Aramco Profit Hits $110 Billion as Saudis Seek to Expand Investments
DUBAI—State oil giant Saudi Aramco said Sunday its 2021 net profit more than doubled to $110 billion, a boon to...
Corporate/Industrial News
Canadian Pacific Railway Work Stoppage Threatens New Supply-Chain Snarl
Canadian Pacific Railway Ltd. trains were halted Sunday morning following an impasse in contract negotiations between the company and its...
Howard Schultz, Returning to Starbucks, Seeks New Start With Baristas
Last November, Howard Schultz traveled to Buffalo, N.Y., with a message to workers considering forming a union: Starbucks would do...
The Month Companies United Against Russia’s War
About 10 minutes into Sunday church services, Visa Inc. Chief Executive Alfred Kelly looked down at his phone and saw...
Ex-Boeing Pilot Heads to Court Over 737 MAX Charges
FORT WORTH, Texas—The trial of a former Boeing Co. pilot, accused of misleading federal air-safety regulators before two 737 MAX...
Amazon Wins Dismissal of D.C. Antitrust Lawsuit Over Pricing
WASHINGTON—Amazon.com Inc. won dismissal on Friday of an antitrust lawsuit brought against it by the District of Columbia, which had...
GM Buys SoftBank’s Stake in Its Driverless Car Unit Cruise
General Motors Co. GM 2.66% said it is buying out SoftBank Vision Fund L.P.’s stake in its Cruise division for...
Home Sales Fell in February Amid Tight Supply, Rising Mortgage Rates
Sales of previously owned homes declined in February as rising mortgage-interest rates and a shortage of homes for sale made...
GE Cuts Larry Culp’s 2022 Pay After Shareholder Protest
General Electric Co. said Chief Executive Larry Culp agreed to reduce his potential compensation by about $10 million this year,...
WSJ News Exclusive | Chobani Hires Former Juul CEO as President
Kevin Burns is rejoining Chobani as its new president and CEO. Photo: Guy Wathen/The San Francisco Chronicle/Getty Images Chobani Inc....
Amazon Closes Deal to Acquire MGM
The move comes after Amazon certified to the FTC that it had provided all the information requested by antitrust investigators...
Shoppers Reach Their Limits on Some Price Increases
Apparel retailers and department stores are bumping up against pockets of price resistance, a sign that consumers are curtailing spending...
Canadian Pacific Railway Threatens Lockout in Labor Dispute
A lockout or possible strike action at Canadian Pacific would strand large volumes of shipments of commodities and manufacturing and consumer...
Former Starbucks CEO Howard Schultz to Return as Chain Faces Union Push, Rising Costs
Howard Schultz is returning to lead Starbucks Corp. SBUX 5.16% for a third time, saying the company he helped become...
U.S. Retail Sales Grew 0.3% in February
Americans kept up retail spending in February but at a slower pace than the prior month, as they faced high...
A New Meme-Stock Frenzy Led AMC to Gold Mine Stake
Day traders looking to capitalize on commodity price volatility catalyzed a chain reaction that ended with movie theater giant AMC...
Discovery CEO Received $246 Million in Compensation in 2021, Including Big Options Grant
Around the time of the Discovery-WarnerMedia merger last year, Discovery CEO David Zaslav signed a new contract that runs through...
WSJ News Exclusive | Consortium Including Elliott in Advanced Talks to Buy Nielsen Holdings
A consortium of private-equity firms including Elliott Management Corp. is in advanced talks to buy TV-ratings company Nielsen Holdings NLSN...
Sen. Joe Manchin Signals Opposition to Sarah Bloom Raskin for Fed Post
WASHINGTON—A key Democrat came out against Sarah Bloom Raskin’s nomination to become the Federal Reserve’s top banking regulator, likely dashing...
Rio Tinto Offers $2.7 Billion for Remaining Stake in Turquoise Hill
Rio Tinto PLC offered to pay roughly $2.7 billion to buy out minority shareholders in Canada’s Turquoise Hill Resources Ltd.,...
