BUSINESS News

Breaking Business News/Latest Business Updates/World Business News Update

Baby Formula Shortage Faces Investigation by Lawmakers

HS 13/05/2022

WASHINGTON—The House Oversight Committee has launched an investigation into the four major manufacturers of baby formula, including the makers of...

Elon Musk Says Twitter Deal Is on Hold, Sending Shares Lower Premarket

HS 13/05/2022

Elon Musk said his deal to buy Twitter Inc. TWTR -2.19% was on hold pending details on the amount of...

Rivian Recalling 502 Electric Trucks Over Potentially Faulty Air-Bag Sensors

HS 13/05/2022

Electric-vehicle startup Rivian Automotive Inc. RIVN 17.96% is recalling 502 battery-powered pickup trucks over potentially faulty air bags that could...

Senate Confirms Jerome Powell to Second Term Leading Federal Reserve

HS 13/05/2022

Mr. Powell’s nomination, approved Thursday on an 80-19 vote, has been on track for months to win bipartisan approval despite...

Baby Formula Shortage Could Last Months

HS 12/05/2022

Baby-formula manufacturers and retailers say they are working to address a long-running shortage in products on store shelves, but the...

Hot Job Market, Strong Demand for CFOs Strain Due Diligence

HS 12/05/2022

The sudden exit of Moderna Inc.’s newly hired chief financial officer shines a light on the challenges companies and recruiters...

Disney Reports Jump in Disney+ Subscribers in Latest Quarter

HS 12/05/2022

Walt Disney Co. DIS -2.29% reported better-than-expected subscription numbers for its Disney+ streaming service in the most recent quarter, avoiding...

Rivian CEO Says Chip-Shortage Problems to Ease This Year

HS 12/05/2022

Electric-vehicle startup Rivian Automotive Inc. RIVN -9.61% maintained its production forecast for 2022, with executives saying the supply-chain problems that...

Moderna Ousts Finance Chief Jorge Gomez in First Week on the Job

HS 11/05/2022

On Monday, Jorge Gomez took the reins as the finance chief of the biotech success story Moderna Inc., MRNA -6.29%...

J&J Names Executives of Planned Tylenol, Band-Aid Company

HS 11/05/2022

The current head of Johnson & Johnson’s consumer-health division will helm the business after J&J turns it into a stand-alone...

Lisa Cook Wins Senate Confirmation to Federal Reserve

HS 11/05/2022

Lisa Cook served as an economist on the staff of the Council of Economic Advisers during the Obama administration. Photo:...

Elon Musk Says He Would Reverse Donald Trump’s Twitter Ban

HS 11/05/2022

“I do think that it was not correct to ban Donald Trump. I think that was a mistake because it...

Tech Industry Warns That More Remote-Work Jobs Are Headed Out of U.S.

HS 10/05/2022

WASHINGTON—Tech-industry representatives are coming to Capitol Hill this week to warn that the remote-work trend will lead to more offshoring...

Americans Planning Summer Travel Face a New Hurdle: High Inflation

HS 10/05/2022

Americans itching to travel this summer after navigating Covid-19 for the past two years face a new disruption to plans:...

Tyson Foods Profits Soar as Meat Prices Climb

HS 10/05/2022

Tyson Foods Inc. TSN 2.22% reported soaring profits as the company raised prices for beef, chicken and pork, citing higher...

Ford Sells About 8% of Its Stake in Electric-Vehicle Startup Rivian

HS 10/05/2022

Ford Motor Co. has sold off about 8% of its stockholdings in Rivian Automotive Inc., according to people familiar with...

WSJ News Exclusive | Philip Morris International in Talks to Buy European Smokeless-Tobacco Rival

HS 09/05/2022

Philip Morris International Inc. PM 2.18% is in advanced talks to acquire Swedish Match SWMA -0.58% AB, according to people...

Economy Week Ahead: U.S. Inflation, China’s Exports in Focus

HS 08/05/2022

Shoppers in a San Francisco grocery store earlier this month. Economists forecast that year-over-year readings for the consumer-price index started...