WSJ News Exclusive | Ryan Cohen Takes Stake in Nordstrom
The activist investor plans to urge Nordstrom to refresh its board and replace the former CEO of Bed Bath &...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Ford Posts $1.3 Billion Fourth-Quarter Profit, Misses Full-Year Profit Guidance
Supply-chain disruptions slowed production at the car maker and caused it to miss its annual goal. Source link
Honeywell Revenue Rises 6% as Company Signals Slowing Growth
BusinessEarningsManufacturer predicts growth will slow in its initial 2023 outlook after challenging year Source link
Estée Lauder Sales Hit Again by China’s Covid Lockdowns
The cosmetics company reported a 17% decline in quarterly sales as retailers tightening their inventories also weighed on its business....
Shell Adds $41 Billion in Profit to Record Annual Haul From Oil Majors
BusinessEarningsThe results bring to more than $132 billion the combined profit last year of the three big majors Source link
Eye Drops Linked to Infections and One Death, CDC Says
HealthEzriCare nonprescription drops may have contained drug-resistant bacteria Source link
U.S. Job Openings Jumped at End of Last Year
Demand for workers has been elevated since mid-2021. Layoff totals increased slightly in December as some companies announced job cuts....
OPEC+ Ministers Stick to Cutting Plan Amid Oil-Demand Uncertainty
A panel of energy ministers said the group of petrostates would continue cutting oil production, amid uncertainties about demand in...
Mondelez Expects Fewer Price Increases This Year
The maker of Oreo cookies and Sour Patch Kids candy said it doesn’t plan to raise prices further in the...
ChatGPT Creator Releases Tool to Detect AI-Generated Text, Calls It ‘Unreliable’
TechOpenAI says tool complements methods educators, employers and others use to determine source of text Source link
Exxon Vaults to Record Annual Profit of $55.7 Billion
BusinessEarningsOnly Apple and Microsoft so far have surpassed Exxon’s fiscal 2022 profit as the oil giant capitalized on high commodity...
Employment-Cost Report Shows Worker Pay Gains Held Nearly Steady in Fourth Quarter
Employer spending on wages and benefits remained elevated last quarter but showed modest signs of cooling. Source link
J&J’s Talc Bankruptcy Case Thrown Out by Appeals Court
A federal appeals court in Philadelphia rejected Johnson & Johnson ‘s use of chapter 11 bankruptcy to freeze roughly 40,000...
Memory-Chip Makers Face a Prolonged Price Slump
Prices of the chips are expected to keep falling in the first half of 2023, putting more pressure on an...
U.S. Appeals Court Sides With Drugmakers on Discount Program
BusinessHealth CareHealthDrugmakers can limit shipments to hospitals and clinics of drugs discounted under federal program, court rules in loss for...
Economy Week Ahead: U.S. Interest Rates, Labor Market in Focus
EconomyEconomy Week AheadJob reports will gauge U.S. wages, openings and overall labor market, while Fed meets to consider raising rates...
Amazon Raises Price Minimum for Free Online Grocery Delivery
BusinessPrime members will have to spend over $150 for free delivery on Amazon Fresh orders, up from $35 Source link
Toyota Rethinks EV Strategy With New CEO
Jan. 29, 2023 11:33 am ETListen to article(2 minutes)Toyota’s chief executive always said he wasn’t a skeptic about electric vehicles—he...
ChatGPT Spotlights Microsoft’s Early Efforts to Monetize AI
The company has pledged billions of dollars more for OpenAI, the company behind the chatbot. Source link
‘GMA3’ Hosts Amy Robach and T.J. Holmes Leaving ABC News
BusinessAnchors stepped away from hosting in December after personal relationship was revealed Source link
