The $65 Million Perk for CEOs: Personal Use of the Corporate Jet Has Soared
One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the...
Financial Services
The Companies Cutting Jobs in 2024: Here’s the List
Updated Jan. 12, 2024 2:03 pm ETListen to article(1 minute)Some companies are kicking off the new year by trimming staff...
Buying Home and Auto Insurance Used to Be Routine. It’s Becoming a Nightmare.
Listen to article(2 minutes)After Allstate suffered billions of dollars in losses and failed to get the rate increases it wanted,...
Disney Wins Backing of Key Investor in Battle With Nelson Peltz
Updated Jan. 3, 2024 1:39 pm ETWalt Disney Co. won the support of a key shareholder in its fight with...
Big Four Accounting Firms Overhired. Now They’re Starting to Lay Off Partners.
An Ernst & Young senior partner, during a call with some of the accounting firm’s U.S. partners and staff, delivered...
Macy’s Billion-Dollar Question: What’s More Valuable, Real Estate or the Business?
Updated Dec. 12, 2023 12:22 pm ETA potential buyout of Macy’s by an investor group revives an old theory: that...
Occidental to Buy CrownRock for $12 Billion as Oil Patch Consolidates
Updated Dec. 11, 2023 8:13 am ETOccidental Petroleum announced a $12 billion agreement Monday to buy West Texas producer CrownRock...
FTC Investigates Exxon’s $60 Billion Deal for Pioneer
Updated Dec. 5, 2023 5:25 pm ETU.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources, which...
Target Stock Surges as Earnings Overshadow Sales Decline
Updated Nov. 15, 2023 10:32 am ETPeople are skipping their Target runs, but the company is finding ways to boost...
America’s Mortgage King Also Wants an NBA Crown—Right Now
Listen to article(1 minute)When the Phoenix Suns played the Detroit Pistons early this month, Mat Ishbia’s fingerprints were everywhere.He bought...
WSJ News Exclusive | Risk-Advisory Firms Decide Hong Kong Isn’t Worth It
Updated Oct. 16, 2023 12:00 am ETHONG KONG—A number of investigation firms are retreating from Hong Kong and moving staffers...
Pharmacy Giant Walgreens Names Tim Wentworth as New CEO
The incoming chief executive faces a tough challenge, with a core business under pressure due to pharmacy-benefit managers such as...
Why Nelson Peltz Grew Impatient With Disney’s Turnaround Efforts
The activist adds shares, while the company plans changes to ESPN, Hulu and its streaming business. Source link
Saudi Arabia Once Banned Videogames. Now, It Wants to Export Them.
Listen to article(3 minutes)RIYADH, Saudi Arabia—For years, this kingdom’s Islamic clerics waged a war on videogames, banning popular titles such...
A Mall Owner’s About-Face: Bet on America’s High-End Malls
Updated Sept. 12, 2023 12:16 am ETListen to article(2 minutes)The European owner of Westfield malls is pulling back from its...
WSJ News Exclusive | Health-Insurance Costs Are Taking Biggest Jumps in Years
Employers and workers are expected to see an increase of about 6.5% or higher in the cost of their health...
A Startup in the New Jersey Suburbs Is Battling the Giants of Silicon Valley
It’s not just Nvidia. There is another big winner of the AI boom—and it’s now competing with some of the...
Wagers on the Weather? Insurers Offer a Way for Businesses to Hedge Climate Risks
Parametric insurance, which lets businesses tie their policies directly to weather conditions such as wind speed and flood depth, has...
Anti-ESG Funds Face Obstacles to Broad Investor Acceptance
One problem is defining exactly what these funds actually invest in. Source link
Dan Schulman Took PayPal to New Heights. He’s Having a Bumpy Landing.
With the company’s market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing...
