Sports Illustrated Announces Major Layoffs, Putting the Brand's Future in Jeopardy
The onetime pre-eminent voice in sports journalism for decades has struggled like many other magazines to keep pace with the...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Walmart Closes Store No. 8 Innovation Unit
Retail giant closes a business unit meant to incubate new ideas as it also tries to curb costs and test...
Spirit Airlines Raises Outlook, Looks to Refinance Debt Following Blocked JetBlue Deal
Shares soared as the budget airline guided for a better-than-expected quarter. Source link
A Clean-Energy Bet Goes Bad for Power Companies
Offshore wind turbines are proving too risky for many utilities. Source link
The Multibillion-Dollar Bet That Truckers Will Ditch Diesel for Electricity
Cummins, the leading maker of diesel engines in the U.S., and two truck makers, Daimler and Paccar, are teaming up...
Wendy's CEO Todd Penegor to Exit, PepsiCo Executive Kirk Tanner Named Successor
The fast-food chain said Penegor, who has served as CEO since 2016 and joined the company a decade ago, will...
Nelson Peltz Calls for Disney to Target 'Netflix-Like' Streaming Margins
The activist investor’s Trian Fund Management lists that goal among others in its preliminary proxy statement for Disney’s annual meeting....
Drugmakers Raise Prices of Ozempic, Mounjaro and Hundreds of Other Drugs
The list prices of 775 brand-name drugs rose during the first half of January. Source link
Hyundai and Kia Emerge as Tesla's Biggest U.S. Rivals
A pair of allied Korean carmakers are pushing to launch electric vehicles ahead of competitors. Source link
Boeing 737 MAX 9 Part in Plane Blowout Was Made in Malaysia, Official Says
New details emerge about the manufacturing process in the harrowing Alaska Airlines flight. Source link
High Court Hears Plea From Businesses to Reverse a Ruling They Once Backed
The Reagan-era Chevron decision that reined in judges has given federal agencies too much leeway, challengers say. Source link
Elon Musk Seeks More Sway Over Tesla Ahead of AI Advancements
Updated Jan. 16, 2024 5:13 pm ETTesla Chief Executive Elon Musk has gone public with a demand for another big pay package,...
Judge Blocks JetBlue's $3.8 Billion Acquisition of Spirit
The judge agreed with the Justice Department that the deal would eliminate a competitor important to price-conscious travelers. Source link
Chinese Premier Makes Surprise Economic Growth Disclosure
Li Qiang said the country’s economy grew 5.2% last year, breaking the news a day before the official data was...
The $65 Million Perk for CEOs: Personal Use of the Corporate Jet Has Soared
One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the...
Robots Are Looking Better to Detroit as Labor Costs Rise
Automakers are looking to an old friend to help offset rising labor costs: robots.For decades, car companies have increased automation...
Thomson Reuters Buys Majority Stake in Pagero
Thomson Reuters said it has bought a majority stake in the Pagero Group, taking it closer toward full control of...
WSJ News Exclusive | Boeing Faces Longer Wait to Resume MAX Deliveries in China
Updated Jan. 15, 2024 12:03 am ETBEIJING—Boeing’s long-awaited delivery resumption of its 737 MAX jets to China faces fresh delays...
Chiefs-Dolphins Playoff Game on Peacock Sets Records for U.S. Streaming and Internet Usage
Jan. 14, 2024 10:34 pm ETThe NFL playoff game between the Kansas City Chiefs and Miami Dolphins made history—and not...
Axel Springer Stands By Business Insider Reporting on Bill Ackman’s Wife
Jan. 14, 2024 12:27 pm ETBusiness Insider owner Axel Springer said it stands by the publication after reviewing the reporting...
