JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines’ Merger
The airlines’ CEOs say combining their operations will ultimately benefit consumers. Source link
corporate
EV Startups Brace for Another Tough Year as Cash Dwindles
Young electric-vehicle makers that worried last year about producing enough autos are now concerned about selling them. Source link
Norfolk Southern’s Second Ohio Derailment Is Investigated
No hazardous materials were aboard a train that derailed near Springfield on Saturday. Source link
Bars, Hotels and Restaurants Become the Economy’s Fastest-Growing Employers
Operators of hotels, bars and restaurants—hit hard as the Covid-19 pandemic took hold—are now among the country’s fastest-growing employers, offsetting...
This Department-Store Stock Has Trounced Apple, Amazon and Tesla
Family-controlled Dillard’s has combined share buybacks with keeping costs down, inventory tight and staff engaged with “nearly fanatical” customers. Source...
Caterpillar Commits to Not Closing Union Plants Under New Contract
A tentative six-year pact with the United Auto Workers also provides raises and bonuses for about 7,000 workers in Illinois...
Amazon HQ2 Delay Isn’t a Concern, Northern Virginia Officials Say
The company said it is holding off on moving forward with the second phase of its corporate campus in Northern...
How Chili’s Is Prepping for Tough Times, Starting With the Fries
Rising costs and a shortage of workers are pushing the Southwest-style restaurant chain to do more with lessTanner Davison dining...
Monkey Business Threatens U.S. Drug Discovery
A shortage of farm-bred primates is contributing to poaching and harming biomedical research and development. Source link
Amazon Pausing Construction of Washington, D.C.-Area Second Headquarters
A first phase of the project with two office towers is nearly complete. Source link
Volkswagen’s Xinjiang Plant Is No Longer Making Cars Amid Human-Rights Concerns
A visit to the factory by the German car maker’s China head reignites criticism over its presence in a region...
Macy’s, Best Buy Sales Decline, Reflecting Shopper Pullback
Macy’s said its sales were down 4.6% in the fourth quarter, and Best Buy said its U.S. sales for the...
Bank Profits Fell 6% Last Year as War, Inflation and Higher Rates Hurt Results
The $263 billion in total profit ranks as second-best on record, yet recession fears prompted a rise in loan-loss reserves....
Wendy’s Targets Sales Growth Amid Restructuring
BusinessEarningsFor 2023, fast-food company expects global systemwide sales to grow 6% to 8% Source link
Former Facebook Execs Launch Startup, Adding to Efforts to Improve Ad Measurement
Two former executives of Facebook parent Meta Platforms Inc. are seeking to solve one of the social-media industry’s biggest challenges...
Elon Musk Aims to Rally Tesla Shareholders Around Long-Term Vision at Investor Day
The electric-vehicle maker is expected to discuss manufacturing plans and future products. Source link
Rivian Posts Mixed Quarterly Results, Issues New Recall
The move comes as the company’s cash burn accelerates and it continues to lose money as it tries to scale...
WSJ News Exclusive | Pentagon to Reap Rewards From $53 Billion Chips Act
WSJ News ExclusiveNational SecurityProgram aims to bolster national security by cutting reliance on imported chips Source link
In Deposition, Rupert Murdoch Says Fox News Hosts Endorsed False 2020 Election Claims
BusinessMedia & MarketingNew details emerge in defamation case brought by voting-machine company Dominion Voting Systems Source link
WSJ News Exclusive | Altria in Talks to Buy Vaping Startup NJOY for at Least $2.75 Billion, Divest Its Stake in Juul
WSJ News ExclusiveBusinessMarlboro maker looks to buy rival e-cigarette company after struggles with Juul Source link
