Linda
Universal Music Sheds $13 Billion in Market Cap After Streaming Revenue Disappoints
The record label behind Taylor Swift, Billie Eilish and Ariana Grande posted revenue growth from subscriptions and streaming…
Kroger, Albertsons Agree to Pause Merger as FTC, State Challenges Proceed
Deal between the two grocery-store operators has faced regulatory scrutiny since it was announced in October 2022.
Hermes Bucks Luxury Slowdown With Higher Sales But Flags Weakness in China
The Birkin handbag maker reported higher sales for the second quarter, with wealthy customers helping it defy a…
Uber and Lyft Win California Ruling to Treat Drivers as Contractors
The state’s Supreme Court decision preserves the gig-economy business model.
Gucci Owner Kering's Earnings Hit by Turnaround, China Woes
The French luxury-goods group said it booked revenue of €9.02 billion, down 11% both as reported and on…
EVs Are Cheaper Than Ever. Can Car Buyers Be Won Over?
Discounts abound as automakers and dealers try to entice hesitant shoppers to make the switch.
Delta Struggles to Regain Footing After Tech Outage
Passengers have filed hundreds of complaints against the carrier as it works to restore systems and locate available…
Gucci's Owner Lost His Patience. What Came Next Was a Grand Reinvention.
French billionaire François-Henri Pinault is taking hands-on approach as he scrambles to catch up to rival LVMH.
The White-Collar Hiring Rut Is Here. That's Bad News for Young College Grads.
After a pandemic boom, hiring is down for jobs that require a bachelor’s degree. ‘These companies just got…
Major IT Outage Grounds Flights, Hits Banks and Businesses Worldwide
An update from cybersecurity-software firm CrowdStrike caused outages for millions of users of Microsoft Windows devices.
Anglo American Cuts Coal Target Following Fire Incident
Anglo American cut its 2024 coal-production target after a fire incident at a major mine is set to…
Darden Restaurants to Acquire Chuy's Holdings in $605 Million Deal
Darden said it will acquire all the outstanding shares of Chuy’s for $37.50 per share. The price represents…
Elon Musk Says He Will Move X and SpaceX Headquarters Out of California
Move follows a new California law affecting communications between schools and families over gay and transgender students.
Harley Will Ride or Die With the Graybeards
Milwaukee-based company focuses on high-end motorcycles, but some say it isn’t cultivating the next generation of buyers. ’You…
Lufthansa Cuts Guidance as Flagship Airline Struggles to Break Even
Deutsche Lufthansa cut its guidance for the year, warning it will be increasingly challenging for its flagship airline…