JetBlue Agrees to Buy Spirit Airlines for $3.8 Billion After Frontier Deal Dies
JetBlue will pay $33.50 in cash for each share of Spirit, including a prepayment of $2.50 a share payable once...
Corporate/Industrial News
WSJ News Exclusive | Jack Ma Plans to Cede Control of Ant Group
HONG KONG—Billionaire Jack Ma plans to relinquish control of Ant Group Co., people familiar with the matter said, part of...
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...
Volkswagen Says EV Shift Will Continue Under New CEO
Volkswagen AG VOW 2.27% said that its new chief executive would continue the company’s ambitious shift toward electric vehicles, as...
Rising Costs Drag on Nestlé’s Profit Despite Higher Selling Prices
Higher costs for commodities, freight and energy are starting to eat into profit at Nestle SA, even as the world’s...
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...
Spirit and Frontier End Merger Agreement
Spirit shareholders had been resistant to a Frontier deal amid a bidding war with JetBlue. Photo: Eva Marie Uzcategui/Bloomberg News...
T-Mobile Posts Strong Gains in Wireless Customers, Raises Outlook
T-Mobile US Inc. TMUS 3.80% posted a steep second-quarter loss as costs tied to its network overhaul and legal expenses...
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...
WSJ News Exclusive | Activist Elliott Management Holds Stake in PayPal
Activist investor Elliott Management Corp. has a stake in PayPal PYPL -5.65% Holdings Inc., according to people familiar with the...
Treasury Moves to Ease Limits on Foreign Tax Credits After Companies Object
WASHINGTON—The U.S. Treasury Department is softening its limits on foreign tax credits, responding to corporations that have been warning about...
Federal Regulators Investigating Ford Bronco Over Reports of Catastrophic Engine Failure
The top U.S. auto-safety regulator is opening an investigation into reported catastrophic engine failures with some Ford Bronco vehicles, yet...
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...
WSJ News Exclusive | Elon Musk’s Friendship With Sergey Brin Ruptured by Alleged Affair
Elon Musk engaged in a brief affair last fall with the wife of Sergey Brin, prompting the Google co-founder to...
New Volkswagen Chief Has History Backing Synthetic Fuels
Volkswagen AG’s VOW 0.37% new boss has said he is committed to driving the auto maker’s transformation from gasoline-powered cars...
China Chases Chip-Factory Dominance—and Global Clout
China is leading the world in building new chip factories, a step toward achieving more self-sufficiency in semiconductors that could...
Cheaper Beer, Cigarettes Gain Favor as Inflation Pinches Shoppers
Shoppers are trading down to cheap beer brands and discount cigarettes as they feel more pressure on their pocketbooks.Consumer prices...
Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private
Tesla Inc. TSLA 0.20% is scheduled for court-ordered settlement talks in a shareholder lawsuit over Chief Executive Officer Elon Musk’s...
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...
