WSJ News Exclusive | Peloton CEO John Foley to Step Down, Become Executive Chair
Peloton Interactive Inc. PTON 20.93% plans to replace its chief executive, cut costs and overhaul its board after a slowdown...
Earnings
Peter Thiel to Step Down From Facebook Parent Meta’s Board
Peter Thiel, one of Facebook’s earliest investors and its longest-serving outside board member, is planning to step down from his...
Southwest to Bring Alcohol Back on Flights, Citing Customer Demand
Southwest Airlines Co. LUV -1.92% is bringing back in-flight alcohol sales after holding off for months to tamp down on...
Amazon Profits Show Resilience Even as Labor, Supply Crunch Weigh on Results
Amazon.com Inc. AMZN -7.81% said profits nearly doubled in the critical holiday period, as the company managed to control labor...
Facebook’s Shares Plunge After Profit Decline
Facebook parent Meta Platforms Inc. posted rising revenues but a modest decline in profit as it increased spending to execute...
Starbucks Sales Rise as Cost Pressures Increase at the Coffee Chain
Starbucks Corp. SBUX 0.45% said rising costs of supplies and wages will continue to weigh on the coffee giant’s profit...
GM Earnings Rose Sharply in 2021
General Motors Co. GM 2.54% said it plans to accelerate the timetable for some electric-vehicle launches and will establish a...
Google Parent Caps Blockbuster Year With Sales Gains
Google parent Alphabet Inc. GOOG 1.61% posted another quarter of strong sales growth, capping a year when profit nearly doubled...
Bed Bath & Beyond Decluttered Its Stores and Ended Up Frustrating Shoppers
Those moves, led by Chief Executive Officer Mark Tritton, ended up making the home-goods chain vulnerable to supply-chain problems that...
Deadly Mining Disaster Still Tests Vale Three Years Later
Costs related to the incident have continued to rack up, Brazilian authorities have been slow to permit further mining amid...
Chevron Rakes in $15.6 Billion in Annual Profits as Oil Prices Climb
Chevron Corp. had its most profitable year since 2014, reporting Friday that it earned $15.6 billion in net income in...
Southwest Turns Quarterly Profit, Says Worst of Omicron Is Over
The Dallas-based airline on Thursday posted a fourth-quarter profit of $68 million, up from a loss of $908 million a...
Tesla Posts Record Annual Profit
Tesla Inc. TSLA 2.07% cruised to a record annual profit but cautioned that the supply-chain disruptions that dogged auto makers...
Abbott’s Rapid Covid-19 Tests Boost Quarterly Sales Growth
Abbott Laboratories, ABT -2.53% one of America’s largest producers of rapid tests for Covid-19, said that testing-related sales were $2.3...
Microsoft Earnings Grew Last Quarter With Demand for Cloud Services
Microsoft Corp. MSFT -2.66% said its earnings continued to grow last quarter as its cloud-services business stayed strong.On Tuesday, the...
Sony’s Videogame Strategy Challenged by Microsoft’s Deal for Activision
TOKYO— Sony Group Corp. SONY -3.45% finds itself in a position many gamers could appreciate, having climbed to the highest...
Software Provider Globalization Partners Gets Vista Equity Backing at $4.2 Billion Valuation
Globalization Partners, a software provider that helps businesses streamline the process of hiring employees internationally, has landed new backing from...
Airbus Cancels Qatar Airways Plane Contract, a Rare Move Amid Growing Spat
LONDON— Airbus SE EADSY -0.53% scrapped a $6 billion jet contract with Qatar Airways Ltd., part of an escalating legal...
U.S. Existing-Home Sales Reached a 15-Year High of 6.1 Million Last Year
U.S. home sales surged to a 15-year high in 2021, powered by low borrowing rates and an intense buyer demand...
Netflix Is Expected to Log Smaller Profit as It Spends More on Content
Netflix Inc. NFLX 0.56% is banking on its large slate of entertainment to bring in new subscribers and justify its...
