Tag Archives: Wall Street Journal

Chevron Temporarily Suspending Operations in Iraqi Kurdistan

Iraq’s backlash against Kurdish independence is reordering the region’s booming energy business, forcing Chevron Corp. to suspend operations in Iraqi Kurdistan, opening potential opportunities for BP PLC and unsettling Russian companies’ bet on the Kurds. Chevron said Thursday that it was temporarily halting drilling in the region. The decision was taken because of fighting in Read More…

Unilever, Nestlé Test Investor Patience With Slower Sales

Two of the world’s biggest consumer goods companies—both caught in investors’ crosshairs—reported another round of weak sales, ratcheting up pressure to accelerate promised turnarounds. Unilever PLC missed analysts’ sales forecasts by a wide margin, Thursday, reporting growth in the third quarter of 2.6% compared with a year earlier. Analysts had expected the maker of Dove Read More…

WeWork: A $20 Billion Startup Fueled by Silicon Valley Pixie Dust

When Adam Neumann pitches potential investors on his startup, WeWork Cos., he likes to rev them up with a jaunt through his company’s shared office spaces. Before arriving, the 38-year-old chief executive typically sends staffers a directive: “Activate the space.” WeWork’s employees swarm a lounge to host an impromptu party with pizza, ice cream or Read More…

Stitch Fix, in IPO Filing, Reveals Annual Sales of Nearly $1 Billion

Apparel retailer Stitch Fix, which sends customers boxes of preselected outfits, has filed for an initial public offering and revealed just how quickly its business has grown at a time when traditional clothing chains are struggling. The documents offer a glimpse into the six-year-old startup’s rapid growth. Revenue surged to $977 million in the year Read More…

GM Reaches $120 Million Ignition-Switch Settlement

General Motors Co. has agreed to pay $120 million to settle a state attorneys general probe of its mishandling of an ignition-switch defect, the latest financial hit to the Detroit auto giant over a safety crisis linked to numerous deaths and injuries. GM’s agreement, disclosed Thursday, settles consumer-protection investigations with 49 states and Washington, D.C., Read More…