WSJ.com: US Business
US Business
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FCC Fines Wireless Carriers for Sharing Customer Data
The agency said four carriers sold access to customers’ location data to aggregators.Business -
Rising Food Prices Send More Shoppers to Aldi
The German grocer keeps prices low with smaller stores, fewer staffers and a slimmer product menu than bigger supermarkets.Business -
Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million
The real-estate industry has now agreed to pay nearly $1 billion to settle anticompetitive allegations.Business -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.Business -
Kroger, Albertsons to Sell More Stores, Looking to Appease Regulators
Kroger and Albertsons have agreed to sell over 160 additional stores in a divestiture package, a bid to appease competition regulators and close their long-pending merger.Business -
Anglo American Plots Breakup After Rejecting $43 Billion BHP Bid
The miner outlined a turnaround effort that sharpens its focus on copper after turning down a sweetened takeover offer.Business -
Anglo Rejects BHP's Fresh $43 Billion Bid
The approach by the Australian mining company shows an eagerness to boost exposure to copper at a time when demand for the metal is expected to rise.Business -
Tesla Turmoil Means Make-or-Break Moment for EV Charging
Turmoil in Tesla’s charging network puts the spotlight on other fast-charging providers.Business - Tesla -
GM Is Shutting Down the Chevy MalibuAfter 60 Years
The automaker said it will deepen its focus on electric vehicles.Business -
South Korea Plans Push to Pivot EV Battery Industry Away From China
South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade guidelines.Business - China -
UniCredit Upbeat on Outlook After Strong First Quarter
UniCredit improved its 2024 guidance as it reported better than expected profits for the first quarter on higher revenue and net interest income.Business -
Howard Schultz Is Giving His Successor at Starbucks Advice on LinkedIn
The former CEO calls for a ‘focus on customer experience’ in a post after the company’s earnings miss.Business -
Legrand Misses Forecasts But Keeps Outlook
Legrand posted lower profits for its first quarter following a slowdown in the construction sector, but confirmed its financial targets for the year.Business -
Hugo Boss Keeps Outlook After Strong First Quarter
Hugo Boss reported profit and revenue growth in the first quarter, helped by brand investment and efficiency gains, and confirmed its full-year targets.Business -
Aston Martin Outlook on Track, New Cars to Boost Growth
Aston Martin losses grew in the first quarter on lower revenue, but said it expected the launch of four new models this year would drive growth in the second half.Business -
Vonovia Lifted by Solid First Quarter, Trading Momentum
Vonovia shares rose sharply after the real estate company confirmed its 2024 forecasts after its first-quarter results came in ahead of consensus.Business -
NBC Prepares $2.5-Billion-a-Year Bid to Pluck NBA Rights From TNT
The league is in advanced stages of a new round of media-rights deals. Disney’s payments would increase under a proposed deal.Business - NBA -
French Government to Buy Some Atos Assets
Atos said the French state offered to buy parts of its big data and security arm for up to $1 billion, including debt, in a bid to prevent a collapse of the information-technology firm.Business - France -
Anglo Rejects BHP's $39 Billion Bid
The London-listed mining giant said the bid “significantly undervalues” the company, setting the stage for a potential bidding war.Business -
Airbus Sticks to Plane-Delivery Goal, Ramps Up A350 Production
Airbus posted higher revenue and profit for the first quarter, backed its goal to deliver more planes this year than in 2023 and decided to increase production of its A350 wide-body jets, extending its lead over beleaguered rival Boeing.Business -
BNP Paribas Confirms Outlook After Earnings Beat
BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit.Business -
Honda, Canada on Verge of Deal to Build EV-Assembly Plant in Ontario
Honda Motor is nearing a deal to assemble EVs and components in Canada, with the government agreeing to partly offset the Japanese auto maker’s capital costs through recently unveiled tax breaks.Business -
Air New Zealand Warns on Profits As Headwinds Stay Strong
Air New Zealand warned on profits as it grapples with revenue headwinds in its home market and in North America.Business - New Zealand -
A Legal Scholar Critiqued Elon Musk's Pay. Now He's Out of a Job.
Tesla threatened to fire a law firm over Charles Elson’s objections to the CEO’s proposed pay package, an email suggests.Business -
Tencent Profit Jumps as High-Margin Businesses Grow
Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses.Business -
SoftBank Commits $5 Billion to AI After Three Years of Losses
The Japanese investment company said its net asset value nearly doubled thanks to the rising share price of its U.K. chip-design unit, Arm.Business -
The Man Whose Musings Fuel Elon Musk's Nightmares
A marketing professor in Canada has formed a bromance with the billionaire around what they fear is ailing the world.Business - Elon Musk -
CBA Reports Lower Profit as Margins Weaken
Commonwealth Bank of Australia posted a fall in third-quarter profit, reporting slightly lower margins as competition remains in the country’s retail banking sector.Business -
Toyota Motor Projects Annual Profit Drop
The Japanese carmaker projected a drop in fiscal-year profit on higher costs and announced a share buyback after posting stronger fourth-quarter net profit thanks partly to a weaker yen.Business -
Zeekr Plans to Close IPO Book Early Ahead of U.S. Listing
Electric-vehicle maker Zeekr plans to stop taking orders for its over $300.0 million U.S. offering earlier than expected, people familiar with the process said.Business -
Simon & Schuster Signs Deal to Buy Dutch Publisher VBK
Simon & Schuster is acquiring Dutch publishing house Veen Bosch & Keuning for an undisclosed amount, its first deal for a non-English book publisher as it pushes to expand internationally.Business - Netherlands -
ABC News President Kim Godwin Is Stepping Down
Godwin’s move came months after a corporate restructuring that effectively stripped away much of her management autonomy.Business -
Daimler Truck Targets Unchanged After Earnings Beat
Daimler Truck reported higher core profits in the first quarter, driven by gains in North America, and said it was on track to meet its financial targets for the year despite headwinds in Europe increasing.Business -
Pandora Lifts Sales Outlook After Strong Start to Year
Pandora raised its revenue guidance after reporting a market-beating result for the first quarter, and said the second quarter had got off to a healthy start with high single-digit like-for-like growth.Business -
ProSiebenSat.1 Media Split Plan Narrowly Rejected at AGM
ProSiebenSat.1 Media shareholders rejected a proposal by top investor MFE-MediaForEurope to begin preparations for splitting the company into two businesses.Business -
Adidas Maintains Outlook as First Quarter Tops Forecasts
Adidas posted above-forecast profits for the first quarter, citing brand momentum, and confirmed its recently-lifted outlook for the year.Business -
A Massive U.S. Nuclear Plant Is Finally Complete. It Might Be the Last of Its Kind.
Cost overruns and delays at Southern Co.’s Plant Vogtle pushed U.S. nuclear power in a different direction.Business -
PetroChina's Net Profit Rose on Higher Sales
PetroChina’s net profit and revenue rose, primarily due to a rise in sales volume for the Chinese state-controlled oil company’s oil and gas products.Business -
NatWest's Results Beat Views on Improving Customer Confidence
NatWest’s income and profit fell by less than expected in its first quarter, reflecting an improvement in customer confidence and activity and pushing shares to their highest price in more than a year.Business -
CVC Soars in of Amsterdam Trading Debut
CVC shares rose 24% on the first day of trading on Amsterdam’s stock exchange, after the buyout firm priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion.Business