Cigarette Companies Are Caught Between Death and Taxes
Cigarette companies are pouring billions of dollars into nicotine products that don’t come with the lethal health warnings of traditional...
Earnings
Biden Toughens Fuel-Efficiency Standards, Challenges Auto Makers to Sell More EVs
WASHINGTON—President Biden made dual moves to reduce greenhouse gas emissions, imposing tougher fuel-efficiency standards on auto makers and challenging them...
GM Reveals Hit From Chip Shortage, Rising Costs
General Motors Co. posted strong second-quarter earnings and raised its full-year profit guidance but said the lingering computer-chip shortage and...
Activision Replaces Blizzard Head J. Allen Brack as It Faces Gender-Bias Lawsuit
Activision Blizzard Inc. said an executive named in a gender-bias lawsuit filed by California regulators is leaving the videogame publisher....
Alibaba Posts Lower Profit as Chinese Tech Giant Boosts Spending
Alibaba Group Holding Ltd. reported an increase in revenue in the latest quarter, but profits fell as the e-commerce behemoth...
Procter & Gamble Warns of Higher Costs and Slower Sales
Procter & Gamble Co. gave a somber outlook for the year ahead, predicting slower sales and historically high costs for...
Exxon, Chevron Report Billions in Profits but Plan to Keep Spending Tight
Big oil companies are raking in their highest profits since the onset of the coronavirus pandemic, but they plan to...
Samsung Profit Rises 73% as Memory-Chip Demand Surges
SEOUL— Samsung Electronics Co. offset relative weakness in smartphone shipments by capitalizing on another quarter of roaring demand for its...
Starbucks, Facing Higher Costs, Pushes Upscale Coffee
Starbucks Corp. said higher labor and supply costs are likely to linger for months, adding that it is promoting higher-end...
Apple Profit Sets Record on Strong iPhone Sales
Apple Inc. AAPL -1.49% on Tuesday posted a record spring-quarter profit as customers keep embracing new iPhones and other devices,...
UPS Ships Fewer Packages as Pandemic Boom Wanes
United Parcel Service Inc. UPS -8.60% posted a 14.5% increase in second-quarter sales despite shipping fewer packages than it did...
Tesla’s Quarterly Profit Soars to Record $1.1 Billion
Tesla Inc.’s quarterly profit rose to record levels as the car maker largely evaded the effects of a global chip...
Apple, Amazon, Tesla Among the Giants Set to Post Results
Corporate giants from Apple Inc. to Visa Inc. are expected to report their financial results over the coming week, giving...
Kimberly-Clark Plans Higher Prices Through Next Year
The maker of Huggies diapers and Cottonelle toilet paper said it expects to charge higher prices through 2022 in an...
Intel Sales Bolstered by Strong PC Demand
Intel Corp. surprised investors with higher-than-anticipated second-quarter earnings, aided by strength in PC-related sales as Chief Executive Pat Gelsinger moves...
U.S. Median Existing-Home Price Hit New High in June
The median U.S. home price rose to a new high of $363,300 in June as strong demand pushed home sales...
Publicis Groupe Sees a Quicker Recovery as Organic Revenue Rises
Publicis Groupe SA reported a 17.1% increase in organic revenue in the second quarter, joining competitors in reporting significant growth...
Coca-Cola Boosts Outlook as Sales Rebound
The beverage giant’s sales plummeted in 2020 when the Covid-19 pandemic closed dining and entertainment venues. The company’s revenue in...
Netflix Signals No Acquisition Plans as It Adds 1.5 Million Subscribers
The streaming giant told investors Tuesday that while its competition is growing and rivals are combining to create more formidable...
AT&T, Dish Strike $5 Billion Deal to Support Boost Mobile
AT&T Inc. T -2.17% struck a deal to carry Dish Network Corp.’s DISH -0.81% existing cellphone customers over its wireless...
