WSJ.com: US Business
US Business
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Saudi Aramco Net Income Falls on Declining Crude Oil Volumes
Saudi Arabia’s national oil company first-quarter profit fell and missed analysts’ forecasts due to a lower volume of crude oil sold and weaker refining and chemicals margins.Business -
Puig Shares Jump on Debut
Shares of Jean Paul Gaultier owner Puig rose sharply above the listing price on their trading debut in Spain after the world’s biggest initial public offering so far this year.Business -
WegovySales More Than Double as Demand Soars
Novo Nordisk raised its full-year guidance to reflect better pricing in the U.S. and as global demand for its hit weight-loss and diabetes drugs continues to outstrip supply.Business -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.Business - China -
Australian Low-Cost Carrier Bonza Goes Into Administration
Bonza, a startup low-cost carrier in Australia that competed with local heavyweights Qantas and Virgin Australia on some routes, has gone into administration, a process similar to U.S. bankruptcy.Business - Australia -
Biden Administration Shelves Plan to Ban Menthol Cigarettes
The White House is reversing course after weighing the health benefits of the ban against the political risk of angering Black voters.Business - Joe Biden -
Akzo Nobel Beats Views as Sales Volumes Rise
Akzo Nobel reported a growth in revenue and adjusted earnings for the first quarter that exceeded expectations, with higher volumes helping its top line, and backed its outlook for the year.Business -
China's Securities Regulator Eases Trading Rules With Hong Kong
China’s securities regulator released a series of measures to boost trading with Hong Kong, the country’s latest move to shore up investor confidence after recent stock-market volatility.Business - China -
Hipgnosis Agrees to $1.4 Billion Concord Takeover
Hipgnosis, home to the catalogue of artists such as Neil Young, Shakira and Red Hot Chili Peppers, has agreed to a $1.4 billion takeover by Apollo-backed music company Concord Chorus.Business -
International Paper Buys DS Smith in All-Share Deal
International Paper has agreed to buy London-listed peer DS Smith for roughly $7.2 billion in an all-share deal, outgunning a rival bid from Mondi to form a global packaging leader.Business -
CVC Confirms Amsterdam IPO Plan
Global buyout firm CVC said it plans to float on Euronext Amsterdam, raising $266 million in new money from the IPO.Business -
Jack Ma Praises Alibaba's Leadership, Restructuring
The Alibaba co-founder praised the company’s leadership and the ongoing restructuring in a memo to employees, a rare move for the billionaire since stepping away from the spotlight in recent years.Business -
BP Expects Profit Lift from Output Boost
BP expects a boost to first-quarter profits from higher oil, gas and low-carbon energy production, despite weaker gas prices.Business -
Tesla's China Sales Fell in April
Tesla’s sales in China dropped in April, while its Chinese rivals reported higher sales as the country’s electric-vehicle market rebounded from a slow start this year.Business - China -
Boeing's Latest Trouble Is a Jet Part Caught Up in Russia Sanctions
The plane maker can’t deliver enough 787 Dreamliners after sanctions disrupted production of heat exchangers.Business - Russia -
BYD's First-Quarter Story Is in The Margins
BYD, the world’s largest electric-vehicle maker, paid a price for aggressively cutting prices on its cars, grinding revenue growth to a four-year low in the first quarter. But the bigger story is in its margins.Business -
BP Goes Deeper Into Gulf of Mexico, After Triumphs and Tragedy
While rivals bank on big new plays in Guyana and Namibia, the new BP CEO is focused on heartland waters off the coast of Louisiana and Texas.Business -
McDonald's Supersizes China Bet as Corporate America Pulls Back
The fast-food chain aims to nearly double restaurants in the country after spending $1.8 billion to buy back a bigger stake in the company’s business there.Business - China -
Glass Lewis Backs 6 Activist Nominees for Norfolk Southern's Board
Norfolk Southern leaders were dealt a heavy blow in their proxy fight with activist investor Ancora Holdings after proxy advisory firm Glass Lewis endorsed six of Ancora’s seven proposed board nominees.Business -
Paramount Considers Removing CEO Bob Bakish
The board is considering installing a committee of top executives to run the company on an interim basis as turmoil over sale talks deepens.Business -
Asian Buyout Firm Begins Sale Process for $800 Million Malaysia Hospital Business
Buyout firm Affinity Equity Partners’ has started the process to sell the 600-bed Island Hospital with the first bids expected mid-June.Business -
Disneyland Performers Push to Unionize, Protesting Pay, Costume Injuries and 'the Dungeon'
Performers are sharing concerns over benefits, health and safety as they work to form a union.Business -
EasyJet Sees Narrower Loss as Travel Demand Builds
EasyJet expects to report a headline pretax loss of roughly $423 million-$448 million in the first half, with demand for summer bookings continuing to build.Business -
ASML Lackluster Orders Miss Forecasts as Demand Recovery Awaited
ASML reported lower orders for the first quarter as chip makers wait for demand to recover before securing key production equipment for the coming years.Business -
Beiersdorf Lifts Guidance After Strong Nivea Sales
Beiersdorf upgraded its full-year sales expectations after reporting a 10% revenue rise in its core consumer business in the first quarter.Business -
BNP Paribas Buys Fosun's Stake in Ageas
BNP Paribas is buying Fosun’s 9% shareholding in Belgium insurer Ageas for roughly $777 million.Business -
7-Eleven Owner Weighs IPO of Superstore Business
The Japanese owner of 7-Eleven, Seven & i Holdings, is considering listing its superstore business as part of efforts to focus on its convenience-store segment.Business -
Imperial Brands Says Outlook on Track
Imperial Brands continues to expect operating profits for the year to be close to the middle of its mid-single digit range, with its first-half performance supported by strong tobacco pricing.and growth in new generation products.Business -
UBS Beats Forecasts as Integration-Related Costs Fall
UBS returned to profit in the first quarter with the integration of Credit Suisse less of a drag on its performance than analysts anticipated, as the group continued to attract funds from wealthy clients.Business -
Societe Generale Shares Climb on Above-Forecast First Quarter
Societe Generale’s results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said.Business -
Musk Has a Vision for Tesla's Robotaxi. OthersCan'tSee It.
Carmaker plans to show off its automated vehicle this summer, but tech and regulatory hurdles remain before it can become reality.Business - Elon Musk -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.Business -
Walmart Takes On Trader Joe's and Whole Foods With New Premium Brand
The grocery giant is rolling out curry chicken empanadas and 300 other items as it seeks to capture spending by American consumers.Business -
How Bob Bakish, the Anti-Mogul CEO, Struggled to Rescue Paramount
The company veteran stepped down Monday with Paramount in the midst of a merger drama.Business -
AI Startups Have Plenty of Cash. They Often Don't Yet Have a Business.
Some startups are raising hundreds of millions of dollars before they even have a product or any revenue.Business -
U.S. Regulators Tie Tesla's Autopilot to More Than a Dozen Fatalities, Hundreds of Crashes
The NHTSA launched a new probe into the adequacy of a two-million vehicle recall in December, after discovering more crashes linked to the controversial technology.Business -
Dassault Systemes Full Year on Target After Profit Rise
Dassault Systemes confirmed its full-year financial forecasts after posting a 5% increase in operating profits for the first three months.Business -
FTC Blocks $8.5 Billion Deal Uniting Coach, Michael Kors
The antitrust regulator says Tapestry’s purchase of Capri Holdings hurts competition among affordable luxury handbag sellers; Companies vow to defend merger.Business -
Nissan Motor Cuts Annual Profit Estimate on Lower Vehicle Sales
Nissan Motor cut its net profit estimate for the fiscal year, missing analysts’ expectations, as it sold fewer cars than previously expected due to heightened competition.Business -
BP to Simplify Structure, Trim Leadership Team
BP said the changes are part of a plan to turn it into an integrated energy company and invest more in low-carbon activities.Business