US Business

The oil giant had a dramatic turnaround in 2021, as fossil fuel demand recovered from pandemic-induced lows.

The heavy-equipment maker’s quarterly revenue rose 23%, but supply-chain challenges meant it fell further behind on orders.

Apple’s latest record holiday quarter came in part because of excitement for the iPhone 13 in China, where homegrown Huawei has seen a decline in its market share following U.S. sanctions.

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.

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.

The deal for its 50% ownership of the joint venture would bring the company at least $2.25 billion.

As the global supply chain continues to struggle, shortages are causing suppliers to raise prices, says Chief Executive Dirk Van de Put.

Apple posted record quarterly results even as supply shortages hindered sales, and Chief Executive Tim Cook said those constraints are improving.

SiriusXM revived Neil Young’s radio channel after Spotify refused to cut Joe Rogan’s lucrative podcast, and other streamers promoted the folk-rocker.

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.