Adani Offshore Investor Has Links to Adani Family
BusinessAsiaA short seller’s allegations of fraud by Gautam Adani’s conglomerate center on whether his family wielded influence over Mauritius-based investors...
corporate
Tesla Nudges Up Model Y Prices
Tesla has raised prices in the U.S. for its Model Y SUV. Source link
Energy CEO Fights Climate Science. And LinkedIn. North Face, Too.
Liberty Energy CEO rails against what he says is an alarmist call for a transition away from fossil fuels. Source...
Elon Musk Found Not Liable in Trial Over Tweets Proposing to Take Tesla Private
A jury rejected investor claims that Elon Musk violated federal securities law when he tweeted in 2018 about potentially taking...
Jurors in Elon Musk Trial Over Tesla Tweets Hear Closing Statements
TechInvestors allege CEO’s tweets about taking company private violated federal securities law Source link
Activision Blizzard Paying $35 Million to Resolve SEC Investigation
Activision Blizzard agreed to pay $35 million to settle regulatory claims tied to its process for deciding how its disclosures...
WSJ News Exclusive | Ryan Cohen Takes Stake in Nordstrom
The activist investor plans to urge Nordstrom to refresh its board and replace the former CEO of Bed Bath &...
Ford Posts $1.3 Billion Fourth-Quarter Profit, Misses Full-Year Profit Guidance
Supply-chain disruptions slowed production at the car maker and caused it to miss its annual goal. Source link
Honeywell Revenue Rises 6% as Company Signals Slowing Growth
BusinessEarningsManufacturer predicts growth will slow in its initial 2023 outlook after challenging year Source link
Estée Lauder Sales Hit Again by China’s Covid Lockdowns
The cosmetics company reported a 17% decline in quarterly sales as retailers tightening their inventories also weighed on its business....
Shell Adds $41 Billion in Profit to Record Annual Haul From Oil Majors
BusinessEarningsThe results bring to more than $132 billion the combined profit last year of the three big majors Source link
U.S. Job Openings Jumped at End of Last Year
Demand for workers has been elevated since mid-2021. Layoff totals increased slightly in December as some companies announced job cuts....
Mondelez Expects Fewer Price Increases This Year
The maker of Oreo cookies and Sour Patch Kids candy said it doesn’t plan to raise prices further in the...
ChatGPT Creator Releases Tool to Detect AI-Generated Text, Calls It ‘Unreliable’
TechOpenAI says tool complements methods educators, employers and others use to determine source of text Source link
Exxon Vaults to Record Annual Profit of $55.7 Billion
BusinessEarningsOnly Apple and Microsoft so far have surpassed Exxon’s fiscal 2022 profit as the oil giant capitalized on high commodity...
Employment-Cost Report Shows Worker Pay Gains Held Nearly Steady in Fourth Quarter
Employer spending on wages and benefits remained elevated last quarter but showed modest signs of cooling. Source link
J&J’s Talc Bankruptcy Case Thrown Out by Appeals Court
A federal appeals court in Philadelphia rejected Johnson & Johnson ‘s use of chapter 11 bankruptcy to freeze roughly 40,000...
Memory-Chip Makers Face a Prolonged Price Slump
Prices of the chips are expected to keep falling in the first half of 2023, putting more pressure on an...
U.S. Appeals Court Sides With Drugmakers on Discount Program
BusinessHealth CareHealthDrugmakers can limit shipments to hospitals and clinics of drugs discounted under federal program, court rules in loss for...
Amazon Raises Price Minimum for Free Online Grocery Delivery
BusinessPrime members will have to spend over $150 for free delivery on Amazon Fresh orders, up from $35 Source link
