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   NEWS: WALL STREET JOURNAL US BUSINESS
Wall Street Journal US Business
Jan 24, 2025

Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Wall Street Journal US Business
Jan 24, 2025

Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service
The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.

Wall Street Journal US Business
Jan 24, 2025

Amazon Willing to Discuss Quebec Shutdown With Canadian Officials
Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country's French-speaking province, which would lead to 1,700 people losing their jobs.

Wall Street Journal US Business
Jan 24, 2025

Target Drops DEI Goals and Ends Program to Boost Black Suppliers
Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America's retreat from DEI initiatives.

Wall Street Journal US Business
Jan 24, 2025

Novo Nordisk Shares Surge on New Obesity Drug Results
Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.

Wall Street Journal US Business
Jan 24, 2025

EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy
The European Commission said that the parties' offer to sell five of International Paper's plants in Europe fully addresses its competition concerns over the deal.

Wall Street Journal US Business
Jan 24, 2025

Google to Put Warnings on U.K. Businesses Using Fake Online Reviews
The search giant has offered to start punishing British businesses that boost their star ratings with fake reviews and the people that post them, ending the U.K. competition watchdog's investigation into online reviews.

Wall Street Journal US Business
Jan 24, 2025

Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business
The company's shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.

Wall Street Journal US Business
Jan 24, 2025

Verizon Results Boosted by Higher Prices, Gain in Wireless Customers
The New York telecommunications giant's quarterly earnings beat Wall Street forecasts as higher prices helped to boost revenue.

Wall Street Journal US Business
Jan 24, 2025

If You Need to Escape a Wildfire in an EV, Here Is What to Know
Driving an electric car in a wildfire emergency has its own unique challenges and benefits.

Wall Street Journal US Business
Jan 24, 2025

CaixaBank's CFO Sees Case for Dealmaking Among Europe's Banks
Growth through acquisitions isn't part of CaixaBank's latest three-year plan, it should be for other banks in Europe, Caixa's finance chief Javier Pano said in an interview.

Wall Street Journal US Business
Jan 24, 2025

Tesla to Recall Cars in China on Safety Concerns
Tesla China plans to fix 1.2 million China-made and imported vehicles with software issues.

Wall Street Journal US Business
Jan 24, 2025

Korea Zinc Shares Rally After Adopting New Investor Protection Rules
Korea Zinc's shares rose sharply a day after the world's leading zinc smelter decided to adopt new rules that management said would bolster minority shareholders' rights.

Wall Street Journal US Business
Jan 24, 2025

Burberry Sees Positive Signs as Turnaround Plan Continues
The company upgraded its earnings outlook as sales returned to growth in the Americas, saying efforts to revamp its brand showed positive signs over the key holiday period.

Wall Street Journal US Business
Jan 24, 2025

Rolls-Royce Strikes Contract to Supply Nuclear Reactors for U.K. Submarines
Rolls-Royce will manufacture nuclear reactors to power new U.K. submarines under a contract valued approximately at $11.1 billion.

Wall Street Journal US Business
Jan 24, 2025

China's WeRide Wants to Build Global Robotaxi Empire
The Chinese autonomous-driving company is aiming to make more inroads overseas this year, betting that robotaxis and related services will be in high demand in coming years.

Wall Street Journal US Business
Jan 24, 2025

Signify CEO Agrees to Step Down After Nine Years
The lighting company said Chief Executive Officer Eric Rondolat would step down after its annual general meeting on April 25.

Wall Street Journal US Business
Jan 24, 2025

U.K. Firms Face Increased Financial Distress, Study Says
British business is set for a tough year, with a worrying surge in the number of firms entering "critical" financial distress in the final quarter of 2024, according to consultancy Begbies Traynor.

Wall Street Journal US Business
Jan 24, 2025

Givaudan Reports Profit Rise, Expects to Exceed Five-Year Sales Target
The flavor-and-fragrance company said full-year net profit for 2024 rose 22% to $1.2 billion, beating analyst expectations.

Wall Street Journal US Business
Jan 24, 2025

Warburg Pincus, CVC Among Bidders in Fray for Philippines' Largest Private Hospital
Private-equity firms are among several bidders vying for a stake in the largest private hospital in the Philippines in a deal that could value the business at around $3.0 billion, people familiar with the process said.

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.

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