WSJ News Exclusive | Panera Brands Names New CEO Ahead of IPO
Panera Brands said it promoted José Alberto Dueñas to chief executive as the restaurant company prepares to offer its shares...
Earnings
Disney’s ABC, ESPN Weakness Adds Pressure to Make Streaming Profitable
Earnings from traditional TV have fallen sharply after helping to offset Disney+ losses in recent years. Source link
Bargain Hunters Turn to Walmart, Boosting Sales
The nation’s largest retailer said sales from stores and digital channels operating at least 12 months grew 7.4% for the...
Americans Curb Spending on Home Improvements
Home Depot warned that its annual sales will fall for first time since 2009. The company said demand for home-improvement...
China’s Youth Unemployment Tops 20% Amid Signs of Stalling Recovery
China’s youth unemployment rate rose above 20% for the first time since Beijing began tracking the data five years ago....
3M Fires Longtime Executive, Citing Inappropriate Personal Conduct
Michael Vale has worked for the company for more than 30 years. Source link
SoftBank Says Goodbye to Alibaba, Hello to More AI Investments
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Oatly Names Jean-Christophe Flatin as New CEO and Narrows Quarterly Loss
Current Chief Executive Toni Petersson is set to become the oat-milk company’s co-chairman. Source link
Fox Says It Settled Dominion Suit to ‘Avoid the Acrimony of a Divisive Trial’
The company said it swung to a $54 million quarterly loss, primarily because of charges associated with legal-settlement costs. Source...
Tyson Foods Stock Plummets After It Slashes Outlook for 2023
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America’s Factory Boom Drives Sales Surge for Excavators, Steel and Trucks
Construction of semiconductor and battery factories helps Caterpillar, Nucor and other manufacturers plow past economic uncertainty and rising interest rates....
‘Guardians of the Galaxy Vol. 3’ Delivers $100 Million-Plus Debut for Disney’s Marvel
The third installment of director James Gunn’s trilogy tallied $114 million in domestic ticket sales this weekend, giving Marvel Studios...
Google Plans to Make Search More ‘Personal’ with AI Chat and Video Clips
The changes aim to respond to big shifts in the way people access information on the internet, including the emergence...
Jenny Craig, the Once-Highflying Weight-Loss Brand, Is Going Out of Business After 40 Years
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Warner Bros. Discovery Sees Streaming Profits Sooner Than Expected
Despite the success of its streaming business, the media company’s revenue fell in the first quarter. Source link
Apple Finds Strength in India as Overall Sales Fall for Second Straight Quarter
The company logged strong iPhone growth in places such as India, Indonesia, Latin America and the Middle East, a sign...
Peloton’s Progress in Narrowing Losses Falls Short of Expectations
The exercise-equipment company continues to sit on high levels of unsold web-connected bikes and treadmills. Source link
Ford Posts $1.8 Billion Profit, Cuts Mustang Mach-E EV Prices
The auto maker’s earnings are lifted by demand for high-end models. Source link
Why Is Inflation So Sticky? It Could Be Corporate Profits
Inflation has proved more stubborn than central banks bargained for when prices started surging two years ago. Now some economists...
Big Tech Earnings Spark Hope That Worst Is Over
Shares rise on better-than-expected results, but growth lags behind what Microsoft, Amazon and Google did in the past. Source link
