Editor Sally Buzbee
Matt Murray, former editor in chief of The Wall Street Journal, and Robert?Winnett of Telegraph Media Group will take on top newsroom roles.

Wall Street Journal US Business
Jun 02, 2024

Revised Skydance Offer Gives Paramount Shareholders Opportunity to Cash Out at Roughly $15 a Share
The proposed price represents a 26% premium from where the nonvoting shares of Paramount Global closed Friday.

Wall Street Journal US Business
Jun 02, 2024

Their Loved Ones Died in Plane Crashes. Now They Fight for Change.
The Boeing 737 MAX and Colgan Air accidents have spurred grieving families to push for accountability and safety improvements—with some recent wins.

Wall Street Journal US Business
Jun 02, 2024

The CEO Trying to Smooth U.S.-China Tensions in Farm Country
Jeff Rowe is fighting criticism over pesticide giant Syngenta's foreign ownership.

Wall Street Journal US Business
Jun 01, 2024

Boeing's Starliner Launch Delayed Minutes Before Takeoff
NASA said the next launch attempt could take place as soon as Wednesday.

Wall Street Journal US Business
Jun 01, 2024

Dr Pepper Ties Pepsi as America's No. 2 Soda
After decades as a distant contender, Dr Pepper has climbed the ranks with help from hefty marketing, novel flavors and TikTok videos.

Wall Street Journal US Business
Jun 01, 2024

Elon Musk's Latest Dust-Up: What Does 'Science' Even Mean?
A debate with Meta's AI chief ensued after he criticized Musk and his xAI startup.

Wall Street Journal US Business
Jun 01, 2024

Airlines Are Mastering the Dark Art of the Upsell
You've already bought your ticket—but the sales pitch is just getting started. Could a "press for Champagne" button be next?

Wall Street Journal US Business
May 31, 2024

The Wall Street Whisperer Leading the Charge for Elon Musk's $46 Billion Pay Package
Tesla chair Robyn Denholm is trying to convince investors to approve Musk's pay package

Wall Street Journal US Business
May 31, 2024

America's Oldest Craft Brewer Gets a Lifeline From Chobani CEO
Anchor Brewing closed last year due to slumping sales.

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