• RT @khadeeja_safdar: NEW: Employees at Adidas are calling on the company’s supervisory board to investigate its HR chief. This comes after…
    WSJ Business News Tue 16 Jun 2020 17:21
  • RT @marcelolprince: "I’ve got people I went to high school with who I haven’t spoken to in 20 years, asking how they can get a boat.” Coron…
    WSJ Business News Tue 16 Jun 2020 16:56
  • RT @marcelolprince: It's not you. It's not your phone. @TMobile is suffering a widespread service outage. Link
    WSJ Business News Mon 15 Jun 2020 22:15

    T-Mobile US Inc. users in several states reported problems making and receiving phone calls Monday, a widespread service disruption for the newly enlarged wireless provider.

    The network issues began in the afternoon at T-Mobile, which is taking early steps to integrate its April purchase of Sprint Corp. The transaction left the combined company with more than 100 million customers, including those running atop its infrastructure under other carriers’ brands.

    ...
  • Lenders cut shale drillers’ lifelines as the industry faces liquidity crunch Link
    WSJ Business News Mon 15 Jun 2020 13:09

    Banks are slashing credit lines to shale drillers, as an oil-price crash and wells that have failed to produce as much as predicted force a painful reassessment of companies’ assets.

    The cuts vary from company to company, but Moody’s Corp. and JP Morgan Chase & Co. forecast a total reduction of as much as 30% to the asset-backed loans, or tens of billions of dollars. At current prices, that will be enough to tip some weaker players into bankruptcy as capital for the beleaguered industry dries up, say bankers, lawyers and...

  • Many struggling dairy farmers have benefited from consumer stockpiling during the pandemic, but not enough to reverse their fortunes Link
    WSJ Business News Mon 15 Jun 2020 12:24

    Grocery stores are selling more milk for the first time in a decade as U.S. consumers use more of the staple during months at home because of the coronavirus pandemic.

    It isn’t enough to reverse the fortunes of many struggling dairy farmers.

    Sales of cow’s milk at supermarkets in the U.S. have risen 2% by volume this year from the comparable...

  • The pandemic that forced plants to close hangs over attempts to ramp up production Link
    WSJ Business News Sat 13 Jun 2020 19:08

    Auto makers are grappling with absent U.S. factory workers and Covid-19 cases at their reopened plants, complicating the companies’ efforts to recoup production lost to the pandemic.

    The impact on output has been minimal as many plants aren’t yet operating at full capacity, the companies said. Still, the challenges have required auto makers to adjust shifts and add temporary workers. Such moves highlight the complexities businesses face upon reopening as they look to insulate their workplaces from potential outbreaks while...

  • Six feet between customers. Employees washing hands every 20 minutes. Two ways Denny’s is meeting the new world of Covid-19. Link
    WSJ Business News Fri 12 Jun 2020 20:17

    When Covid-19 restrictions closed most dining rooms across the U.S., Denny’s had to think fast.

    Full-service chains such as Denny’s and Olive Garden rely on sit-down business and typically don’t offer drive-through service—which means the restrictions on gatherings hit them harder than their quick-service competitors. Not to mention that full-service chains usually charge higher prices, and many potential customers found themselves in financial straits during the lockdown.

    ...
  • Black small-business owners have faced hurdles accessing the Paycheck Protection Program. Here’s how the African-American owners of MahoganyBooks in Washington, D.C., have kept their small business afloat. Link
    WSJ Business News Fri 12 Jun 2020 16:12
    Black small-business owners have faced hurdles accessing the Paycheck Protection Program. Here’s how the African-American owners of MahoganyBooks in Washington, D.C., have kept their small business afloat. Photo: Zach Wood for The Wall Street Journal
  • An Applebee’s’ franchise owner in Michigan is hustling to persuade customers it is still safe to dine out amid the coronavirus pandemic. Link
    WSJ Business News Fri 12 Jun 2020 15:37

    Ann Arbor, Mich.—When one of Michigan’s biggest restaurant franchises reopened for dine-in service this week after nearly three months, its eateries had been transformed by efforts to make redesigned door handles and a checkerboard of closed-off booths look as inviting as possible.

    At an Applebee’s owned by Team Schostak Family Restaurants in Ypsilanti, Mich., a sign next to the entrance illustrated a “hands-free door pull.” Customers who entered did so through a front door that swings open with the touch of an elbow or forearm...

  • “You just couldn’t get through to anybody, it was torture.” Shoppers are frustrated by long wait times and slow refunds after coronavirus shifted most shopping online. Link
    WSJ Business News Fri 12 Jun 2020 14:52

    A month after returning too-small yoga pants he had bought his girlfriend, Mark Quinn still hadn’t gotten his money back from Lululemon.

    Like other annoyed online shoppers, the 55-year-old executive from Boynton Beach, Fla., called and emailed the company to no avail. “You just couldn’t get through to anybody, it was torture,” Mr. Quinn said, until he finally got through and received his refund.

    As...

  • The magical world of Hollywood is saddled with a new reality likely to continue to disrupt work for at least several months. And viewers shouldn't expect many intimate moments, exotic locales or wide shots full of background actors. Link
    WSJ Business News Fri 12 Jun 2020 14:17

    The state of California has said film and television production can resume Friday, roughly three months after being shut down because of the Covid-19 pandemic. But few are ready to shout “lights, camera, action” just yet.

    Before actors, directors, producers and crews return to set, a range of issues need to be resolved, including coronavirus-safety protocols, privacy concerns and insurance coverage.

    Behind...

  • GM’s decision to scrap much of its Australia business highlights the obstacles the Detroit company faces as it tries to leave unprofitable markets Link
    WSJ Business News Fri 12 Jun 2020 01:26

    SYDNEY—General Motors Co.’s decision to scrap much of its Australia business is facing resistance from dealers, politicians and regulators, highlighting the difficulties the auto maker faces as it attempts to leave unprofitable foreign markets.

    Days after the Detroit company said in February that it would close its Holden brand—part of GM in Australia for nearly a century—lawmakers in the country’s Parliament launched an inquiry. Dealers, meanwhile, say that they aren’t being fairly treated during the transition. And Australia’s...

  • When Amazon struggled to handle a pandemic order surge, competitors saw a window of opportunity. But even taking on a weakened Amazon was an ordeal. Link
    WSJ Business News Thu 11 Jun 2020 15:51

    When coronavirus lockdowns sent Americans into a frenzy of panic buying, the bad news came almost as quickly as the good for online organic grocer Thrive Market.

    In March, the company that aims to compete with Amazon.com Inc. in the health-food sector suddenly found customers flocking to its site as its giant rival struggled to handle its own pandemic business surge. Thrive notched record sales and membership sign-ups.

    Then...

  • Juul Labs has to prove that it can be trusted again, CEO K.C. Crosthwaite said in an interview. Link
    WSJ Business News Thu 11 Jun 2020 15:21

    The chief executive of Juul Labs Inc. has a message for investors: Be patient.

    Since K.C. Crosthwaite took the helm of the e-cigarette maker nine months ago, Juul has halted most of its U.S. advertising, cut more than 1,500 jobs, stopped selling sweet and fruity flavors in the U.S. and put the brakes on its international expansion. And he doesn’t plan to get the startup back to growth any time soon.

    First,...

  • Study retractions in the New England Journal of Medicine and Lancet are raising questions about how medical journals decide which articles to publish and how authors vet raw data. Link
    WSJ Business News Thu 11 Jun 2020 14:51

    Surgisphere Corp., a little-known medical-data company, said it had a massive data set of patients that researchers could use to study the effect of blood-pressure and malaria drugs on Covid-19, leading to the publication of high-profile papers on the disease.

    Now, the Harvard researcher who co-authored two articles on its research says he never saw the data and can’t verify its existence.

    The...

  • Unilever says it needs to be more nimble to confront the challenges of Covid-19 Link
    WSJ Business News Thu 11 Jun 2020 14:21

    LONDON—Unilever PLC said it would consolidate its dual British and Dutch corporate structure into a single company based in the U.K., a move it hopes will allow it to more nimbly navigate the challenges posed by the Covid-19 pandemic.

    Less than two years ago, Unilever, the maker of Hellmann’s mayonnaise and Dove soap, abandoned a similar restructuring, aimed at merging its two, separately listed British and Dutch operating companies. At the time, Unilever had proposed moving its headquarters to Rotterdam.

    ...
  • Humanitarian China said its account was closed without notification or explanation from Zoom, then quietly restored after a news report on the shutdown Link
    WSJ Business News Thu 11 Jun 2020 13:51

    Zoom Video Communications Inc. drew fresh questions over its relationship with the Chinese government when it shut down a U.S. human-rights organization’s account shortly after its videoconference on the 1989 Tiananmen Square massacre.

    San Francisco-based Humanitarian China said when it tried to access the platform Sunday, it found the account had been closed without notification or explanation from the videoconferencing platform. Zoom quietly reactivated the account Wednesday, after the news organization Axios reported on...

  • Coronavirus-hit small businesses are pulling their advertising from Facebook—and the social-media giant is welcoming the move Link
    WSJ Business News Thu 11 Jun 2020 13:21

    Enrique Marquez stopped advertising his dog-obedience classes on Facebook during the pandemic, and instead started using the platform to live-stream sessions and conduct training via chat.

    That is a trade Facebook Inc. is increasingly willing to make as it tries to turn itself into a go-to e-commerce and communication platform for small businesses crippled by the coronavirus.

    After...

  • The EU plans to file formal antitrust charges against Amazon for alleged mistreatment of third-party sellers, people familiar with the matter say Link
    WSJ Business News Thu 11 Jun 2020 12:51

    The European Union plans to file formal antitrust charges against Amazon.com Inc. over the e-commerce company’s treatment of third-party sellers, according to people familiar with the matter.

    The charges could be officially filed as early as next week or the week after, one of the people said. The European Commission, the bloc’s top antitrust regulator, has been honing its case, and the case team has been circulating a draft of the charge sheet for a couple of months, another person said.

    ...
  • GM’s decision to scrap much of its Australia business highlights the obstacles the Detroit company faces as it tries to leave unprofitable markets Link
    WSJ Business News Thu 11 Jun 2020 12:16

    SYDNEY—General Motors Co.’s decision to scrap much of its Australia business is facing resistance from dealers, politicians and regulators, highlighting the difficulties the auto maker faces as it attempts to leave unprofitable foreign markets.

    Days after the Detroit company said in February that it would close its Holden brand—part of GM in Australia for nearly a century—lawmakers in the country’s Parliament launched an inquiry. Dealers, meanwhile, say that they aren’t being fairly treated during the transition. And Australia’s...

  • RT @marcelolprince: “We don’t have any problem with the waiting. The thing is that they’re not communicating.” IKEA's e-commerce struggles…
    WSJ Business News Wed 10 Jun 2020 18:15
  • Augmented reality has become more useful in a world where business travel and direct human interaction are restricted—and likely to stay that way for a while Link
    WSJ Business News Wed 10 Jun 2020 15:45

    Intel Corp.’s semiconductor production hit a stumbling block in March. A chip plant in Chandler, Ariz., needed work done, but the engineer for the job was stuck in Germany because of trans-Atlantic flight restrictions to combat the spread of the coronavirus.

    If Intel couldn’t recalibrate existing machines and install new ones, America’s largest chip maker faced a production slowdown just when demand was surging as personal computers and the cloud became critical to facilitate remote work.

    ...
  • The CEO of one of the world’s largest employment agencies says working remotely can detract from personal development and a company’s culture. Link
    WSJ Business News Wed 10 Jun 2020 14:40

    Alain Dehaze knows a lot about jobs, and he’s not sold on remote work.

    The 57-year-old Belgian has insights into the world of work as head of Adecco Group, one of the world’s largest providers of temporary employment, outplacement services, headhunting and retraining services.

    Many companies have recently trumpeted the promise of working...

  • CrossFit CEO Greg Glassman steps down amid backlash over his remarks on the killing of George Floyd. Link
    WSJ Business News Wed 10 Jun 2020 02:19

    Greg Glassman, the founder and chief executive of CrossFit Inc., said he had decided to retire after his inflammatory remarks about the killing of George Floyd prompted sponsors and gym owners to cut ties with his company.

    “On Saturday I created a rift in the CrossFit community and unintentionally hurt many of its members,” Mr. Glassman said in a statement. “I cannot let my behavior stand in the way of HQ’s or affiliates’ missions.”

    ...
  • Online automobile seller Vroom’s stock opened 83% above its initial offering price. The strong debut follows two other successful tech IPOs this year Link
    WSJ Business News Tue 09 Jun 2020 22:44

    Vroom Inc.’s shares soared in their first day of trading, adding the online automobile seller’s name to a list of companies that had strong public showings in the past few weeks.

    The company’s stock, which is trading on the Nasdaq Stock Market under the symbol VRM, opened Tuesday at $40.25, 83% above its initial offering price of $22 a share.

    The...

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