Unilever CEO to Retire Next Year After Rocky Tenure
LONDON— Unilever UL 1.03% PLC said Chief Executive Officer Alan Jope plans to retire at the end of next year,...
Marketing
Gucci, Burberry Join Booming Secondhand Luxury Trade
Secondhand luxury isn’t new, but its popularity is surging. Steep price hikes by prestigious brands like Chanel SA are driving...
Apple Music to Replace Pepsi as Sponsor of NFL’s Super Bowl Halftime Show
Apple AAPL -1.51% Music is set to be the new sponsor of the NFL’s Super Bowl halftime show, replacing longtime...
Rent the Runway to Reduce Workforce as More Customers Pause Their Subscriptions
Rent the Runway Inc. RENT 10.04% said it would reduce its corporate workforce by 24%, primarily through layoffs, as the...
Summer Movie Season Fizzles Out, With Few Blockbusters to Count On This Fall
This summer’s movie season started with a bang, but ended with a whimper, running out of hit movies well before...
Inflation Tests Tide Maker’s Laundry-Detergent Dominance
Procter & Gamble Co. PG -1.78% is testing the bounds of what consumers are willing to pay for high-end household...
Facebook Parent Meta Agrees to Settle Cambridge Analytica Lawsuit
Facebook META -4.15% parent Meta Platforms Inc. META -4.15% agreed to settle a lawsuit that accused the social-media platform of...
Disney’s New Pricing Magic: More Profit From Fewer Park Visitors
Walt Disney DIS -2.89% used to call Disneyland his “magic kingdom.” These days, Walt Disney Co. has a new magic...
Federal Trade Commission Drops Mark Zuckerberg From Antitrust Lawsuit
Meta Platforms had asked the Federal Trade Commission to remove Mark Zuckerberg from a lawsuit filed to block it from...
U.S. Steps Up Enforcement of Its Long List of Russia Sanctions
WASHINGTON—The U.S. has imposed a set of powerful sanctions against Russia’s economy to punish it for the invasion of Ukraine....
China’s Videogame Makers Tap Overseas Markets as Home Prospects Dim
Chinese videogame companies are moving rapidly into the U.S. and other overseas markets as regulations at home tighten and user...
Twitter Warns Staff of Potential Cuts to Employee Bonuses
Twitter Inc. TWTR 0.30% warned staff that the size of bonus payments this year was at risk because of financial...
Target’s Profit Sinks as Retailer Unloads Unwanted Inventory
A glut of inventory sank profit at Target Corp. further than it expected, sparking investor concerns about the company’s response...
Walmart Earnings Show Rise in Revenue as Higher Prices Lift Business
Walmart Inc.’s WMT 5.77% revenue rose in the second quarter as the retail company benefited from consumers both paying more...
Victoria’s Secret Is Trying a New Look. Can Customers Be Convinced?
Victoria’s Secret VSCO 4.16% spent the last year trying to shift from a brand associated with the male gaze to...
WSJ News Exclusive | Facebook Marketplace and DoorDash Team Up for Local Deliveries
The deal is an attempt to get more people, especially younger ones, to use Meta-owned Facebook, according to a person...
WSJ News Exclusive | Best Buy Cuts Store Jobs to Help Boost Profits
Best Buy Co. BBY -0.15% is cutting store jobs across the country, as the electronics and appliance retailer works to...
Disney+ Price Increase Shows Limits of Subscriber-Growth Push
The growth-at-all-costs phase of the streaming wars is over; now, profits are the priority.Faced with slowing subscriber growth in their...
BuzzFeed Expects Recession Fears to Pressure Advertising
BuzzFeed Inc. posted a wider quarterly loss amid rising costs and expenses, and said it expected recession concerns to keep...
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase...
