Amazon to Close Kindle Bookstore in China
HONG KONG— Amazon. AMZN 1.23% com Inc. is closing its Kindle digital bookstore in China and has halted sales of...
Financial Performance
Unilever to Add Activist Investor Nelson Peltz to Board
Unilever UL 9.94% PLC said it would add Nelson Peltz to its board and disclosed his fund now holds a...
Silicon Valley Investors Give Startups Survival Advice for Downturn
After years of funneling cash into startups’ grand ambitions, Silicon Valley investors are engaging in the grim ritual of delivering...
Big Lots, Hibbett Become Latest Retailers to Show Inflation Pain
Big-box chain Big Lots Inc. BIG -11.15% and sporting-goods retailer Hibbett Inc. HIBB 1.96% both posted double-digit sales declines Friday,...
Old Navy to Scale Back Its Inclusive Sizing Strategy
Old Navy is scaling back an attempt to make women’s clothes more inclusive for all body types, after demand for...
Microsoft Slows Some Hiring Amid Economic Uncertainty
Microsoft said it would be slowing down some of its hiring, making it the latest tech giant to become more...
Dollar Stores Earnings Show Strength in Face of Inflation
Listen to article(1 minute)Discount retailers Dollar General and Dollar Tree reported earnings that beat Wall Street’s subdued expectations, sending both...
China’s Covid-19 Lockdowns Hurt Sales of Starbucks Coffee, Adidas Sneakers
China’s strict Covid-19 lockdowns are hurting consumer spending for everything from coffee to sneakers and hotels, weighing on multinationals with...
Wendy’s Largest Shareholder Trian Explores Burger-Chain Deal
Trian Fund Management LP, Wendy’s Co. WEN -2.34% ’s largest shareholder, said it is exploring an acquisition or another potential...
Best Buy’s Sales Cool, and It Warns of a Rough Year Ahead
Best Buy expects higher supply-chain expenses to be worse than previously predicted this fiscal year.. Photo: Joe Raedle/Getty Images Electronics...
Snap Issues Profit Warning on Economic Conditions Including Inflation
Snap Inc. SNAP -3.40% issued a profit warning Monday and said it planned to slow hiring and spending, adding to...
Starbucks to Exit From Russia
Starbucks Corp. SBUX 0.28% is closing down its business in Russia, as the invasion of Ukraine puts an end to...
Deere’s Rising Costs Put Pressure on Equipment Profits
Deere & Co. DE -15.08% raised its profit forecast for the year, while rising costs for materials and parts continued...
Mercedes-Benz’s Luxury Pitch Needs Tougher Road Testing
Mercedes-Benz DMLRY 0.54% Group Chief Executive Ola Källenius puts the problem well: “Even though everybody knows that Mercedes is kind...
Tencent Posts Steepest Profit Decline Since Going Public
Tencent Holdings Ltd. TCEHY -6.29% posted its worst quarterly profit drop since listing in Hong Kong in 2004, with its...
Walmart Earnings Are Dented by Higher Costs
Walmart said inflation created more pressure than it had expected on margins. A Walmart store in Pico Rivera, Calif. Photo:...
Jeff Bezos Criticizes Joe Biden in Twitter Spat Over Inflation
Amazon.com Inc. founder Jeff Bezos criticized the Biden administration in two tweets over the weekend for tying the corporate tax...
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the oil giant benefits from surging oil prices following Russia’s...
Elon Musk Says Twitter Deal Is on Hold, Sending Shares Lower Premarket
Elon Musk said his deal to buy Twitter Inc. TWTR -2.19% was on hold pending details on the amount of...
Disney Reports Jump in Disney+ Subscribers in Latest Quarter
Walt Disney Co. DIS -2.29% reported better-than-expected subscription numbers for its Disney+ streaming service in the most recent quarter, avoiding...
