Glencore Settles Corruption and Bribery Charges in U.S., U.K., Brazil
Glencore GLNCY 2.01% PLC said Tuesday it would pay at least $1.2 billion and two business units would plead guilty...
Corporate/Industrial News
Best Buy’s Sales Cool, and It Warns of a Rough Year Ahead
Best Buy expects higher supply-chain expenses to be worse than previously predicted this fiscal year.. Photo: Joe Raedle/Getty Images Electronics...
Snap Issues Profit Warning on Economic Conditions Including Inflation
Snap Inc. SNAP -3.40% issued a profit warning Monday and said it planned to slow hiring and spending, adding to...
Airbnb to Quit China Business as Harsh Lockdowns, Competition Weigh on Demand
Airbnb Inc. ABNB 0.65% plans to close its domestic business in China after harsh Covid-19 lockdowns compounded the pain from...
Starbucks to Exit From Russia
Starbucks Corp. SBUX 0.28% is closing down its business in Russia, as the invasion of Ukraine puts an end to...
WSJ News Exclusive | Broadcom in Advanced Talks to Buy VMware
Broadcom is in advanced talks to buy VMware according to people familiar with the matter, setting the stage for what...
Saudi Sovereign-Wealth Fund Buys Stake in Royal’s Investment Firm
Saudi Arabia’s sovereign-wealth fund bought a stake Sunday in a firm owned by billionaire Prince al-Waleed bin Talal, further intertwining...
WSJ News Exclusive | Apple Looks to Boost Production Outside China
TOKYO— Apple Inc. AAPL 0.17% has told some of its contract manufacturers that it wants to boost production outside China,...
The Market Is Melting Down and People Are Feeling It. ‘My Stomach Is Churning All Day’
The last time Todd Jones heard this kind of panic in his clients’ voices, it was 2008 and the global...
Elon Musk Eyes Satellite Deal in Brazilian Amazon
SÃO PAULO—Elon Musk, the world’s richest person, flew to Brazil on Friday to announce a plan to connect thousands of...
Boeing’s Starliner Successfully Docks With Space Station
The Boeing Starliner preparing to dock at the International Space Station on Friday. Photo: NASA/Associated Press Boeing Co. BA -5.07%...
Elon Musk’s Planned Twitter Takeover Creates a ‘Chaos Tax’ for Employees
It is a tricky time to work at Twitter. Far beyond the usual uncertainty at an acquisition target, Mr. Musk’s...
Prosecution Rests in Trial of Former Theranos President Ramesh ‘Sunny’ Balwani
Prosecutors on Friday rested their case against Ramesh “Sunny” Balwani—the top deputy and confidant to Theranos Inc. founder Elizabeth Holmes...
Deere’s Rising Costs Put Pressure on Equipment Profits
Deere & Co. DE -15.08% raised its profit forecast for the year, while rising costs for materials and parts continued...
Mercedes-Benz’s Luxury Pitch Needs Tougher Road Testing
Mercedes-Benz DMLRY 0.54% Group Chief Executive Ola Källenius puts the problem well: “Even though everybody knows that Mercedes is kind...
Boeing’s Starliner Spacecraft Launches Toward Space Station in Do-Over Mission
A Boeing spacecraft blasted into orbit Thursday evening and began racing toward the International Space Station in what appeared to...
Fed Nominee Michael Barr Supports Rewriting Lending Rules, Cautious on Capital Requirements
WASHINGTON— Michael Barr, President Biden’s pick to become the government’s most influential bank regulator, told senators that he supports a...
Spirit Airlines Board Urges Shareholders to Reject JetBlue Offer
Spirit’s board said the unsolicited offer from JetBlue isn’t in the carrier’s best interest. Photo: Joe Raedle/Getty Images Updated May...
Elon Musk’s Pursuit of Twitter Leads to Complicated Next Steps and Legal Questions
In the classic hostile takeover, an aggressive acquirer pursues a reluctant quarry.But Elon Musk’s bid for Twitter Inc. appears headed...
Melvin Capital to Close Funds, Return Cash to Investors
Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a...
