Biotech Stocks, Once Booming, Enter Bear Territory
Biotech companies are having one of their worst stock-market runs in years, as rising interest rates, scientific setbacks and a...
Corporate/Industrial News
Masks Come Off, Mandates Loosen as Companies Relax Covid-19 Protocols
U.S. companies are relaxing many of the vaccine and other Covid-related requirements that had become a staple of corporate life...
Tesla Deliveries Rose in Quarter Elon Musk Calls Exceptionally Difficult
Tesla Inc. vehicle deliveries rose in the first quarter, but missed Wall Street expectations as the company struggled with global...
Amazon Workers’ Union Victory Bolsters Revitalized Labor Movement
The union victory at an Amazon.com Inc. warehouse in New York City is the latest example of renewed interest in...
How Microsoft Became Washington’s Favorite Tech Giant
When a congressional committee was preparing to publicly interrogate the CEOs of four tech giants in 2020, Microsoft Corp. President...
U.S. March Jobs Report Shows Strong Hiring Momentum
The U.S. labor market strengthened last month as the pandemic’s grip receded and more workers jumped back into the labor...
Toyota, GM Report Slowing U.S. Auto Sales
Major auto makers reported a pullback in U.S. sales for the first quarter of 2022, as a shortage of vehicles...
Amazon Workers in New York Vote to Form Tech Giant’s First U.S. Union
Amazon.com Inc. warehouse workers in New York voted to establish the tech giant’s first union in the U.S., providing a...
Biden to Draw Down Oil Reserves in Bid to Ease Gas Prices
WASHINGTON—President Biden will tap up to 180 million barrels of government oil reserves to help tamp down near-record high fuel...
U.S. Jobless Claims Edge Higher Amid Tight Labor Market
New applications for U.S. unemployment benefits rose slightly last week, indicating a strong labor market in which employers are holding...
Intel Gave CEO Pay Package Worth Nearly $180 Million Amid Turnaround Effort
Intel Corp. awarded Chief Executive Officer Pat Gelsinger compensation last year that could be worth nearly $180 million, tying much...
Judge Approves $18 Million Activision Settlement With EEOC
A California judge has approved an $18 million settlement between Activision Blizzard Inc. and the Equal Employment Opportunity Commission, marking...
Price-Fixing Case Against Chicken Company Officials Ends in Mistrial, Again
The U.S. Department of Justice’s effort to prosecute alleged price fixing in the poultry industry suffered a major setback after...
How High Energy Prices Could Help Both the Climate and the U.S.
The surge in global energy prices triggered by Russia’s invasion of Ukraine sure doesn’t seem like any sort of blessing....
UAW Chief Says He Hasn’t Had Talks With Tesla or Elon Musk
The leader of the United Auto Workers union said he hasn’t talked with Tesla Inc.’s Elon Musk after the chief...
Carl Icahn Targets Kroger Over Pork, CEO Pay
Billionaire activist investor Carl Icahn is seeking two board seats at Kroger Co., pushing the U.S. supermarket giant to make...
Inflation, Shortages Push Americans to Switch Brands More Than Ever
Well-known brand names and flashy ad campaigns are no longer enough to command U.S. consumers’ loyalty in grocery stores. Source...
HP Makes Bet on Hybrid Work With $1.7 Billion Deal
HP said the deal, expected to close by year-end, would help grow its hybrid-office offerings. Photo: Richard B. Levine/Zuma Press...
FedEx Says Fred Smith to Step Aside as CEO, Remain Executive Chairman
FedEx Corp. founder Fred Smith is stepping down as chief executive of the company he started more than 50 years...
Former World Bank Chief Didn’t Act on Warnings of Sexual Harassment
Former World Bank chief Kristalina Georgieva knew about a top official’s sexual misconduct but failed to take any action despite...
