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WSJ.com: US Business
US Business
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Uber and Lyft Win California Ruling to Treat Drivers as Contractors
The state’s Supreme Court decision preserves the gig-economy business model.Jul. 25, 2024 - Business - California -
Hermes Bucks Luxury Slowdown With Higher Sales But Flags Weakness in China
The Birkin handbag maker reported higher sales for the second quarter, with wealthy customers helping it defy a global slowdown in demand that is troubling the luxury sector, but flagged signs of weakness in China.Jul. 25, 2024 - Business - China -
Kroger, Albertsons Agree to Pause Merger as FTC, State Challenges Proceed
Deal between the two grocery-store operators has faced regulatory scrutiny since it was announced in October 2022.Jul. 25, 2024 - Business -
Universal Music Sheds $13 Billion in Market Cap After Streaming Revenue Disappoints
The record label behind Taylor Swift, Billie Eilish and Ariana Grande posted revenue growth from subscriptions and streaming services well below what analysts had expected.Jul. 25, 2024 - Business -
Standard General Agrees to Buy Out Bally
Hedge fund Standard General agreed to buy the balance of shares in casino chain Bally’s in a deal that values the firm at about $4.6 billion.Jul. 25, 2024 - Business -
Southwest Airlines Is Ditching Open Seating on Flights
Under pressure to improve profits, Southwest plans big changes for the boarding of its flights as well as fliers who want premium seating.Jul. 25, 2024 - Business - Travel -
How Kay Jewelers and Zales Are Trying to Convince You to Buy More Jewelry Online
The company is using data analytics and AI to tailor marketing messages to potential buyers at just the right time.Jul. 25, 2024 - Business -
How Government Programs Help Fuel Tesla Profit
The electric carmaker benefited from a potent weapon for improving its income statement: regulatory credits.Jul. 25, 2024 - Business - Tesla -
Hyundai Motor Profit Jumped 25%, Led by U.S. Demand
Robust vehicle sales in the U.S. helped offset sluggish demand in South Korea and elsewhere.Jul. 25, 2024 - Business -
Nissan Motor Cuts Sales, Profit Forecasts After Weak Quarter
The Japanese automaker lowered its annual vehicle-sales and profit forecasts.Jul. 25, 2024 - Business -
Vodafone Says Earnings Outlook on Track After Revenue Rise
Vodafone reiterated its fiscal 2025 earnings guidance after it delivered higher revenue for the first quarter, boosted by strong growth in Africa and Turkey.Jul. 25, 2024 - Business -
TotalEnergies Expects Flat Hydrocarbon Output
TotalEnergies said it expected third-quarter hydrocarbon production to remain largely unchanged from the second quarter, as it reported a fall in net profit for the three months to the end of June.Jul. 25, 2024 - Business -
Unilever Boosted by Margin Improvements Despite Underlying Sales Miss
Unilever reported underlying sales growth in the first half that came in slightly below forecasts, but its shares rose as analysts cheered the improvement in its margins.Jul. 25, 2024 - Business -
Anglo American Swings to Net Loss on One-Off Charge
Anglo American posted a net loss in the first half on lower iron ore prices and sales and after it booked an impairment of $1.6 billion related to its crop-nutrients project in the U.K.Jul. 25, 2024 - Business -
Julius Baer Profits Fall, Miss Consensus Forecasts
Julius Baer reported lower profits for the first half of 2024 as a rise in client assets and activity was offset by higher interest expenses.Jul. 25, 2024 - Business -
Stellantis Mulls Price Cuts As Bottom Line Misses Forecasts
Stellantis posted a steep drop in first-half net profit as its cars sat at dealerships in North America, prompting the company to consider price cuts.Jul. 25, 2024 - Business -
Nestle Lowers Sales Guidance as Shoppers Seek Cheaper Goods
The Swiss food producer said pricing was being pressured by increased promotional activity, among other things, and that it now expected to report organic sales growth of at least 3% this year, from around 4% previously.Jul. 25, 2024 - Business -
Tesla Supplier STMicroelectronics Cuts Guidance Again
STMicroelectronics slashed its sales and margin forecasts for the year once again as it continues to face lackluster demand for chips from the automotive industry.Jul. 25, 2024 - Business - Tesla -
Rupert Murdoch Plan to Give Control to Son Lachlan Triggers Family Legal Battle
Media titan seeks to amend trust through which he controls News Corp and Fox.Jul. 24, 2024 - Business -
Fortescue's Annual Iron-Ore Shipments Roughly Flat on Year
Australia’s Fortescue said its iron-ore shipments were broadly flat over the past year, as it grappled with setbacks including a derailment and heavy rain.Jul. 24, 2024 - Business -
EVs Are Cheaper Than Ever. Can Car Buyers Be Won Over?
Discounts abound as automakers and dealers try to entice hesitant shoppers to make the switch.Jul. 22, 2024 - Business -
AT&T Says Hacker Stole Cell, Text Data on Nearly All Its Wireless Customers
The company said in a securities filing that the data, mostly from 2022, was downloaded in April but it hasn’t found evidence that it was shared publicly.Jul. 12, 2024 - Business -
Nokia to Buy Infinera for $2.3 Billion to Boost Optical-Networks Arm
The deal, which is valued at $6.65 a share, is a 28% premium from Infinera’s stock price at the close of trading on Wednesday.Jun. 27, 2024 - Business -
CrowdStrike Warns of Hacking Threat as Outage Persists
Roughly 8.5 million users of Microsoft Windows devices were affected by Friday’s glitch.Jul. 22, 2024 - Business -
StubHub Delays IPO Launch Due to Choppy Market Conditions
The ticketing marketplace had been eyeing a valuation of about $16.5 billion for its offering.Jul. 12, 2024 - Business -
How Nike Missed the Boom in Running Culture
Runners say the sneaker giant has stepped back from the community, opening the door for Hoka, New Balance and others.Jun. 27, 2024 - Business -
Delta Struggles to Regain Footing After Tech Outage
Passengers have filed hundreds of complaints against the carrier as it works to restore systems and locate available personnel.Jul. 22, 2024 - Business -
Lufthansa Cuts Guidance as Flagship Airline Struggles to Break Even
Deutsche Lufthansa cut its guidance for the year, warning it will be increasingly challenging for its flagship airline to break even as it contends with negative market trends and aircraft-delivery delays.Jul. 12, 2024 - Business -
Tesla Deliveries Slump but Not as Much as Feared
Tesla’s vehicle sales slid for a second straight quarter but not as much as expected, lifting the company’s stock price and keeping Tesla the world’s largest seller of electric vehicles.Jul. 2, 2024 - Business - Tesla -
Walgreens Plans Major U.S. Store Closures; Shares Tumble
Shares of the pharmacy chain plummeted 25% after The Wall Street Journal reported the CEO’s plans and the company lowered its guidance for the full year.Jun. 27, 2024 - Business -
AMC Entertainment Expects Loss But Sees Signs of Improvement
AMC Entertainment expects to swing to a loss in the latest quarter in the wake of the prolonged Hollywood actors and writers strikes last year, though it flagged a recovery in movie going last month.Jul. 24, 2024 - Business -
Woodside Ready to Advance Driftwood LNG Selldown Talks
Woodside Energy is seeking to advance talks on the possible sale of a stake in the Driftwood LNG development in the southern U.S. in parallel with efforts to complete a $900 million acquisition of the project’s owner Tellurian.Jul. 22, 2024 - Business -
Harley Will Ride or Die With the Graybeards
Milwaukee-based company focuses on high-end motorcycles, but some say it isn’t cultivating the next generation of buyers. ’You get older, you actually realize it’s a really cool thing.’Jul. 12, 2024 - Business -
Approval of Eli Lilly's New Alzheimer's Drug Will Accelerate New Era of Treatment
With the arrival of Lilly’s Kisunla, Alzheimer’s care could become more like treatment of cancer and rheumatoid arthritis and their regular infusions.Jul. 2, 2024 - Business -
Canada Orders Binding Arbitration to Resolve WestJet Labor Dispute
Canada’s Labor Minister ordered WestJet Airlines and the union representing the carrier’s maintenance engineers enter into binding arbitration on a new labor agreement, averting strike action during a holiday long-weekend in the country.Jun. 27, 2024 - Business -
BNP Paribas Confirms Outlook After Strong Second Quarter
BNP Paribas backed its guidance for the year after posting better-than-expected earnings for the second quarter, with double-digit growth in its institutional banking and capital markets units.Jul. 24, 2024 - Business -
Warner's TNT Makes Matching Offer for Amazon's NBA Package
The company is trying to retain NBA media rights as the league finalizes deals with other partners.Jul. 22, 2024 - Business - NBA -
Major Tech Outage Grounds Flights, Hits Banks and Businesses Worldwide
An update from cybersecurity-software firm CrowdStrike caused outages for millions of users of Microsoft Windows devices.Jul. 19, 2024 - Business -
SpaceX Seeks More Experimental Rocket Launches, Aiming for Mars
The company is seeking federal approval to conduct up to 25 Starship flights annually, five times higher than what is currently permitted.Jul. 12, 2024 - Business -
FTC Blocks Tempur Sealy, Mattress Firm's Deal on Competition Concerns
The regulator alleges the acquisition of Mattress Firm would provide Tempur Sealy with the ability and incentive to suppress competition and raise prices for mattresses for millions of consumers.Jul. 2, 2024 - Business