SoftBank Suffers $54 Billion Bruise From China’s Tech Crackdown
TOKYO— SoftBank Group Corp. took a more than $50 billion beating from Beijing’s tech crackdown, but its leader said he...
consumer services
BHP to Sell Controlling Stake in Two Coal Mines for Up to $1.35 Billion
ADELAIDE, Australia— BHP Group Ltd. said it would sell its controlling interest in two metallurgical coal mines to Stanmore Resources...
WSJ News Exclusive | Hertz Will Have to Wait for Teslas, Just Like Other Buyers
Tesla Inc. and Hertz Global Holdings Inc. are negotiating over how quickly Hertz will receive deliveries from a bulk order...
Google to Pursue Pentagon Cloud-Computing Contract
Google is pursuing a massive cloud-computing contract with the Department of Defense, nearly three years after abandoning a similar bid...
Microsoft Earnings Jump as Cloud Services Thrive
Microsoft Corp. MSFT 0.64% continued to benefit from the global shift toward remote work as its cloud business boosted its...
GE’s Profits Rise but Sales Miss Forecasts
General Electric Co. GE 1.20% reported stronger profits as cost cutting offset lower-than-expected sales of its industrial equipment in the...
Facebook Posts Slower Sales Growth With Apple Privacy Policy
Facebook Inc. blamed Apple Inc.’s AAPL -0.03% privacy rules for posting slower sales growth and warned of further uncertainty for...
Hertz Orders 100,000 Teslas, Part of Plan to Electrify Rental-Car Fleet
Hertz Global Holdings Inc. HTZZ 7.33% said it has ordered 100,000 vehicles from Tesla Inc. TSLA 11.17% to stock its...
Google Charges More Than Twice Its Rivals in Ad Deals, Unredacted Suit Says
Google takes a cut of 22% to 42% of U.S. ad spending that goes through its systems, according to a...
WeWork Shares Rise on First Day of Trading, Two Years After Failed IPO
WeWork Inc. shares rose on their first day of trading Thursday, capping a journey to a listing that included the...
Unfinished Tractors, Pickup Trucks Pile Up as Components Run Short
Manufacturers are stacking up unfinished goods on factory floors and parking incomplete vehicles in airport parking lots while waiting for...
Business Groups Withdraw Suit Challenging Health-Price Transparency Rule
The U.S. Chamber of Commerce and a Texas affiliate withdrew a suit filed to block parts of a federal rule...
Microsoft Hires Former Top Amazon Cloud Executive, Adding to Rivalry
Microsoft Corp. hired a top Amazon.com Inc. cloud veteran and ally of Chief Executive Andy Jassy, according to a company...
Intel Lands Pentagon Deal to Support Domestic Chip Making
Intel Corp. said it would provide commercial foundry services in the first phase of a broader Defense Department program that...
Topps SPAC Merger Collapses After Loss of MLB Trading-Card Deal
Topps Co.’s plan to go public in a blank-check merger has been derailed by new exclusive contracts that Major League...
Iraqi Lawmakers Call for Probe Into GE, Siemens Electricity Contracts
Members of an Iraqi parliamentary commission are calling for an investigation into large power-generation contracts struck with General Electric Co....
Companies Are Hoarding Record Cash Amid Delta Fears
Companies are sitting on a record amount of cash amid lingering uncertainty about disruptions from Covid-19, defying expectations earlier this...
Synchrony’s Margaret Keane Credits These Advisers With Helping Her Reach the Top
In Personal Board of Directors, top business leaders talk about the people they turn to for advice, and how those...
Adidas Agrees to Sell Reebok to Authentic Brands
Adidas AG said it has agreed to sell Reebok to Authentic Brands Group for up to 2.1 billion euros, the...
NortonLifeLock Agrees to Buy Cybersecurity Provider Avast
NortonLifeLock Inc. agreed to acquire and combine with cybersecurity firm Avast PLC in a cash-and-stock deal that would extend the...
