U.S. Drugmakers Are Breaking Up With Their Chinese Supply-Chain Partners

1 November 2024 at 04:04

U.S. drugmakers and biotechs have come to rely on Chinese partners. Now, some of them are looking for alternatives as geopolitical tensions rise.

Big Tech Sees AI Bets Starting to Pay Off

WSJ.com: US Business

1 November 2024 at 04:03

Microsoft, Google and Amazon all report strong quarterly growth in cloud revenue, but warn of increased capital spending.

Boeing Makes Another Offer to End Machinists Strike

WSJ.com: US Business

31 October 2024 at 23:46

The company is offering a 38% wage increase over four years in its latest proposal. That is up from its original offer of 25%, which was overwhelmingly rejected by a union local representing machinists.

Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending

WSJ.com: US Business

31 October 2024 at 21:03

The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.

TGI Fridays Nears Bankruptcy Filing

WSJ.com: US Business

31 October 2024 at 20:49

The casual-dining stalwart has dealt with slowing sales. A deal to purchase the company fell through earlier this year.

Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving

WSJ.com: US Business

31 October 2024 at 22:51

The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.

Apple Sales Hit Quarterly Record as iPhone Business Rebounds

WSJ.com: US Business

1 November 2024 at 01:11

Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.

Audit Reports Matter After All, Appeals Court Says

WSJ.com: US Business

31 October 2024 at 20:31

The decision reverses an earlier ruling that spurred debate about the reports.

Discounters Like Burlington, T.J. Maxx Expected to Win Holiday-Shopping Wars

WSJ.com: US Business

31 October 2024 at 19:27

Investors can expect a bleak outlook for department stores that have struggled to provide consumers with the value they’re looking for, but discounters such as T.J. Maxx, Ross Dress for Less and Burlington anticipate higher foot traffic this holiday season.

'Jeopardy!' and 'Wheel of Fortune' at Center of Legal Feud Between Sony and CBS

WSJ.com: US Business

31 October 2024 at 18:40

Sony alleges that CBS, which distributes the shows, has hurt profitability for the franchises.

Universal Music Revenue Beats Forecasts Amid Subscriptions Boost

WSJ.com: US Business

31 October 2024 at 17:41

Universal Music Group posted higher revenue after growth from subscriptions and streaming services exceeded analysts’ expectations.

Ford Motor to Pause F-150 Lightning Production for Several Weeks

WSJ.com: US Business

31 October 2024 at 17:30

The automaker said it would idle the assembly factory that makes the battery-powered truck from mid-November to Jan. 6.

Comcast Eyes New Venture to House MSNBC, USA and Other U.S. Cable Channels

WSJ.com: US Business

1 November 2024 at 02:10

The cable and entertainment company said it would consider partnerships in streaming as it posted a jump in quarterly revenue.

Huntington Ingalls' Shares Tumble on Outlook Cut, Navy Contract Delay

WSJ.com: US Business

31 October 2024 at 16:06

The biggest U.S. military shipbuilder pulled its five-year free cash-flow forecast amid uncertainty about a submarine contract, supply-chain disruption and the loss of experienced workers.

AstraZeneca Probe in China Adds to Concerns for Foreign Businesses

WSJ.com: US Business

31 October 2024 at 19:48

An investigation involving the drugmaker’s China president is the latest crackdown to trigger uncertainty in the industry about Beijing’s intentions.

Teva Fined Around $500 Million Over MS Drug Competition Concerns

WSJ.com: US Business

31 October 2024 at 13:26

The European Union fined Israel’s Teva Pharmaceutical 462.6 million euros, saying it abused its market position in a way that might have delayed competitors from entering the multiple sclerosis market.

Peloton Interactive Names Peter Stern as CEO; Narrows 1Q Losses

WSJ.com: US Business

31 October 2024 at 12:06

Peloton Interactive appointed Peter Stern as chief executive officer following a months-long search for a new leader to continue its turnaround efforts.

EstéeLauder Shares Plunge 21% After It Slashes Dividend

WSJ.com: US Business

31 October 2024 at 23:37

The cosmetics giant withdrew its outlook for the current year after reporting another quarter of falling sales.

Temu Faces EU Probe Over Failure to Stop Illegal Sales

WSJ.com: US Business

31 October 2024 at 11:28

The European Commission, the EU’s executive arm, said it had opened formal proceedings against the Chinese e-commerce platform to assess whether it may have breached Europe’s digital services regulations.

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