WSJ News Exclusive | Amazon Cuts Dozens of House Brands as It Battles Costs, Regulators
The company has decided to eliminate 27 of its 30 clothing labels, such as Lark & Ro and Goodthreads, as...
wsjcorp
Paramount to Sell Simon & Schuster to KKR for $1.62 Billion
The sale of the book publisher to the buyout firm comes less than a year after previous deal with Penguin...
Tesla CFO Zach Kirkhorn Steps Down Ahead of Cybertruck Launch
Kirkhorn had been seen as a possible successor to Elon Musk as CEO. Tesla said Chief Accounting Officer Vaibhav Taneja...
Tyson Foods Expands Chicken Plant Closures
What to Read Next Source link
‘Barbie’ Surpasses $1 Billion at the Box Office
“Barbie” is now the fourth U.S. motion picture directed or co-directed by a woman to cross the billion-dollar mark. Source...
Pratt & Whitney Engine Problems Lead Some Airlines to Reduce Flights
The aerospace and defense company RTX’s bet on single-aisle jetliners has run into quality and durability concerns. Source link
Space Companies Struggle to Meet Lofty Goals
Newer industry players are cutting jobs, trimming spending and reining in plans. Source link
How Nike Sneakers Get Stolen at Every Turn
The company’s warehouses, trucks and stores are regularly targeted by organized crime groups looking to steal and resell Air Jordans....
The Teamsters Boss Calls Himself S.O.B., and He Wants Everyone to Know It
Updated Aug. 5, 2023 12:02 am ETListen to article(2 minutes)At a rally in Atlanta last month, Teamsters President Sean O’Brien...
Google Search Antitrust Suit Narrowed by Federal Judge Ahead of September Trial
Judge Amit Mehta rejected a legal theory pushed by state attorneys general in their 2020 lawsuit, but he allowed other...
American Travelers Are Shunning the U.S. for Europe
Domestic ticket fares are falling as travelers favor longer trips abroad. Source link
Apple Sees Third Straight Quarter of Falling Sales, but Services Unit Hits Record
Sales of iPhones missed analyst estimates, although executives pointed to continued strength in emerging markets. Source link
Bud Light Boycott Sparks Big U.S. Profit Drop for AB InBev
The brewing giant lost market share after the Dylan Mulvaney debacle, but it says consumers remain favorable toward Bud Light....
Maaco, Meineke Owner Is Hit by Rising Car-Wash Competition
Driven Brands entered the car-wash business line in 2020, and it is now its third-largest segment by revenue. Source link
Uber’s Business Is Finally Making Money After Years of Losses
What to Read Next Source link
Elon Musk’s X Sues Nonprofit That Accused It of Allowing Hate Speech
The social-media company alleges that the Center for Countering Digital Hate prepares its research using flawed methodologies to censor viewpoints...
CVS to Shed 5,000 Jobs in Cost-Cutting Push
The healthcare giant wants to trim corporate roles and spending on travel and its use of consultants. Source link
Small-Business Lending Is About to Change, With Simpler Requirements
An SBA overhaul will make it easier for fintechs and other nonbank lenders to issue loans, prompting worries about defaults....
Water Balloon Fights, Reinforced Roller Coasters: How Theme Parks Battle Extreme Heat
Operators are extending evening hours and spray misters and adding more steel to rides to manage a sweltering summer. Source...
China-Founded Rivals Ramp Up War for American Shoppers
Online sellers Shein and Temu are fighting in U.S. courts, alleging dirty tricks as they duel for workers and suppliers...
