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...
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U.K. Approves Covid-19 Booster Shot Aimed at Omicron
The U.K. became the first country to approve Moderna Inc.’s Omicron-targeting Covid-19 vaccine as a booster shot, paving the way...
Rivian’s Losses Nearly Triple to $1.7 Billion
Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle...
Deliveries of Boeing’s 787 Dreamliner Set to Resume in Coming Days
Delivery of a Boeing 787 Dreamliner would be the first new 787 to a customer in more than a year....
Pfizer Agrees to $5.4 Billion Deal for Global Blood Therapeutics
Pfizer Inc. has agreed to buy Global Blood Therapeutics Inc. for $5.4 billion, in a deal that would give the...
How One Grocery Chain in Pennsylvania Is Preparing for a Downturn
Supermarket chain Karns Foods says it is getting ready for a recession.The family-run company in Mechanicsburg, Pa., is carrying more...
At Ford, Quality Is Now Problem 1
Josh Halliburton joined Ford F -0.46% Motor Co. in January to help improve its shaky quality record. Within months it...
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...
Warner Bros. Discovery Weighs Free Ad-Supported Streaming Plan
Warner Bros. Discovery Inc. WBD 4.61% is exploring launching a free, ad-supported streaming service, its chief executive said, the latest...
Toyota Profit Takes Hit From Supply-Chain Troubles, Higher Costs
Toyota TM -0.32% Motor Corp. on Thursday maintained its full-year outlook for production and operating profit, despite rising raw material...
Match Splits With Tinder CEO as Earnings Fall Short
Match Group Inc.’s MTCH 4.32% new chief executive has shaken up the leadership of the company’s Tinder dating platform citing...
Reliance’s $11 Billion Bid Wins Lion’s Share of 5G Spectrum in India Auction
NEW DELHI—Reliance Group emerged as the biggest buyer in the Indian government’s first auction of 5G spectrum, offering about $11...
Boeing Makes New Offer to St. Louis-Area Workers, Delaying Strike
Boeing’s proposed three-year contract offers new workers an $8,000 lump-sum payment. Photo: Ted Shaffrey/Associated Press Workers at three Boeing Co....
Federal Regulators Investigating Ford Bronco Over Reports of Catastrophic Engine Failure
The top U.S. auto-safety regulator is opening an investigation into reported catastrophic engine failures with some Ford Bronco vehicles, yet...
New Volkswagen Chief Has History Backing Synthetic Fuels
Volkswagen AG’s VOW 0.37% new boss has said he is committed to driving the auto maker’s transformation from gasoline-powered cars...
China Chases Chip-Factory Dominance—and Global Clout
China is leading the world in building new chip factories, a step toward achieving more self-sufficiency in semiconductors that could...
Air Travel Is Broken. Here’s Why.
This summer was supposed to mark the rebirth of commercial aviation after two years of travel restrictions left the industry...
Boeing Closes In on Making New Dreamliner Deliveries
LONDON— Boeing Co. BA 0.40% commercial airplanes chief Stan Deal said Sunday the manufacturer was “very close” to resuming 787...
Emirates, Heathrow Reach Agreement Over Passenger Cap
LONDON—Emirates and London Heathrow Airport reached an agreement under which the airline, the world’s biggest by international traffic, will cap...
Netflix Partners With Microsoft for New Advertising-Backed Option
Netflix Inc. NFLX 1.21% said it chose Microsoft Corp. MSFT -0.37% to help launch a low-cost, advertising-supported streaming plan, a...
