US Business
Luckin Coffee, Waylaid by Fraud, Tries to Perk Back Up
Nearly two years after the Chinese coffee chain stunned global investors by admitting it had fabricated sales, the company is attempting to turn over a new leaf.
Month: January 2022
US Business
SoftBank Operating Chief to Leave as Stock Hits a Rough Patch
SoftBank said Chief Operating Officer Marcelo Claure, who helped clean up problems at the firm’s investments including WeWork and Sprint, is leaving the company.
US Business
Biogen to Sell Biosimilar-Venture Stake to Partner Samsung Biologics
The deal for its 50% ownership of the joint venture would bring the company at least $2.25 billion.
US Business
Mondelez Mulls More Price Hikes for Snacks as Inflation Eats Into Profits
As the global supply chain continues to struggle, shortages are causing suppliers to raise prices, says Chief Executive Dirk Van de Put.
US Business
Apple Posts Record Quarterly Results Despite Parts Shortages
Apple posted record quarterly results even as supply shortages hindered sales, and Chief Executive Tim Cook said those constraints are improving.
US Business
Neil Young’s Radio Channel on SiriusXM Is Revived After Spotify Removal
SiriusXM revived Neil Young’s radio channel after Spotify refused to cut Joe Rogan’s lucrative podcast, and other streamers promoted the folk-rocker.
Events
Registration Now Open for Freeman March O’ the Kidney Walk
JOPLIN, Mo. – March O’ the Kidney is moving back indoors to Northpark Mall this year, after being held outside during the pandemic in 2021. Mark your calendar for the walk, which will be held […]
US Business
Samsung’s Fourth-Quarter Revenue Is Best Ever
The South Korean company’s strong performance capped off a year in which it surpassed Intel to become the world’s No. 1 chip maker.
US Business
Facebook’s Cryptocurrency Venture to Wind Down, Sell Assets
The Diem Association, formerly known as Libra, is selling its technology to crypto-focused bank Silvergate Capital for $200 million.
US Business
Elon Musk Says Tesla Will Prioritize Deliveries Over New Vehicles in 2022
The electric-vehicle maker reported record earnings but hasn’t been immune to supply-chain problems.