Mark Zuckerberg’s Bid to Reinvent Facebook Parent Meta Hits Early Snags
Meta on Thursday walked back some new Instagram features central to the revamp that had drawn swift user backlash. The...
Business/Consumer Services
Facebook Parent Meta Platforms Reports First Ever Revenue Drop
The company reported quarterly revenue of $28.8 billion, down almost 1% from a year earlier and slightly below the $28.9...
Teva Agrees to Settle Opioid Lawsuits for as Much as $4.25 Billion
The proposed settlement is the latest move by a company seeking to resolve the costly litigation. Under the terms, the...
Alibaba to Pursue Primary Listing in Hong Kong
HONG KONG—Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as...
WSJ News Exclusive | Redwood Materials Plans $3.5 Billion Battery-Materials Plant in Nevada
The company run by Tesla Inc.’s former chief technology officer plans to spend $3.5 billion on a battery-materials factory in...
More Shoppers Buy Store Brands, Eating Into Big Food Companies’ Sales
Cost-conscious consumers are buying more store brands at the supermarket, raising pressure on big food companies that are dealing with...
Apple, Amazon, Meta Highlight Tech-Heavy Earnings Week
A little more than one-third of S&P 500, or 175 companies, are scheduled to report earnings in the coming week,...
Netflix Loses Nearly 1 Million Subscribers, Vows Rebound
Netflix Inc. NFLX 5.61% suffered two consecutive quarters of subscriber losses for the first time in its history, and said...
Boeing Sells Five 787 Dreamliners to Aircraft Lessor in Air Show Boost
FARNBOROUGH, England— Boeing Co. BA 4.00% sold five more 787 Dreamliners to aircraft leasing company AerCap Holdings N.V. AER 4.68%...
Netflix Partners With Microsoft for New Advertising-Backed Option
Netflix Inc. NFLX 1.21% said it chose Microsoft Corp. MSFT -0.37% to help launch a low-cost, advertising-supported streaming plan, a...
Rogers Network Outage Disrupts Canada Internet Access and Bank Transactions
One of Canada’s largest telecommunications companies, Rogers Communications Inc., RCI -1.02% reported Friday outages across its nationwide network, affecting millions...
Elvis Presley Movie Is Just the Start of a Flood of ‘King’ Content
The estate of Elvis Presley is banking on a new era of burning love for the King of Rock ’n’...
FCC Member Calls On Apple, Google to Banish TikTok
WASHINGTON—A federal communications regulator has asked Apple Inc. and Google to remove Chinese-owned TikTok from their app stores, citing the...
CAA Completes $750 Million Deal for Rival Talent Agency ICM Partners
Updated June 28, 2022 4:11 pm ETListen to article(2 minutes)Creative Artists Agency completed its acquisition of ICM Partners, a deal...
AT&T, Verizon Raise Prices and Test Consumer Budgets
The wireless companies are boosting monthly fees and increasing the cost of mostly older cellphone plans. Source link
WSJ News Exclusive | Accounting Firm EY Grapples With Partner Pay, Bear Market in Breakup
Ernst & Young’s leaders, trying to persuade partners to split up the firm, said windfalls would be spread evenly, but...
Chinese Internet Giants’ Ad Revenue Suffers as Business Confidence Wanes
Companies in China are cutting back on digital-ad spending as the economy slows and recurring Covid-19 outbreaks weigh on consumption,...
WSJ News Exclusive | Facebook Parent Meta Pulls Out of Sponsorship Deal for U.S. 250th Anniversary Project
WASHINGTON— Facebook parent Meta Platforms Inc. said Wednesday it has canceled its sponsorship agreement with the organization planning the federal...
Supreme Court Declines to Hear Bayer Appeal on Roundup
The Supreme Court on Tuesday declined to hear a bid by Bayer AG to end thousands of lawsuits alleging its...
Latam Airlines Cleared to Depart Chapter 11 Under Creditors’ Control
A bankruptcy judge approved a chapter 11 exit plan for Latam Airlines Group SA that puts $5.44 billion of fresh...
