- + For AI, a Few Seconds of Power Becomes a Booming Business—Expansion of data centers fuels demand for generators and battery backups: “You cannot have downtime.” [Category: PAID]
- + Howard Schultz Is Giving His Successor at Starbucks Advice on LinkedIn—The former CEO calls for a “focus on customer experience” in a post after the company’s earnings miss. [Category: PAID]
- + Vinci Begins CEO Succession Plan With Appointment of New COO—Vinci has appointed company veteran Pierre Anjolras as chief operating officer, marking the first step in the process to name a successor for chief ex...
- + EQT to Buy U.S. Digital Consultancy Perficient for $3 Billion—Swedish private-equity firm EQT said it will pay $76 a share, a 58% premium to Perficient’s closing price on Friday. [Category: PAID]
- + Atos Considers Four Restructuring Offers—Atos said the proposals were from a group of bondholders and banks, Bain Capital, EP Equity Investment and Onepoint, adding that it had signed a $108 ...
- + Li Auto Shares Gain on Strong L6 Orders—Li Auto shares rose sharply after the Chinese electric-vehicle maker posted strong orders for its first model priced under 300,000 yuan, or the equiva...
- + Singtel Taps Head of Australia's Broadband Operator for Optus—Singapore Telecommunications has appointed Stephen Rue to lead its Australian telecom operations as part of efforts to rebuild the unit’s reputation, ...
- + Boeing's Big Space Test: Using Starliner to Ferry NASA Astronauts—The spacecraft is set to take a crewed flight to the International Space Station after years of delays and falling behind SpaceX. [Category: PAID]
- + ABC News President Kim Godwin Is Stepping Down—Godwin’s move came months after a corporate restructuring that effectively stripped away much of her management autonomy. [Category: PAID]
- + Qantas to Pay Civil Penalty for Selling Tickets on Canceled Flights—Australia’s major airline will pay a civil penalty of $66.1 million to resolve court proceedings with a regulator which alleged the airline had advert...
- + Reclassifying Marijuana Could Unlock Billions in Tax Savings for Cannabis Companies—The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings. [Category: PAID]
- + Why It Pays to Start Companies in Recessions—A study suggests that when jobs are hard to come by, the best workers are more available—and stay longer. [Category: PAID]
- + Consumers Fed Up With Food Costs Are Ditching Big Brands—After years of price increases, food companies say more consumers pull back. Fast-food chains and snack makers plan new deals and flavors. [Category: ...
- + Inside One Record Store Riding the Vinyl-Revival Wave—The Attic, near Pittsburgh, looked like it wasn’t going to survive in the early 2000s. Now it sells all genres to customers young and old. [Category: ...
- + Retailers Scale Back Self-Checkouts to Curb Irritation---and Theft—Problems with the technology are prompting companies including Target and Walmart to change their operations or ditch the stations. [Category: PAID]
- + Boeing Locks Out Firefighters at 737 Factory Amid Contract Dispute—The airplane maker and the firefighters’ union have been wrestling for months over wages and staffing levels. [Category: PAID]
- + America's War Machine Runs on Rare-Earth Magnets. China Owns That Market.—China dominates the market, but U.S. defense needs are pushing a revival effort after decades of deindustrialization. [Category: PAID]
- + Elon Musk Tries to Make Himself Indispensable at Tesla Ahead of Pay Vote—The CEO is shifting the EV maker’s strategy and suggesting that he could take his ideas on AI elsewhere. [Category: PAID]
- + Bombardier Sets Course Beyond Jet Making for Future Growth—The Canadian business-jet manufacturer said it plans to focus on three segments—defense, aftermarket services and selling pre-owned certified aircraft...
- + AI Could Breathe Life Back into Apple's iPhone Sales—Apple — and investors — are looking to artificial intelligence to breathe new life into its offerings, particularly as iPhone sales continue to sputte...
- + EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions—The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026. [Category: PAID]
- + Questions Potential Business Partners Should Ask Themselves—Starting a new company with somebody requires a hard conversation. Better now than later. [Category: PAID]
- + FTC Seeks More Information on $16.5 Billion Novo-Catalent Deal—The request signals that the agency is reviewing whether the deal could be anticompetitive under U.S. law. [Category: PAID]
- + Exxon Completes $60 Billion Pioneer Natural Resources Acquisition—Exxon Mobil has completed its $60 billion acquisition of rival Pioneer Natural Resources after reaching an agreement with antitrust regulators, closin...
- + Puig Shares Jump on Debut—Shares of Jean Paul Gaultier owner Puig rose sharply above the listing price on their trading debut in Spain after the world’s biggest initial public ...
- + Boeing's Latest Trouble Is a Jet Part Caught Up in Russia Sanctions—The plane maker can’t deliver enough 787 Dreamliners after sanctions disrupted production of heat exchangers. [Category: PAID]
- + Societe Generale Shares Climb on Above-Forecast First Quarter—Societe Generale’s results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail bank...
- + Credit Agricole to Meet Targets Early—Credit Agricole posted a rise in first-quarter earnings that beat expectations on revenue growth across all its businesses and said it would reach its...
- + Legrand Misses Forecasts But Keeps Outlook—Legrand posted lower profits for its first quarter following a slowdown in the construction sector, but confirmed its financial targets for the year. ...
- + Daimler Truck Targets Unchanged After Earnings Beat—Daimler Truck reported higher core profits in the first quarter, driven by gains in North America, and said it was on track to meet its financial targ...
- + Danske Bank Outlook on Track as Demand Sustained—Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong ...
- + The Universal Music-TikTok Spat Is Over. Here's What Artists Won.—The deal comes after their prior licensing contract expired, prompting Universal to pull all of its artists’ songs off TikTok at the beginning of Febr...
- + Former Pioneer CEO Is Accused of Trying to Collude With OPEC—The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe. [Catego...
- + Sony, Apollo Make $26 Billion All-Cash Offer for Paramount—Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equ...
- + ING Continues Buybacks to Boost Captial Ratio—ING shares rose after the Dutch lender said it plans to buy back up to €2.5 billion of shares and reported a first-quarter profit driven by income fro...
- + Peloton CEO Barry McCarthy to Step Down Amid Fresh Layoffs—The fitness-equipment maker has warned of cash-flow issues and continued losses amid a decline in paying subscribers and a recall. [Category: PAID]
- + WegovySales More Than Double as Demand Soars—Novo Nordisk raised its full-year guidance to reflect better pricing in the U.S. and as global demand for its hit weight-loss and diabetes drugs conti...
- + BYD's First-Quarter Story Is in The Margins—BYD, the world’s largest electric-vehicle maker, paid a price for aggressively cutting prices on its cars, grinding revenue growth to a four-year low ...
- + Musk Has a Vision for Tesla's Robotaxi. OthersCan'tSee It.—Carmaker plans to show off its automated vehicle this summer, but tech and regulatory hurdles remain before it can become reality. [Category: PAID]
- + Disaster Loans Provided a Lifeline. Now Small Businesses Owe Billions in Fees.—The government has referred 860,000 delinquent Covid loans for collection—tacking on billions of dollars in fees for small-business borrowers. [Catego...
- + Universal Music Artists to Return to TikTok After New Licensing Deal—The deal comes after the companies failed to reach an agreement, prompting Universal to pull all of its artists’ songs off TikTok at the beginning of ...
- + Maersk Sees Overcapacity Issues Persisting—Maersk raised the lower end of its full-year guidance despite expecting the overcapacity challenges that have plagued the industry to continue, potent...
- + Hugo Boss Keeps Outlook After Strong First Quarter—Hugo Boss reported profit and revenue growth in the first quarter, helped by brand investment and efficiency gains, and confirmed its full-year target...
- + Shell Launches $3.5 Billion Buyback—Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation ...
- + Pandora Lifts Sales Outlook After Strong Start to Year—Pandora raised its revenue guidance after reporting a market-beating result for the first quarter, and said the second quarter had got off to a health...
- + ArcelorMittal Cautious Despite Earnings Beat—ArcelorMittal reported better-than-expected earnings for the first quarter after volumes and prices improved, but cautioned that economic sentiment re...
- + NIO Shares Jump After Strong Sales Amid EV Price War—The Chinese electric-vehicle maker’s shares are on track for their largest one-day gain in more than two years. [Category: PAID]
- + Rio Tinto Declines Comment on Whether Considering Rival Anglo American Bid—The chair of Rio Tinto declined to comment on whether the world’s second-largest miner by market value is weighing a bid for Anglo American, the targe...
- + Ex-Pioneer CEO Barred From Exxon Board for Megadeal to Close—Antitrust enforcers are set to allege former Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC. [...
- + Exxon to Close Megadeal; Pioneer Ex-CEO to Be Barred from Exxon Board in Deal With FTC—Antitrust enforcers are set to allege former Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC. [...
- + Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities—Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its f...
- + Restaurant Winners Have a Common Trait: Keeping a Lid on Prices—Restaurant chains outperforming their competitors seem to have one thing in common: keeping prices down. [Category: PAID]
- + Puig Policy to Exclude Next Generation Can Help Ease Succession Concerns—As succession drama grips corners of the luxury world, Puig’s decision to ban its next generation from working there is getting a favorable view ahead...
- + MLB Fans in Some Cities Lose Access to Local Games in Distribution Spat—Comcast and Diamond Sports Group failed to reach a new carriage agreement, leaving subscribers in some markets without access to Bally Sports regional...
- + Tesla's Downsizing Worries Supercharger Industry—Widespread layoffs within the Tesla unit are a blow to efforts to build out a national charging network. [Category: PAID]
- + Brazil's Embraer Plots a New 737-Sized Jet to Rival Boeing—The Brazilian aircraft maker has been sounding out potential partners and financial backers on plans for a new narrow-body aircraft. [Category: PAID]
- + CVS Made a Big Bet on Medicare. It's Looking Risky.—The company’s Medicare business, hit by higher medical costs, pushed down CVS’s first-quarter earnings. [Category: PAID]
- + MLB Fans in Some Cities Lose Access to Local Games in Carriage Spat—Comcast and Diamond Sports Group failed to reach a new carriage agreement, leaving subscribers in some markets without access to Bally Sports regional...
- + China EV Makers Post Higher April Sales Amid Price War—BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continu...
- + BP Goes Deeper Into Gulf of Mexico, After Triumphs and Tragedy—While rivals bank on big new plays in Guyana and Namibia, the new BP CEO is focused on heartland waters off the coast of Louisiana and Texas. [Categor...
- + Companies Trim Debt, Faced With High Rates—The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said. [Category:...
- + Next Backs Guidance as Sales Rise Tops Hopes—Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales ...
- + Aston Martin Outlook on Track, New Cars to Boost Growth—Aston Martin losses grew in the first quarter on lower revenue, but said it expected the launch of four new models this year would drive growth in the...
- + ProSiebenSat.1 Media Split Plan Narrowly Rejected at AGM—ProSiebenSat.1 Media shareholders rejected a proposal by top investor MFE-MediaForEurope to begin preparations for splitting the company into two busi...
- + Amazon Sales Surge as Company Focuses on AI—The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last y...
- + Amazon Sales Surge as Company Trains Focus on Artificial Intelligence—The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last y...
- + Starbucks Shares Plunge After Sales, Earnings Miss—Speeding up service and introducing new beverages are part of efforts to win back customers, executives say. [Category: PAID]
- + PG&E Nears Deal With KKR for Stake in Power Business Spinoff—The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power generation business. [Categ...
- + Norfolk Southern CEO Gets ISS's Backing in Proxy Fight—Norfolk Southern’s CEO has been endorsed by top proxy firm Institutional Shareholder Services as the railroad’s leadership works to fend off a proxy f...
- + McDonald's Seeks to Make Menu More Affordable for Inflation-Weary Consumers—The burger chain reported slower-than-expected same-store sales growth for the first quarter. [Category: PAID]
- + Jean Paul Gaultier Owner Puig Brands Prices IPO at Upper End of Range—Puig Brands has priced its initial public offering at the high end of the previously announced range as it prepares to list Friday, in what is set to ...
- + Meta Faces EU Probe Over Disinformation Ahead of Elections—The European Union is investigating whether Meta Platforms shirked responsibility in tackling disinformation and misleading advertising in breach of i...
- + Spain's BBVA Seeks Merger Talks With Sabadell—Banco Bilbao Vizcaya Argentaria is pursuing merger talks with smaller peer Banco de Sabadell, seeking another shot at a tie-up that could make it Spai...
- + Why Musk Now Needs China More Than It Needs Him—China used Elon Musk’s trip to promote its message that it is open to American businesses, despite rising tensions with the U.S. [Category: PAID]
- + Huawei's Net Profit Rose More Than Sixfold—Huawei Technologies’ net profit rose more than sixfold in the first quarter, helped by a jump in the Chinese telecommunication equipment maker’s smart...
- + Walmart Takes On Trader Joe's and Whole Foods With New Premium Brand—The grocery giant is rolling out curry chicken empanadas and 300 other items as it seeks to capture spending by American consumers. [Category: PAID]
- + European Carmakers Disappoint in Sluggish Start to Year—Volkswagen, Stellantis and Mercedes-Benz each said revenue and earnings fell in the first quarter, but pointed to growing pains that will generate gai...
- + Vonovia Lifted by Solid First Quarter, Trading Momentum—Vonovia shares rose sharply after the real estate company confirmed its 2024 forecasts after its first-quarter results came in ahead of consensus. [Ca...
- + Adidas Maintains Outlook as First Quarter Tops Forecasts—Adidas posted above-forecast profits for the first quarter, citing brand momentum, and confirmed its recently-lifted outlook for the year. [Category: ...
- + Glencore Sees Strong Trading Performance—Glencore backed its full-year targets across its portfolio and said it expected earnings from its trading arm to be at the top end of its annual targe...
- + Carlsberg Buoyed by Growth in Asia—Carlsberg launched a new $144 million share buyback and maintained its full-year guidance after seeing strong growth in its premium drinks, driven by ...
- + Lufthansa Expects Second-Half Improvement—Lufthansa said it expects an improvement in its second-half operating result, with capacity seen at more than 95% of prepandemic levels in the third q...
- + Stellantis Sales Fall Short of Expectations—Stellantis backed its full-year guidance despite revenue falling in the first quarter on lower sales volumes and as it prepared to launch new models. ...
- + Mercedes-Benz Posts Profit Beat Despite Lower Car Sales—Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance...
- + Clariant Confirms Outlook as Profits Rise—Clariant reiterated its full-year outlook after it reported an improved earnings margin in the first quarter, helped by lower raw material prices and ...
- + China Vanke Shares Slump After Soft Results—The property developer’s shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector. [Category: PAI...
- + Volkswagen Hit by Drop in Car Sales But Confirms Outlook—Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outloo...
- + OMV Profit Tops Hopes, Keeps Outlook—OMV reported first-quarter profits ahead of forecasts despite revenue falling on lower gas prices, and backed its full-year production guidance. [Cate...
- + Santander Confirms Outlook Despite Profit Miss—Santander posted a below-forecast rise in first-quarter net profit, for the first quarter, but said it was on track to meet its key 2024 financial tar...
- + Australian Low-Cost Carrier Bonza Goes Into Administration—Bonza, a startup low-cost carrier in Australia that competed with local heavyweights Qantas and Virgin Australia on some routes, has gone into adminis...
- + McDonald's Supersizes China Bet as Corporate America Pulls Back—The fast-food chain aims to nearly double restaurants in the country after spending $1.8 billion to buy back a bigger stake in the company’s business ...
- + How Bob Bakish, the Anti-Mogul CEO, Struggled to Rescue Paramount—The company veteran stepped down Monday with Paramount in the midst of a merger drama. [Category: PAID]
- + NBC Prepares $2.5-Billion-a-Year Bid to Pluck NBA Rights From TNT—The league is in advanced stages of a new round of media-rights deals. Disney’s payments would increase under a proposed deal. [Category: PAID]
- + A Massive U.S. Nuclear Plant Is Finally Complete. It Might Be the Last of Its Kind.—Cost overruns and delays at Southern Co.’s Plant Vogtle pushed U.S. nuclear power in a different direction. [Category: PAID]
- + Paramount Global CEO Bob Bakish Steps Down—The entertainment giant will put in place an “Office of the CEO” through which three division heads will oversee the company. [Category: PAID]
- + FCC Fines Wireless Carriers for Sharing Customer Data—Agency says four carriers sold access to customers’ location data to aggregators. [Category: PAID]
- + L'Occitane Owner Offers Buyout That Values Company at €6 Billion—The Luxembourg-based and Hong Kong-listed cosmetics company said that the offer from L’Occitane Groupe, Geiger’s holding company, to buy the remaining...
- + A Media Heiress's Bid to Sell Sets Off Mayhem Inside Paramount—The storied Hollywood company behind ‘The Godfather’ faces its biggest battle yet as Shari Redstone’s merger plans collide with shareholder fury and a...
- + Regulator Investigates Ford's Hands-Free Driving System After Fatal Crashes—The NHTSA said the incidents involved Ford’s BlueCruise system on Mach-E vehicles that collided with stationary vehicles on highways. [Category: PAID]
- + BHP, Samarco and Vale Submit $26 Billion Samarco Dam Indicative Settlement Proposal—The proposal comes amid negotiations on obligations, claims, and on resolving the incident which caused flooding in southeast Brazil. [Category: PAID]
- + Musk Wins China's Backing for Tesla's Driver-Assistance Service—Tentative approval for the software feature follows Musk’s surprise visit to Beijing and marks a crucial victory in his push to reignite Tesla’s growt...
- + Glass Lewis Backs 6 Activist Nominees for Norfolk Southern's Board—Norfolk Southern leaders were dealt a heavy blow in their proxy fight with activist investor Ancora Holdings after proxy advisory firm Glass Lewis end...
- + Executive Flights on Corporate Jets Worth Millions More Than Reported—A WSJ analysis shows the wide gap between what companies report spending on CEOs’ personal travel and what it would have cost the executives. [Categor...
- + AI Startups Have Plenty of Cash. They Often Don't Yet Have a Business.—Some startups are raising hundreds of millions of dollars before they even have a product or any revenue. [Category: PAID]
- + Investors Are Showering AI Startups With Cash. One Problem: They Don't Have Much of a Business—Some startups are raising hundreds of millions of dollars before they even have a product or any revenue. [Category: PAID]
- + Rising Food Prices Send More Shoppers to Aldi—The German grocer keeps prices low with smaller stores, fewer staffers and a slimmer product menu than bigger supermarkets. [Category: PAID]
- + French Government to Buy Some Atos Assets—Atos said the French state offered to buy parts of its big data and security arm for up to $1 billion, including debt, in a bid to prevent a collapse ...
- + PetroChina's Net Profit Rose on Higher Sales—PetroChina’s net profit and revenue rose, primarily due to a rise in sales volume for the Chinese state-controlled oil company’s oil and gas products....
- + BMW Plans $2.8 Billion China Factory Update to Boost EV Production—BMW will invest $2.8 billion to adapt one of its major Chinese factories to produce more electric vehicles in the world’s largest EV market. [Category...
- + Hipgnosis Backs Improved Blackstone Offer—Hipgnosis, home to the catalog of artists such as Neil Young, Shakira and Red Hot Chili Peppers, has agreed to an improved $1.6 billion takeover by Bl...
- + EU Raises Competition Concerns Over IAG, Air Europa Tie-Up—IAG’s planned €400 million acquisition of Air Europa could reduce competition, the EU said, concerned that customers could face increased prices and l...
- + Vivendi Posts Group-Wide Revenue Growth—Vivendi recorded a 5% revenue rise in the first quarter, with growth driven by the consolidation of Lagardere and strong performances at Canal+ and Ha...
- + BBVA Lifts Outlook After First-Quarter Profit Beat—BBVA raised its profit target for the year after first-quarter results came in above consensus expectations, helped by a 15% rise in net interest inco...
- + Philips Settles U.S. Ventilator Claims—Philips has reached a $1 billion settlement in the U.S. related its Respironics ventilators, and backed its full-year guidance. [Category: PAID]
- + TPG Telecom Agrees to Regional Network Sharing Deal With Optus—TPG Telecom will pay Optus about $653.2 million to use its rival’s mobile infrastructure in regional Australia after regulators blocked an earlier pla...
- + Musk Courts Chinese Officials to Seek Approval for Tesla's Self-Driving Technology—His visit to Beijing on Sunday comes as the electric-vehicle maker struggles with flagging demand. [Category: PAID]
- + Ukraine Aid Lifts Defense Industry as Debate Over Profits Reignites—A long-delayed $95 billion package supports shells, missiles and drones for three countries, boosting defense companies, as scrutiny grows on share bu...
- + Welcome Back, Road Warriors: Business Travel Returns—Airlines and hotels say work trips are rebounding to near prepandemic levels—”they’re hungry to meet in person.” [Category: PAID]
- + California Fast-Food Chains Are Now Serving Sticker Shock—A month after a higher state minimum wage for fast-food workers went into effect, consumers picking up burgers and burritos at chains in the Golden St...
- + Why China Keeps Making More Cars Than It Needs—Despite overcapacity, government officials keep supporting automakers, unleashing “new productive forces” and adding to trade tensions. [Category: PAI...
- + Northrop's Rocket Fuel Factory Is Slow to Take Off—The missile supplier built a factory in Utah to produce a key chemical. So far it has struggled to take off. [Category: PAID]
- + Deciphering Tesla's Plans for a Cheaper Car—How the company will make lower-price EVs remains murky, but investors seem OK—for now. [Category: PAID]
- + Kraft Heinz's CEO Is a Health Nut. Can He Remake a Processed-Food Giant?—The new CEO explains his lifestyle and his company’s approach to ketchup and Lunchables [Category: PAID]
- + He Thinks Your Next Vacation Should Be in Detroit. Yes, He's Serious.—The doom loop is over. Now it’s a boom loop. But after the city revived itself, can Detroit rebrand itself? [Category: PAID]
- + AMC Entertainment Sees Flat Revenue in Despite Fewer Film Releases—The movie-theater chain said the Hollywood writers and actors strikes from last year had dragged on box office returns. [Category: PAID]
- + Biden Administration Shelves Plan to Ban Menthol Cigarettes—The White House is reversing course after weighing the health benefits of the ban against the political risk of angering Black voters. [Category: PAID...
- + Biden Administration Shelves Plan to Ban Menthol Cigarettes—The White House is reversing course after weighing the health benefits of the ban against the political risk of angering Black voters. [Category: PAID...
- + Paramount Considers Removing CEO Bob Bakish—The board is considering installing a committee of top executives to run the company on an interim basis as turmoil over sale talks deepens. [Category...
- + Biden Administration Drops Plan to Ban Menthol Cigarettes—The administration is reversing course on its plan after the White House weighed the potential public-health benefits of banning minty smokes against ...
- + U.S. Regulators Tie Tesla's Autopilot to More Than a Dozen Fatalities, Hundreds of Crashes—The NHTSA launched a new probe into the adequacy of a two-million vehicle recall in December, after discovering more crashes linked to the controversi...
- + Paramount Considers Removing CEO Bob Bakish as Turmoil Over Sale Talks Deepens—The entertainment giant’s board is considering installing a committee of top executives to run the company on an interim basis [Category: PAID]
- + Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million—The real-estate industry has now agreed to pay nearly $1 billion to settle anticompetitive allegations. [Category: PAID]
- + NatWest's Results Beat Views on Improving Customer Confidence—NatWest’s income and profit fell by less than expected in its first quarter, reflecting an improvement in customer confidence and activity and pushing...
- + Washington's Telecom Cop Seeks New Beat: Cybersecurity—The FCC’s net-neutrality rules argue for a more active role defending cable and wireless networks from online threats. [Category: PAID]
- + Exxon, Chevron Earnings Fall Back to Earth—The oil companies are still printing big profits, but their postpandemic run of record earnings is slowing down. [Category: PAID]
- + Apollo Global to Buy U.S. Silica in $1.85 Billion Deal—U.S. Silica Holdings has agreed to be taken private by Apollo Global Management in a deal that gives the industrial minerals company an enterprise val...
- + China to Pay Consumers Up to Nearly $1,400 to Replace Old Cars—China plans to give car owners up to nearly $1,400 to replace their old cars with new ones, a move to boost slowing demand in the world’s largest elec...
- + Thoma Bravo to Buy U.K. Cybersecurity Firm Darktrace—Private equity firm Thoma Bravo said it plans to buy Darktrace in a cash deal that values the U.K. cybersecurity company at around $5 billion. [Catego...
- + CVC Soars in of Amsterdam Trading Debut—CVC shares rose 24% on the first day of trading on Amsterdam’s stock exchange, after the buyout firm priced its IPO at the mid point of its previously...
- + CVC Soars in First Day of Amsterdam Trading—CVC jumped on the first day of trading on Amsterdam’s stock exchange, after it priced its IPO at the mid point of its previously guided range, implyin...
- + Remy Cointreau Lifted by China Improvement—Remy Cointreau posted fourth-quarter sales slightly ahead of views, as it saw a better-than-expected performance in China, but continued to destock in...
- + Anglo Rejects BHP's $39 Billion Bid—The London-listed mining giant said the bid “significantly undervalues” the company, setting the stage for a potential bidding war. [Category: PAID]
- + Traton First Quarter Beats Forecasts Despite European Slowdown—Traton posted above-forecast results for the first quarter, thanks to stronger pricing and market growth in South America and despite slower momentum ...
- + NatWest Backs Guidance After First Quarter Tops Hopes—NatWest kept its 2024 guidance unchanged as its first-quarter income and profit fell slightly less than expected. [Category: PAID]
- + Thyssenkrupp Offloads Stake in Steel Business—Thyssenkrupp has agreed to sell a 20% stake in its steel business to Czech billionaire Daniel Kretinsky’s EP Corporate Group for an undisclosed sum, s...
- + TotalEnergies Plans $2 Billion Buyback After Profit Beat—TotalEnergies reported higher-than-expected profits in the first three months of the year and said it would buy back $2 billion of shares this quarter...
- + SKF Warns of Lower Sales—SKF said it expected a mid-single digit fall in sales in the second quarter, with market volatility and geopolitical uncertainty continuing, after it ...
- + Safran Backs Outlook as Revenue Beats Forecasts—Safran confirmed its full-year guidance after it posted first-quarter revenue above expectations, as the postpandemic recovery in air traffic continue...
- + Walmart Founder's Son to Retire From Retailer's Board—Walmart’s former chair and long-serving board member Rob Walton, the son of the retail giant’s founder, will retire from the company’s board in June. ...
- + Google Sales Accelerate as Ad, Cloud Businesses Hold Up Amid Costly AI Push—Parent company Alphabet reported $80.5 billion in first-quarter revenue, an increase of 15% from the same period last year. [Category: PAID]
- + Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems—Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes. [Categor...
- + Airbus Sticks to Plane-Delivery Goal, Ramps Up A350 Production—Airbus posted higher revenue and profit for the first quarter, backed its goal to deliver more planes this year than in 2023 and decided to increase p...
- + Amazon, YouTube Vie for NBA Streaming Rights as League's Media Talks Heat Up—The league is advancing toward lucrative deals with incumbent partners and is in talks with tech giants as well as NBCUniversal. [Category: PAID]
- + Canada's 'Extremely Mature' Grocery Market Leads Some Foreign Players to Pass on Entry—Canadian officials are likely to get cold shoulders without some package of financial incentives, analysts said. [Category: PAID]
- + Toyota Makes $1.4 Billion EV Investment in Indiana Facility—The latest financing effort follows an additional $1.3 billion investment at its flagship Kentucky facility. [Category: PAID]
- + The FCC Restores Net Neutrality. What It Means for the Internet—The federal agency plans to start regulating internet service like a public utility, bringing back rules that ban “fast lanes” for certain websites [C...
- + S&P Cuts Boeing's Ratings Outlook to Negative—A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agenc...
- + Southwest to Exit Four Airports as Boeing's Problems Ripple Through Industry—Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes. [Categor...
- + The FCC Is Set to Restore Net Neutrality. What It Means for the Internet—The federal agency will start regulating internet service like a public utility, bringing back rules that ban “fast lanes” for certain websites [Categ...
- + Hermes Posts Sales Growth Across All Markets—Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to ...
- + Anglo Considers Sale of Diamond Unit De Beers—The London-listed company has held conversations in recent weeks with potential buyers, including luxury houses and Gulf sovereign-wealth funds. [Cate...
- + Mining Giants Weigh $39 Billion Megadeal—Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry. [Category: PAID]
- + LG Electronics Posts Profit Turnaround on Steady Revenue Growth—The South Korean company saw steady revenue growth at its home-appliance and vehicle-component businesses, and forecasts a gradual recovery in global ...
- + Cnooc Posts Record Net Profit on Higher Oil Price, Production—Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil...
- + AstraZeneca Earnings, Sales Beat Views—AstraZeneca reiterated its full-year guidance after posting first-quarter core earnings and sales above forecasts. [Category: PAID]
- + New EPA Emissions Rules Squeeze Coal Plants—The measures, which come as power demand is surging, will force coal plants to adopt costly technology or shut down. [Category: PAID]
- + Investment Banking Lifts Deutsche Bank Profits—Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations. [Category: PAID]
- + 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 no...
- + 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 ...
- + 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 strengt...
- + 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...
- + Barclays Backs Guidance After Profit Beat—Barclays confirmed its 2024 forecasts after it reported better-than-expected profits and income for the first quarter. [Category: PAID]
- + 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. [C...
- + 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 ...
- + 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. [Cate...
- + 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...
- + 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...
- + 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. [Category: ...
- + 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 Co...
- + 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. [C...
- + 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. [Category: PAI...
- + Blackstone to Buy Franchiser Tropical Smoothie Cafe—The deal values the smoothie chain at around $2 billion, including debt. [Category: PAID]
- + 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. [Category: PAID]
- + 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. [Category: PAID]
- + Moncler Sales Beat Forecasts Amid Solid Demand in China—The Italian luxury-fashion company said revenue for the Moncler brand grew 26% in Asia. [Category: PAID]
- + 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. [Category: PAID]
- + 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. [Ca...
- + 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. [Category: PAID]
- + 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 margi...
- + 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...
- + 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 disrup...
- + 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 ...
- + 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. [Category: PAI...
- + 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 sli...
- + 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 li...
- + 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...
- + 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...
- + 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,...
- + 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 ...
- + 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 capita...
- + Disney Technology Chief Departs—Aaron LaBerge will become chief technology officer of Penn Entertainment. [Category: PAID]
- + 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. [Category: PAID]
- + 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...
- + 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. [Category: PAID]
- + 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 ...
- + 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. [...
- + 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. [Category: PAID]
- + 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 Black...
- + 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 h...
- + 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. [Catego...
- + 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 at...
- + 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. [Category: PAID]
- + Salesforce's Talks to Buy Informatica Fizzle—The deal for the data-management software firm would have ranked among Salesforce’s largest. [Category: PAID]
- + 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...
- + 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. [Category: PAID]
- + 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. [Category: PAID]
- + 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 heal...
- + 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. [Category: PAID]
- + 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. ...
- + 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. [Catego...
- + 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’...
- + 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. [Category: PAID]
- + Inside the Financials of Skydance, Paramount's Suitor—The companies are in exclusive merger talks. Skydance expects a surge in growth in coming years. [Category: PAID]
- + 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. [Category: PA...
- + 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 ...
- + 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. [Category: PAID]
- + 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. [Category: PAID]
- + 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 ...
- + 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. [Category: PAID]
- + 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 he...
- + 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 ...
- + 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. [Categor...
- + 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. [Category: PAID]
- + 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 t...
- + 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. [Cat...
- + 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 trans...
- + 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 Mic...
- + Nordstrom Family Weighs Taking Retailer Private—The department-store chain has formed a special board committee and tapped bankers to consider a potential bid. [Category: PAID]
- + 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 ...
- + Test Your Knowledge About Electric Cars With Our Quiz—First question: Which country leads the way in EVs? [Category: PAID]
- + 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. [Cate...
- + 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...
- + 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. [Category: PAID]
- + 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. [Category: PAID]
- + 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. [Category: PAID]
- + 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 order...
- + 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 ...
- + 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 oper...
- + 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. [Ca...
- + 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 pric...
- + 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 zer...
- + 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. [Category: P...
- + 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 mainte...
- + Tesla Tries to Revive Elon Musk's Big Payday After Court Rejected It—The multibillion-dollar compensation deal was previously struck down in court. [Category: PAID]
- + 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.” [Cate...
- + Alaska Air Resumes Flights After Technology Problem—The carrier says there might be residual delays throughout the day Wednesday. [Category: PAID]
- + Tesla Wants Shareholders to Approve Elon Musk's Pay Package. Again.—The $55.8 billion compensation deal was previously struck down in court. [Category: PAID]
- + 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. [Category: PAID]
- + Top Companies for Financial Strength—Apple heads this list from the Management Top 250, followed by Microsoft and Alphabet [Category: PAID]
- + 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. [Category: PAID]
- + 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. [Category: PAID]
- + 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.” [Catego...
- + 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. [Cat...
- + 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...
- + 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. [Category: PAID]
- + 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 yea...
- + 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. [Category: PAID]
- + VW Workers Vote on Unionizing Tennessee Plant in Latest UAW Push—The union is aiming to use the momentum from the Detroit deals to expand in the South by organizing a factory owned by a foreign automaker. [Category:...
- + Just Eat Orders Drop But Keeps Outlook—Just Eat Takeaway.com reported a decline in gross transaction value on lower orders for the first quarter and backed its full-year profit guidance. [C...
- + Vinci Buys Majority Stake in Edinburgh Airport—Vinci has bought a majority shareholding in Edinburgh Airport for around $1.6 billion, expanding its network in the U.K. to three airports. [Category:...
- + Volvo Profits Top Hopes Despite Easing Demand—Volvo posted forecast-beating first-quarter earnings after price increases continued to feed through, helping offset normalizing truck orders and gene...
- + Australia's Richest Person Increases Stake in Lynas Rare Earths—Australia’s richest person increased her stake in Lynas Rare Earths, prompting the miner’s shares to jump more than 5%. [Category: PAID]
- + SK Networks to Sell Car Rental Business as Focus Shifts to AI—SK Networks plans to sell its car rental business to an Asian private-equity firm, a move that would help the South Korean company pare its debt and f...
- + Rio Tinto Keeps Guidance Despite Lower Iron-Ore Shipments—Rio Tinto maintained its 2024 guidance after the mining giant reported a 10% fall in first-quarter iron-ore shipments. [Category: PAID]
- + UnitedHealth Stock Soars After Earnings Beat Expectations, Despite Cyberattack—The healthcare and insurance company expects the attack to hit its full-year earnings. [Category: PAID]
- + Take-Two Interactive to Cut 5% of Jobs, Slash Projects—The video game maker said the cost-cutting moves are expected to be finished by the end of the year. [Category: PAID]
- + Tesla Delays Cybertruck Deliveries, Leaving Buyers Confused—The pause is the latest issue for the carmaker, which recently announced job cuts. [Category: PAID]
- + Louis Vuitton Owner LVMH Posts Lower Revenue Amid Luxury Slowdown—Revenue for the first three months of the year came in at €20.69 billion, down 2%. [Category: PAID]
- + Adidas Raises Annual Profit Forecast—Adidas raised its revenue and profit expectations after a better-than-anticipated first quarter. [Category: PAID]
- + UnitedHealth Stock Jumps After Earnings Beat Expectations, Despite Cyberattack—The healthcare and insurance company expects the attack to hit its full-year earnings. [Category: PAID]
- + Are Battery-Powered Home Appliances in Our Future?—Appliances with batteries are designed to keep working when the power goes off. Some researchers believe they also could help prop up the electrical g...
- + Planet Fitness Taps Colleen Keating as New CEO—The fitness center franchiser and operator said Keating succeeds Craig Benson, who was serving as chief executive on an interim basis. [Category: PAID...
- + Baidu Says Ernie AI Chatbot Now Has 200 Million Users—The number of users of Baidu’s Ernie Bot, China’s most popular ChatGPT-style chatbot, has doubled in recent months to more than 200 million, according...
- + Dr. Martens Shares Tumble as Bootmaker Warns of Tough Year—Dr. Martens shares plummeted after the iconic British footwear and clothing brand said Chief Executive Officer Kenny Wilson plans to step down and war...
- + International Paper Buys DS Smith in All-Share Deal—International Paper has agreed to buy London-listed peer DS Smith for roughly $7.2 billion in an all-share deal, outgunning a rival bid from Mondi to ...
- + Beiersdorf Lifts Guidance After Strong Nivea Sales—Beiersdorf upgraded its full-year sales expectations after reporting a 10% revenue rise in its core consumer business in the first quarter. [Category:...
- + Ericsson Mobile Network Weakness to Continue Through 2024—Ericsson expects the mobile-network market to continue falling at least through the end of this year, as customer spending remains cautious and invest...
- + Justice Department to File Antitrust Suit Against Live Nation—The agency has probed the concert giant’s heft and negotiating power in ticketing and venues. [Category: PAID]
- + CNN Ends 'King Charles,' Charles Barkley and Gayle King's Show—The prime-time show is the latest creation of former CEO Chris Licht to be scrapped. [Category: PAID]
- + Tesla Plans to Lay Off More Than 10% of Workforce—The electric-vehicle maker is grappling with dimming growth prospects amid an overall slowdown in the growth of electric-vehicle sales. [Category: PAI...
- + Suit Challenging Iowa's Book Ban Is Backed by Every Major Publisher—The rise of book bans nationwide prompted the collective action, the publishers said. [Category: PAID]
- + New York Times Ends Investigation Into Leak Over Gaza Coverage—Times Executive Editor Joe Kahn said the probe found “gaps in the way proprietary journalistic material is handled.” [Category: PAID]
- + Layoffs in 2024: A List of Companies Cutting Jobs This Year—The layoffs are expected to be smaller and more targeted than those in 2023. [Category: PAID]
- + Lufthansa Cuts Earnings Guidance After Strikes Take Toll—The German carrier group said strikes by employees within the group and also by employees at partners hit earnings by around €350 million. [Category: ...
- + Hybrids Extend Lead Over EVs in Green Vehicle Race—Toyota surges, Tesla slumps as car buyers reassess their options for electrified models. [Category: PAID]
- + Apple's Smartphone Sales Slump as China Rivals Rise—Apple’s global smartphone shipments fell sharply in the first quarter, according to a closely followed research firm, toppling the iPhone maker from i...
- + Big Oil Companies Warm to Biden After Years of Bad Blood—Once a favorite foil of the White House, some U.S. oil executives have reached an unlikely truce with the president’s lieutenants. [Category: PAID]
- + CVC Confirms Amsterdam IPO Plan—Global buyout firm CVC said it plans to float on Euronext Amsterdam, raising $266 million in new money from the IPO. [Category: PAID]
- + BNP Paribas Buys Fosun's Stake in Ageas—BNP Paribas is buying Fosun’s 9% shareholding in Belgium insurer Ageas for roughly $777 million. [Category: PAID]
As of 5/6/24 12:16pm. Last new 5/6/24 12:16pm. Score: 276
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