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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 25, 2024

Unilever Backs Guidance as Sales Beat Forecasts
Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize.

Wall Street Journal US Business
Apr 25, 2024

STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.

Wall Street Journal US Business
Apr 25, 2024

Sanofi Sales, Profit Beat Forecasts
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.

Wall Street Journal US Business
Apr 25, 2024

Posco Holdings' Net Fell on Sluggish Demand, Higher Costs
Posco said higher raw material prices weighed on earnings amid a slowdown in the industry, though increased steel product prices cushioned the fall in its operating profit.

Wall Street Journal US Business
Apr 25, 2024

Barclays Backs Guidance After Profit Beat
Barclays confirmed its 2024 forecasts after it reported better-than-expected profits and income for the first quarter.

Wall Street Journal US Business
Apr 25, 2024

Hyundai Motor's Earnings Fell on Sluggish Car Demand
South Korea's biggest automaker said net profit for the quarter ended March fell 1.3% and warned of intense competition and rising marketing costs.

Wall Street Journal US Business
Apr 25, 2024

Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle's first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.

Wall Street Journal US Business
Apr 25, 2024

WPP Revenue Hit by Tech Pullback
WPP backed its full-year revenue guidance after its first-quarter results were hurt by weaker spending by technology clients and project delays.

Wall Street Journal US Business
Apr 25, 2024

BHP Seeks Mining Megadeal With Anglo American Bid Deal
The mining giant has offered to buy its longtime rival with a market cap of about $35 billion, in a deal that could reshape the global mining industry.

Wall Street Journal US Business
Apr 25, 2024

Swedbank Upbeat on Economic Recovery
Swedbank's earnings fell in the first three months of 2024, with higher interest rates weighing on net interest income, but the bank said an improving economy should boost performance over the year as it looks to move on from tangles with regulators over money laundering.

Wall Street Journal US Business
Apr 25, 2024

Dassault Systemes Full Year on Target After Profit Rise
Dassault Systemes confirmed its full-year financial forecasts after posting a 5% increase in operating profits for the first three months.

Wall Street Journal US Business
Apr 25, 2024

Hipgnosis Accepts Improved Concord Offer
Hipgnosis, home to the catalog of artists such as Neil Young, Shakira and Red Hot Chili Peppers, has agreed to an improved $1.5 billion takeover by Concord Chorus, trumping an approach from Blackstone.

Wall Street Journal US Business
Apr 25, 2024

BNP Paribas Confirms Outlook After Earnings Beat
BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit.

Wall Street Journal US Business
Apr 24, 2024

IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp's roster of some 4,400 clients.

Wall Street Journal US Business
Apr 24, 2024

Blackstone to Buy Franchiser Tropical Smoothie Cafe
The deal values the smoothie chain at around $2 billion, including debt.

Wall Street Journal US Business
Apr 24, 2024

Boeing Burns Through $4 Billion of Cash and Scales Back 737 MAX Production
The aircraft maker has cut production to fix quality problems after door-panel blowout.

Wall Street Journal US Business
Apr 24, 2024

Hasbro Shares Gain as Cost Cuts Boost Margins
The maker of Transformers action figures and Monopoly board games said it swung to a profit, even as revenue fell.

Wall Street Journal US Business
Apr 24, 2024

Moncler Sales Beat Forecasts Amid Solid Demand in China
The Italian luxury-fashion company said revenue for the Moncler brand grew 26% in Asia.

Wall Street Journal US Business
Apr 24, 2024

Michelin Backs Targets After Weaker Demand Hurts Sales
Sales for the French tire manufacturer fell to €6.64 billion from €6.96 billion in the first quarter of last year.

Wall Street Journal US Business
Apr 24, 2024

Noncompete Clauses: What They Are and What to Know Before Signing an Agreement
The FTC has issued a plan to ban noncompete clauses. Here's what you need to know about them—and what to keep in mind before signing an agreement.

Wall Street Journal US Business
Apr 23, 2024

GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM's 24% increase in quarterly profit, but China remains a trouble spot.

Wall Street Journal US Business
Apr 23, 2024

AB Foods Eyes Further Profit Growth as Primark Margins Rise
Primark owner AB Foods raised its dividend and said it expects a significant rise in full-year profit after its budget retailer delivered robust margins and higher earnings.

Wall Street Journal US Business
Apr 23, 2024

JD Sports Steps Up U.S. Push With $1.1 Billion Deal for Hibbett
JD Sports is buying Hibbett in a deal that values the American retailer at $1.1 billion, doubling down on its push into the U.S. at a challenging time for the sports-retail market.

Wall Street Journal US Business
Apr 23, 2024

Primark Owner AB Foods Profit Rises on Robust Margin Recovery
Primark owner AB Foods reported a higher profit for the first half, benefiting from some normalization of its markets and in the supply chain despite sales coming in below expectations.

Wall Street Journal US Business
Apr 23, 2024

Nidec Corp. Posts Net Loss on EV-Motor Business Restructuring
Nidec Corp. reported a fourth-quarter net loss on restructuring expenses for its electric-vehicle traction motor business as severe competition disrupts the EV market in China.

Wall Street Journal US Business
Apr 23, 2024

Primark Owner AB Foods Profit Rises on Easing Costs
Primark owner AB Foods reported a higher profit for the first half, benefiting from some normalization of its markets and in the supply chain despite sales coming in below expectations.

Wall Street Journal US Business
Apr 23, 2024

DNB Earnings Supported by Corporate Market and Strong Economy
DNB Bank's first-quarter earnings beat forecasts, helped by a positive trend in the corporate market and a resilient Norwegian economy.

Wall Street Journal US Business
Apr 23, 2024

Renault's Group Revenue Beats Expectations
Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates.

Wall Street Journal US Business
Apr 23, 2024

Akzo Nobel Beats Views as Sales Volumes Rise
Akzo Nobel reported a growth in revenue and adjusted earnings for the first quarter that exceeded expectations, with higher volumes helping its top line, and backed its outlook for the year.

Wall Street Journal US Business
Apr 23, 2024

Chinese Bubble Tea Maker Slides in Hong Kong Trading Debut
Shares of Chinese bubble tea maker Sichuan Baicha Baidao Industrial slumped on lukewarm demand and comes ahead of planned listings by tea rivals Mixue Ice Cream & Tea and Guming.

Wall Street Journal US Business
Apr 23, 2024

Novartis Ups Guidance on Profit, Sales Growth
Novartis lifted its full-year guidance after first-quarter profit and sales rose and beat consensus expectations, boosted by strong sales of key drugs.

Wall Street Journal US Business
Apr 22, 2024

Asian Buyout Firm Begins Sale Process for $800 Million Malaysia Hospital Business
Buyout firm Affinity Equity Partners has started the sale process of one of Malaysia's largest healthcare providers, valued at more than $800 million, people familiar with the process said.

Wall Street Journal US Business
Apr 22, 2024

FTC Blocks $8.5 Billion Deal Uniting Coach, Michael Kors
The antitrust regulator says Tapestry's purchase of Capri Holdings hurts competition among affordable luxury handbag sellers; Companies vow to defend merger.

Wall Street Journal US Business
Apr 22, 2024

Honda, Canada on Verge of Deal to Build EV-Assembly Plant in Ontario
Honda Motor is nearing a deal to assemble EVs and components in Canada, with the government agreeing to partly offset the Japanese auto maker's capital costs through recently unveiled tax breaks.

Wall Street Journal US Business
Apr 22, 2024

Disney Technology Chief Departs
Aaron LaBerge will become chief technology officer of Penn Entertainment.

Wall Street Journal US Business
Apr 22, 2024

Vista Outdoor Shares Rise After It Tells MNC Capital to Raise Offer
Vista says MNC's current proposal isn't superior to its agreement with Czech defense company CSG.

Wall Street Journal US Business
Apr 22, 2024

Kroger, Albertsons to Sell More Stores, Looking to Appease Regulators
Kroger and Albertsons have agreed to sell over 160 additional stores in a divestiture package, a bid to appease competition regulators and close their long-pending merger.

Wall Street Journal US Business
Apr 22, 2024

Tesla, Li Auto Cut Prices in China as EV Competition Heats Up
The price cuts came as sales of electric and hybrid vehicles in China surpassed those of traditional cars for the first time.

Wall Street Journal US Business
Apr 22, 2024

Verizon Communications Results Lifted by Price Hikes
Verizon Communications' revenue was up slightly in the first quarter as the company lost fewer postpaid phone connections than expected and benefited from higher prices for its plans.

Wall Street Journal US Business
Apr 22, 2024

Tomb Raider Owner Embracer Plans Three-Way Split
Embracer said it planned to split into three separately listed companies in a move aimed at shoring up investors' support amid stubbornly high debt.

Wall Street Journal US Business
Apr 22, 2024

CVC Looks to Raise €250 Million in Amsterdam Float
CVC has priced its IPO implying a market valuation of up to $16 billion and said it planned to raise €250 million.

Wall Street Journal US Business
Apr 22, 2024

Hipgnosis Gets $1.5 Billion Approach From Blackstone
Hipgnosis, home to the catalogue of artists such as Neil Young, Shakira and Red Hot Chili Peppers, said it received a $1.5 billion approach from Blackstone that it would be prepared to recommend if a formal offer was made.

Wall Street Journal US Business
Apr 22, 2024

VW Works Closely With Unions in Germany, but UAW May Be Less Cuddly
Organizers are raring for "the real fight" after their win in Chattanooga, signaling a more adversarial dynamic than the automaker has known back at home.

Wall Street Journal US Business
Apr 21, 2024

Nissan Motor Shares Drop After Annual Profit Estimate Lowered on Slower Sales
Nissan Motor shares fell sharply after The Japanese automaker lowered its estimate for fiscal year net profit, partly due to slower car sales.

Wall Street Journal US Business
Apr 21, 2024

Nike Reverses Course as Innovation Stalls and Rivals Gain Ground
Shoe giant stumbled as CEO John Donahoe pulled away from retailers and relied on old hits. Now it says it's refocusing on cutting-edge footwear for athletes.

Wall Street Journal US Business
Apr 21, 2024

Air New Zealand Warns on Profits As Headwinds Stay Strong
Air New Zealand warned on profits as it grapples with revenue headwinds in its home market and in North America.

Wall Street Journal US Business
Apr 21, 2024

Salesforce's Talks to Buy Informatica Fizzle
The deal for the data-management software firm would have ranked among Salesforce's largest.

Wall Street Journal US Business
Apr 21, 2024

South32 Expects Gemco Wharf Operations Restart to Take Up to a Year
South32 expects it will take around a year to restart manganese ore exports from Australia following cyclone damage, unless it can find an alternative shipping option.

Wall Street Journal US Business
Apr 21, 2024

Company Bosses Draw a Red Line on Office Activists
Google's dismissal of protesting workers is the latest example of employers pushing back against pressure tactics by staff.

Wall Street Journal US Business
Apr 21, 2024

Underground Thermal Energy Networks May Be About to Have Their Moment
These climate-friendly heating-and-cooling systems are drawing support from states, cities, utilities and developers.

Wall Street Journal US Business
Apr 21, 2024

Chipotle Keeps Raising Prices. Gym Rats and Millennials Are Still Buying Burritos.
Despite repeated price increases, the burrito chain is outperforming restaurant competitors with customers who tend to have higher incomes and be health conscious.

Wall Street Journal US Business
Apr 21, 2024

Diversity Goals Are Disappearing From Companies' Annual Reports
Dozens of firms change what and how they report on their diversity initiatives as DEI programs come under legal and political threat.

Wall Street Journal US Business
Apr 20, 2024

Unions Take Aim at South After UAW Win
A successful drive at a VW plant in Tennessee has organizers eyeing gains in a fast-growing region that has historically been inhospitable to unions.

Wall Street Journal US Business
Apr 20, 2024

The Secret Retreats That Have CEOs, VIPs and Billionaires Jockeying for Invites
Ultraexclusive conferences are booming. In Sicily, Aspen and Stockholm, Elon Musk and Margot Robbie mingle with bank leaders and media moguls. ‘There's always another VIP level.

Wall Street Journal US Business
Apr 19, 2024

VW Workers Vote to Join UAW in Historic Southern Win for Union
The victory at the Tennessee factory helped the union toward its goal of reversing declining membership by organizing foreign-owned factories.

Wall Street Journal US Business
Apr 19, 2024

He Loves Speed, Hates Bureaucracy and Told Ferrari: Go Faster
A tech executive with a new management strategy took the wheel of the luxury carmaker. Then it was off to the races.

Wall Street Journal US Business
Apr 19, 2024

Inside the Financials of Skydance, Paramount's Suitor
The companies are in exclusive merger talks. Skydance expects a surge in growth in coming years.

Wall Street Journal US Business
Apr 19, 2024

Aviation-Safety Officials Warn on Air-Traffic Controller Fatigue After Close Calls
The FAA issued a directive to ensure minimum rest periods for controllers as a study said more changes are needed to avoid safety risks.

Wall Street Journal US Business
Apr 19, 2024

Tesla to Recall 3,878 Cybertrucks Due to Accelerator Pedal Problem
The National Highway Traffic Safety Administration says the Cybertruck's accelerator pedal pad might dislodge and get trapped, causing the vehicle to accelerate unintentionally.

Wall Street Journal US Business
Apr 19, 2024

Warner Bros. Discovery Lost Money Last Year. Its CEO Got a $50 Million Payday.
Much of Chief Executive David Zaslav's compensation was tied to free cash flow, which soared amid cost-cutting efforts.

Wall Street Journal US Business
Apr 19, 2024

The Push to StoreRenewable Energy in Massive Salt Caverns
Renewable power is used to produce hydrogen, which is stored in underground caverns until it is needed for green energy.

Wall Street Journal US Business
Apr 19, 2024

China's Securities Regulator Eases Trading Rules With Hong Kong
China's securities regulator released a series of measures to boost trading with Hong Kong, the country's latest move to shore up investor confidence after recent stock-market volatility.

Wall Street Journal US Business
Apr 19, 2024

Disneyland Performers Push to Unionize, Protesting Pay, Costume Injuries and 'the Dungeon'
Performers are sharing concerns over benefits, health and safety as they work to form a union.

Wall Street Journal US Business
Apr 19, 2024

Nissan Motor Cuts Annual Profit Estimate on Lower Vehicle Sales
Nissan Motor cut its net profit estimate for the fiscal year, missing analysts' expectations, as it sold fewer cars than previously expected due to heightened competition.

Wall Street Journal US Business
Apr 19, 2024

Schneider Electric Confirms Talks With Bentley Systems
The confirmation from Schneider came after The Wall Street Journal reported the French company was in talks to take control of Bentley in a deal that could be worth more than $15 billion.

Wall Street Journal US Business
Apr 18, 2024

Woodside Revenue Falls on Lower Prices, Volumes
Woodside Energy said weaker output and lower realized prices for its oil and natural gas drove a drop in sales revenue in its latest quarter.

Wall Street Journal US Business
Apr 18, 2024

Corporate America Knows We're Miserable. Is a Toilet Bomb the Answer?
Light beer, air freshener, spicy pretzels: It's all part of a marketing push to improve our mood.

Wall Street Journal US Business
Apr 18, 2024

FAA, United Investigate Cockpit Visitor During Colorado Rockies' Flight
The regulator and airline are looking into how a person traveling with the baseball team was seen in the cockpit during a charter flight from Denver to Toronto.

Wall Street Journal US Business
Apr 18, 2024

Netflix Password Crackdown Delivers Millions of New Customers
The streaming giant said it would continue to diversify its slate and product features as it added 9.33 million subscribers in the first quarter.

Wall Street Journal US Business
Apr 18, 2024

Canada Targets 12 Foreign Grocers to Lure to Food-Retailing Market
Industry Minister François-Philippe Champagne has criticized Canada's three biggest grocery companies—Loblaw, Metro and Empire—for failing to be transparent on the causes of food inflation.

Wall Street Journal US Business
Apr 18, 2024

Jabil Places CEO Kenneth S. Wilson on Paid Leave Pending Investigation
The electronics contract manufacturer said the conduct in question doesn't relate to or affect the its financial statements. The company named CFO Michael Dastoor as interim CEO.

Wall Street Journal US Business
Apr 18, 2024

Nordstrom Family Weighs Taking Retailer Private
The department-store chain has formed a special board committee and tapped bankers to consider a potential bid.

Wall Street Journal US Business
Apr 18, 2024

Spanish Beauty Group Puig Targets Close to $15 Billion Valuation in IPO
The Barcelona-based beauty company—which also owns the Carolina Herrera, Paco Rabanne and Nina Ricci fashion houses—has set the price range at €22.00 to €24.50 a share.

Wall Street Journal US Business
Apr 18, 2024

Test Your Knowledge About Electric Cars With Our Quiz
First question: Which country leads the way in EVs?

Wall Street Journal US Business
Apr 18, 2024

Ericsson Lays Off More Than 200 Employees in China
Ericsson has laid off 240 employees in China, part of a restructuring in the country that will affect one of its largest research hubs globally.

Wall Street Journal US Business
Apr 18, 2024

EasyJet Sees Narrower Loss as Travel Demand Builds
EasyJet expects to report a headline pretax loss of roughly $423 million-$448 million in the first half, with demand for summer bookings continuing to build.

Wall Street Journal US Business
Apr 18, 2024

Hipgnosis Agrees to $1.4 Billion Concord Takeover
Hipgnosis Songs Fund has agreed to a $1.4 billion takeover by Concord Chorus, which is owned by Alchemy Copyrights.

Wall Street Journal US Business
Apr 18, 2024

BP to Simplify Group Structure, Trim Leadership Team
BP said the changes are part of a plan to turn it into an integrated energy company and invest more in low-carbon activities.

Wall Street Journal US Business
Apr 18, 2024

BP to Simplify Structure, Trim Leadership Team
BP said the changes are part of a plan to turn it into an integrated energy company and invest more in low-carbon activities.

Wall Street Journal US Business
Apr 18, 2024

ABB Lifts Profit Outlook Despite Sales Miss
ABB raised its profit guidance for 2024, despte reporting flat revenue for the first quarter that missed consensus expectations and weaker group orders.

Wall Street Journal US Business
Apr 18, 2024

Nokia Expects Demand in Mobile Networks to Pick Up
Nokia posted first-quarter earnings that beat expectations and said the period marked the low point in mobile networks demand, with activity expected to progressively pick up through the remainder of 2024.

Wall Street Journal US Business
Apr 18, 2024

Danone Backs Outlook as Sales, Volumes Beat Estimates
Danone said it expected like-for-like sales growth of between 3% and 5% in 2024, and confirmed it anticipated a moderate improvement in recurring operating margin.

Wall Street Journal US Business
Apr 17, 2024

Esprit Shares Gain on Deal for Possible Private Equity Injection
Esprit shares surged after the troubled fashion retailer said it was on the cusp of winning investment from an international private-equity group.

Wall Street Journal US Business
Apr 17, 2024

Inside Amazon's Secret Operation to Gather Intel on Rivals
Staff went undercover on Walmart, eBay and other marketplaces as a third-party seller called ‘Big River.' The mission: to scoop up information on pricing, logistics and other business practices.

Wall Street Journal US Business
Apr 17, 2024

23andMe CEO Anne Wojcicki Plans to Take Company Private
The intentions, revealed in a public filing, come after the once-hot company's share price closed at a new low and its enterprise value fell below zero.

Wall Street Journal US Business
Apr 17, 2024

BHP Maintains Annual Guidance as Third-Quarter Iron-Ore Production Falls 7%
BHP Group maintained its annual iron-ore production guidance after third-quarter volumes fell by 7% compared with the prior three months.

Wall Street Journal US Business
Apr 17, 2024

Santos's Oil, Natural Gas Output Fell 7% in First-Quarter
Santos said its oil and natural gas production fell by 7% in its latest quarter, after its operations were disrupted by bad weather and planned maintenance.

Wall Street Journal US Business
Apr 17, 2024

Tesla Tries to Revive Elon Musk's Big Payday After Court Rejected It
The multibillion-dollar compensation deal was previously struck down in court.

Wall Street Journal US Business
Apr 17, 2024

NPR Editor Resigns After Publicly Criticizing Coverage, Calls New CEO 'Divisive'
Uri Berliner is suspended after criticizing NPR in another outlet. "I've been hammering away at these things for years…and nothing has changed."

Wall Street Journal US Business
Apr 17, 2024

Alaska Air Resumes Flights After Technology Problem
The carrier says there might be residual delays throughout the day Wednesday.

Wall Street Journal US Business
Apr 17, 2024

Tesla Wants Shareholders to Approve Elon Musk's Pay Package. Again.
The $55.8 billion compensation deal was previously struck down in court.

Wall Street Journal US Business
Apr 17, 2024

Top Companies for Financial Strength
Apple heads this list from the Management Top 250, followed by Microsoft and Alphabet

Wall Street Journal US Business
Apr 17, 2024

How to Make Climate Progress: Tie it to CEO Pay
More company boards are doing just that. But the key is to do it right.

Wall Street Journal US Business
Apr 17, 2024

Boeing's Quality Complaints Mount as Another Whistleblower Comes Forward
A former quality manager will provide written testimony that will be part of a congressional hearing Wednesday.

Wall Street Journal US Business
Apr 17, 2024

From NPR to NBC, Newsrooms Test Management's Tolerance for Dissent
Uri Berliner is suspended after criticizing NPR in other outlet. "I've been hammering away at these things for years…and nothing has changed."

Wall Street Journal US Business
Apr 17, 2024

Volkswagen to Cut EV Costs With New Production Platform in China
Volkswagen and XPeng have a new framework deal to co-develop electrified and digitized architecture to be used in VW brand EVs produced in China.

Wall Street Journal US Business
Apr 17, 2024

EP Says Bid Approach for Royal Mail Owner IDS Rejected
EP, the industrial group owned by Czech billionaire Daniel Kretinsky, didn't say what price was indicated or give any other terms of the approach, but said it looked forward to continuing to engage with the IDS board.

Wall Street Journal US Business
Apr 17, 2024

Tesla Shareholders to Vote on CEO Elon Musk Pay, Incorporating in Texas
Tesla asked shareholders to vote on Musk's compensation package and moving its state of incorporation from Delaware to Texas.

Wall Street Journal US Business
Apr 17, 2024

ASML Lackluster Orders Miss Forecasts as Demand Recovery Awaited
ASML reported lower orders for the first quarter as chip makers wait for demand to recover before securing key production equipment for the coming years.

Wall Street Journal US Business
Apr 17, 2024

A Rejuvenated UAW Aims to Unionize Volkswagen Workers
The union is aiming to use the momentum from Detroit deals to expand in the South by organizing a plant owned by a foreign automaker.

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