Wednesday, January 15

Tag: Corporate/Industrial News

‘This Can’t Go On for Much Longer.’ Private Equity’s Deal Lament
31Dec By adminNo Comments
Money

‘This Can’t Go On for Much Longer.’ Private Equity’s Deal Lament

Private-equity firms usually drive dealmaking on Wall Street. In 2023, they sat it out.High interest rates put many new deals out of reach. Shaky market conditions made it hard for firms to cash out of current investments. And some of their investors have been pulling back. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Minimum Wages Are Going Up. Low-Paid Workers Probably Won’t Notice.
31Dec By adminNo Comments
World

Minimum Wages Are Going Up. Low-Paid Workers Probably Won’t Notice.

Low-paid workers might not notice that 22 states are increasing the minimum wage to start the year. The reason: Robust raises in recent years have rendered pay floors largely irrelevant, even in states that aggressively lifted them.At the turn of each year, many states lift the minimum wage to adjust for the cost of living or to meet requirements in the law. Before the pandemic, that often meant a welcomed raise for low-wage workers, but labor shortages in recent years caused paychecks for many cooks, housekeepers and grocery clerks to rise faster than required by states. Meanwhile, the $7.25 an hour federal minimum wage, followed in 20 states, has been unchanged since 2009.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Volkswagen’s Elusive Quest to Make an EV for the Masses
31Dec By adminNo Comments
World

Volkswagen’s Elusive Quest to Make an EV for the Masses

Updated Dec. 31, 2023 12:19 am ETBERLIN—Almost a decade ago, Volkswagen set out on an expensive quest to dominate the new world of software-defined cars and build the electric “people’s car.” It is still trying. The German automaker has invested billions of euros, retooled entire plants and created new software and battery companies to assist in making the transition. However, VW has yet to produce an EV that has matched the success of its historic gas-powered models such as the Beetle and the Golf in its core markets. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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How IKEA Downsized to Go Downtown
31Dec By adminNo Comments
World

How IKEA Downsized to Go Downtown

Updated Dec. 31, 2023 12:20 am ETPARIS—There was no instruction manual when IKEA’s Paris team set to work building a new kind of city-center store.The Swedish furniture company’s ambition was to create a smaller version of its giant blue-and-yellow suburban stores for downtown consumers, to be replicated around the world. A quarter of the size of IKEA’s traditional outlets, the central Paris store—the first of this new type when it opened in 2019—would need to be radically different, they decided.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Investors Have Cut China’s Internet Giants Down to Size
31Dec By adminNo Comments
World

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Investors Have Cut China’s Internet Giants Down to Size
31Dec By adminNo Comments
Money

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Entrepreneur Who Bet His Company on a Fight With Apple
31Dec By adminNo Comments
World

The Entrepreneur Who Bet His Company on a Fight With Apple

Masimo Chief Executive Joe Kiani bet the future of the company he spent three decades building in an expensive legal battle with the world’s most valuable company. So far, he is winning, but it isn’t over.His company, which pioneered a better method for measuring blood-oxygen levels, has spent around $100 million fighting Apple in a dispute that temporarily halted Apple Watch sales. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Delta Throttles Back on Pilot Hiring
30Dec By adminNo Comments
World

Delta Throttles Back on Pilot Hiring

Delta Air Lines plans to hire roughly half as many pilots next year as it did in 2023, the latest sign that a more than two-year-long pilot hiring spree is starting to slow.Major carriers have been hiring pilots at a record clip as they raced to catch up with the rapid rebound in travel demand that followed the Covid-19 pandemic. They hired over 13,000 pilots last year and are on track to bring on nearly as many this year, according to FAPA.aero, a pilot career advisory firm.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why Max Decided to Lose ‘HBO’ in Its Name
30Dec By adminNo Comments
World

Why Max Decided to Lose ‘HBO’ in Its Name

Warner Bros. Discovery sliced “HBO” from the name of its “HBO Max” streaming service earlier this year, sacrificing a seminal television brand name to convince consumers that it offers more than HBO’s style of programming.But the company is navigating a difficult time in streaming, as a growing mountain of competitors scramble for subscription fees and ad revenue. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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