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Financial Performance
Citizens Financial Unit Investigated for Sales of Savings Product Controlled by Troubled Financier Greg Lindberg
WSJ News Exclusive Finance Massachusetts securities regulators confirm they are examining sales of annuities offered by Colorado Bankers Life Insurance Source link
Deutsche Bank Selloff Focuses Attention on Credit-Default Swap Market
Markets Finance The cost of insuring the German bank’s debt against default surged last week Source link
GameStop Decides It Likes Stores After All
Ryan Cohen took control of GameStop Corp. in 2021 vowing to transform the faltering videogame retailer into an e-commerce juggernaut. Meme-stock investors loved the idea.
As Rates Rose, Banks Did a Balance-Sheet Switcheroo
Lenders pledged to hold on to money-losing bonds until maturity, allowing them to avoid reporting losses. Source link
For Alibaba, Six Is Bigger Than One—And a Smaller Target
There are good reasons to think that a split-up Alibaba would be more valuable. In this case, politics and profits are pointing in the same
Adidas and Beyoncé to Part Ways After Ivy Park Sales Struggles
Business Music star’s clothing brand had weaker-than-expected sales since deal with German sportswear giant Source link
New Shell CEO Faces Big Dilemma: Should the Company Pump More Oil?
HOUSTON—Wael Sawan knows he is about to make some people very unhappy. The new chief executive of Shell PLC is in the midst of crafting
Carnival Forecasts Another Loss This Year as Cruise Costs Rise
Business Earnings Projected loss comes as Royal Caribbean, Norwegian Cruise expect to post profits this year Source link
Lyft Hires New CEO as Founders Step Back
David Risher, board member since 2021, will succeed co-founder Logan Green, as Lyft faces tough competition from Uber and a battered stock price. Source link
Carnival's Ship Will Come In Eventually
The leading cruise line’s recovery is delayed amid a mountain of debt, but it has a path to profitability. Source link