Starbucks Starbucks Boosts U.S., China SalesThe Wall Street Journal. - Heather HaddonStarbucks Corp. beat profit expectations during its most recent quarter and boosted forecasts for sales growth this year, a sign that the chain is rejuvenating sales in its biggest markets. Shares in coffee
Business Turnover Hits Apple's Famed Industrial Design TeamThe Wall Street Journal. - Tripp MickleApple Inc.’s close-knit industrial design team is undergoing its most pronounced turnover in decades, marking a changing of the guard for the famed group that has defined the tech giant’s aesthetic and
Sri Lanka Sri Lanka Bombings Put Focus on Islamist Preacher Long on the RadarThe Wall Street Journal. - Jon Emont, Niharika MandhanaCOLOMBO, Sri Lanka—While authorities here try to unravel the suicide-bombing plot that killed over 200 people on Easter Sunday, a local preacher who promoted hard-line Islamist views in fiery online sermons
Business Intel Cuts Financial Forecast for YearThe Wall Street Journal. - Asa FitchIntel Corp. trimmed its financial forecast for this year and said quarterly sales of chips for data centers declined for the first time in seven years, reflecting uncertainty in a business-computing market
Business Bunge Names Greg Heckman CEOThe Wall Street Journal. - Jacob BungeBunge Ltd. appointed longtime agribusiness executive Gregory Heckman chief executive as the grain giant revamps its business amid turbulent agricultural markets. Mr. Heckman, 56 years old, became Bunge’s
Amazon Go Amazon's Profit More Than DoublesThe Wall Street Journal. - Yoree KohAmazon.com Inc. notched a fourth-straight record profit as it tamed costs, but its quarterly revenue grew at the slowest pace in nearly four years. The e-commerce company reported its first-quarter profit
Bitfinex Bitfinex Drained Tether to Mask Missing Funds, Probe FindsThe Wall Street Journal. - Paul VignaA cryptocurrency exchange that claims real dollars back its popular digital coin Tether raided those reserves to cover up $850 million that went missing, the New York Attorney General’s office said Thursday.
Mattel Mattel Sales Dragged Down by Fisher-Price, American GirlThe Wall Street Journal. - Paul ZiobroMattel Inc.’s sales fell 3% in the first quarter as slumps at Fisher-Price, American Girl and other brands continued to offset gains by Barbie and Hot Wheels toys. Mattel posted a significantly narrower
Business High-School Graduates Flock to College Even in Strong Job MarketThe Wall Street Journal. - Sarah Chaney, Michelle HackmanWASHINGTON—The share of recent high-school graduates who enrolled in college rebounded last year, showing the strongest labor market in decades has yet to entice young Americans away from pursuing more
Business Ford's Profit Beats Estimates on Stout Truck, SUV SalesThe Wall Street Journal. - Mike ColiasFord Motor Co.’s first-quarter operating profit rose 12%, as the auto maker shored up overseas losses and notched sharp gains from the strength of its pickup-truck and sport-utility lineup in the U.S.
Gannett Digital First to Cut Its Slate for Gannett's Board From 6 to 3 NomineesThe Wall Street Journal. - Cara LombardoDigital First Media, the hedge fund-backed media company pushing Gannett Co. to sell itself, plans to cut the number of seats it is seeking on Gannett’s board in half, according to people familiar with
Morgan Stanley Morgan Stanley to Pay $150 Million to Settle California CaseThe Wall Street Journal. - Stephen NakrosisCalifornia’s attorney general said Morgan Stanley has agreed to pay $150 million to settle allegations the company misled investors, including pension funds serving the state’s teachers and public employees.
World News Europe's Nationalists Band Together in Bid for InfluenceThe Wall Street Journal. - Marcus Walker, Drew HinshawPRAGUE—Far-right politicians from around Europe held a rally in a historic square here Thursday, addressing a modest crowd of a few hundred, but proclaiming a continent-sized ambition: to remake the European
Opinion Biden's Climate TestThe Wall Street Journal. - James FreemanFormer Vice President Joe Biden (D., Del.) is running for President again. And one of Donald Trump’s 2016 rivals thinks that Mr. Biden is the most formidable of the potential 2020 rivals. The website notes
Home Ownership Homeownership Rate Drops for First Time in More Than Two YearsThe Wall Street Journal. - Laura KusistoThe U.S. homeownership rate fell for the first time in more than two years in the first quarter, putting the brakes on the recovery of an important piece of the economy. The homeownership rate fell to
Business Licensing Company Authentic Brands in Talks to Buy Sports Illustrated for About $110 MillionThe Wall Street Journal. - Jeffrey A. Trachtenberg, Benjamin MullinLicensing company Authentic Brands Group LLC has emerged as a leading contender to buy Sports Illustrated from Meredith Corp., according to people familiar with the matter. The price is said to be about
Janet Jackson Why Janet Jackson Is an IconThe Wall Street Journal. - Jewel WickerCiara, Janelle Monáe and more honor the legend as she’s inducted into the Rock and Roll Hall of Fame As Janet Jackson pointed out in her induction speech at the Rock & Roll Hall of Fame ceremony in March,
World News Death Toll of Sri Lanka Bombings Lowered to About 250 From 359The Wall Street Journal. - Uditha JayasingheCOLOMBO, Sri Lanka—Sri Lanka’s health ministry said Thursday that the death toll of Sunday’s bombings would be lowered to about 250 from 359—the latest figure released by police—citing difficulties identifying
Verizon Verizon Pauses Plans to Charge for 5GThe Wall Street Journal. - Sarah KrouseVerizon Communications Inc. is holding off for now on its plans to charge an extra $10 a month for faster 5G smartphone service. The largest U.S. wireless carrier by subscribers said Thursday it would
Facebook Facebook Probe Found Major Shortcomings in Privacy Protection, Watchdog SaysThe Wall Street Journal. - Kim Mackrael, Paul VieiraOTTAWA—Canada’s main privacy watchdog said Thursday a year-long probe found Facebook Inc. broke the country’s privacy laws and failed to protect Canadians’ personal information, and will go to court to
The New Vacation Perk: Celebrity EncountersThe Wall Street Journal. - The Wall Street JournalTITUSS BURGESS doesn’t like to travel and says he knows “zero” about South Africa, which would seem to make him an unlikely host for a 10-day tour of that nation, especially one that costs nearly $27,000
Glaciers New Model Suggests Slower Decline of GlaciersThe Wall Street Journal. - Daniela HernandezThe complex relationship between Antarctica’s glaciers and the land on which they rest may help slow the rate of ice loss in the long term, according to a new method for modeling such interactions. Scientists
Comcast Comcast Is Surviving Big Media's Horror FlickThe Wall Street Journal. - Elizabeth WinklerFor many legacy media companies, streaming behemoths like Netflix look a little like the grim reaper: an existential threat to their businesses. For Comcast, however, the picture is more complicated. the
Technology Mitel Offers to Merge With Avaya in Stock Deal Worth Over $2 BillionThe Wall Street Journal. - Cara Lombardo, Ben DummettTelecommunications-equipment maker Avaya Holdings Corp. is in talks to combine with rival Mitel Networks Corp. in a stock deal worth more than $2 billion, people familiar with the matter said. Closely
Catherine Pugh FBI Raids Baltimore Mayor's Homes, Office Amid Scrutiny Over BooksThe Wall Street Journal. - Scott Calvert, Aruna ViswanathaBALTIMORE—Federal agents raided locations across Baltimore, including City Hall and two homes owned by Mayor Catherine Pugh, as part of an investigation into deals involving Ms. Pugh’s self-published Holly”
Emmanuel Macron France's Macron Vows to Cut Taxes, Stay on Pro-Business CourseThe Wall Street Journal. - Noemie Bisserbe, Stacy MeichtryPARIS—French President Emmanuel Macron promised to cut taxes in a long-awaited address that sidestepped demands for sweeping measures to quell months of violent yellow-vest protests. Speaking from within
Volodymyr Zelensky Putin Shows Carrot and Stick to New Ukraine LeaderThe Wall Street Journal. - Ann M. SimmonsMOSCOW—Russian President Vladimir Putin appeared to extend an olive branch to Ukraine’s president-elect in his first public comments since Sunday’s vote, while tightening the screws on a Russia-occupied
Investing Saudi Sovereign-Wealth Fund Plans to Raise Billions in Debt for InvestmentsThe Wall Street Journal. - Rory JonesRIYADH—Saudi Arabia’s sovereign-wealth fund is planning to tap the debt market for billions of dollars it needs for investments to help deliver Crown Prince Mohammed bin Salman’s ambitious economic overhaul,
Alibaba Group Alibaba's Stays on 'Notorious Markets' ListThe Wall Street Journal. - William MauldinWASHINGTON—U.S. trade officials acknowledged steps by Alibaba Group Holding Ltd. to curb the sale of counterfeit goods on the Chinese company’s Taobao.com platform but left the e-commerce site on the of
Investing 3M Has a Sticky SituationThe Wall Street Journal. - Lauren Silva LaughlinAs competitors from General Electric to Honeywell rethink structures, 3M is stuck together by stronger stuff than tape. The Minnesota-based maker of things from Post-its to air filters has hummed along
