US Business

Restaurant chains outperforming their competitors seem to have one thing in common: keeping prices down.

As succession drama grips corners of the luxury world, Puig’s decision to ban its next generation from working there is getting a favorable view ahead of its initial public offering.

The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump. 

Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.

The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power generation business.

Norfolk Southern’s CEO has been endorsed by top proxy firm Institutional Shareholder Services as the railroad’s leadership works to fend off a proxy fight from investors led by Ancora Holdings.

The burger chain reported slower-than-expected same-store sales growth for the first quarter.

Lufthansa said it expects an improvement in its second-half operating result, with capacity seen at more than 95% of prepandemic levels in the third quarter, but cautioned that unit revenue will fall in the next three months.

Stellantis backed its full-year guidance despite revenue falling in the first quarter on lower sales volumes and as it prepared to launch new models.

Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.