WSJ Company News feed
Updated: 2 hours 25 min ago
Sometimes liquidation sales can be effective negotiation tools. Of 17 retailers with more than 100 stores each that filed for bankruptcy in 2017, only Limited Stores, Wet Seal, Vanity Shop and Hhgregg closed their entire fleet of stores for good.
Ferrero International, the Italian confectionery maker, muscled further into the North America market, agreeing to pay $2.8 billion in cash to buy Nestlé’s U.S. chocolate business that includes the Butterfinger and Baby Ruth brands.
Facebook, Google, Amazon and Apple dominate their worlds just as Standard Oil and AT&T once did. Critics say they should get the same treatment. The answer to the antitrust question depends on a narrow test: Are consumers worse off?
For most of the current economic expansion, the self-storage sector has been beating all other major commercial property types in earnings growth and stock performance. But growth is slowing as markets get flooded with new supply.
The Guam location, by far the chain’s busiest store, is protected by an expanse of ocean from the rapidly changing consumer market, prospering in a kind of retail Galapagos.
General Motors said 2017 pretax profit last year ended up at the high end of its previous forecast, but disclosed it will take a $7 billion write-down on deferred-tax assets stemming from the sweeping tax-overhaul bill passed last month.
Chevron is resuming drilling in Iraqi Kurdistan and taking steps to send staff there again, a sign that tensions between Baghdad and the Kurdistan Regional Government are easing.
Ericsson said it is writing down $1.77 billion in assets, the latest in a series of charges at the Swedish telecoms-equipment maker as it retools itself to better compete with nimbler Chinese manufacturers.
General Electric said it would book a $6.2 billion charge in its fourth quarter and will have to set aside $15 billion over seven years to bolster insurance reserves at its GE Capital unit, surprising investors with deeper than expected problems in a business many thought the company had left behind.
While batteries seem to be moving at a slower clip than other tech development, products and concepts on display at the annual CES trade show address some of our biggest power problems.
The tax overhaul that President Trump signed into law last month capped a year in which his initiatives on taxes, regulation—and many of his public pronouncements on the economy—have been broadly welcomed by business, even though his relationship with CEOs has sometimes stumbled.
Google is expanding its sprawling network of undersea cables to plug into new regions around the world, in a bid to speed up its cloud-computing business and catch up to rivals Microsoft Corp. and Amazon.com Inc.
UnitedHealth’s quarterly profit beat analysts’ expectations and the health insurer raised its yearly outlook, as revenue from both its health care and health care services businesses increased.
Energizer Holdings said Tuesday it will buy Spectrum Brands Holdings’s battery and portable lighting business for $2 billion in cash.
BP said it would take a $1.7 billion charge in its fourth-quarter earnings because of settlement claims related to the 2010 disaster in the Gulf of Mexico.
CEO Sergio Marchionne said Monday he has no plans to sell its Jeep business or split up the company, cooling speculation but leaving the company’s long-term strategy unclear.
Airbus SE Chief Executive Tom Enders has flatly accused the Trump administration of protectionism, while criticizing rival Boeing Co. for exploiting such sentiments.
With industrial uses on the wane, producers are cutting jobs, selling assets and spending millions of dollars in advertising. Their Hail Mary is to entice a new generation of jewelry buyers to switch from gold.
Royal Dutch Shell is giving up on its last oil fields in Iraq, leaving the world’s second-biggest oil company with a dwindling footprint in the Middle East—a region it helped build into a petroleum powerhouse.
Greece’s parliament voted on dozens of fiscal, labor and energy reforms, as the government seeks to wrap up the current review of its bailout program, leaving just one inspection before the end of the country’s bailout regime after eight years.