GM's Plans to Increase Truck Production Delayed by Parts Shortage

A shortage of parts from Mexico is hampering General Motors Co.'s plans to quickly ramp up production of high-profit pickup trucks, according to a union official and other people familiar with the matter, underscoring the auto industry's halting restart after a two-month shutdown from the pandemic. 


 
Alibaba's Revenue Climbs 22%, Profit Sinks

Alibaba's fourth-quarter profit fell 88% from the same period a year ago as the coronavirus outbreak disrupted the Chinese e-commerce giant's supply chains and hampered its ability to deliver packages. 


 
The Covid Surcharge: Companies Confront the Unforgiving Economics of Coronavirus

Facing higher costs to keep workers and customers safe and an indefinite period of suppressed demand, businesses are navigating an ever-narrower path to profitability. 


 
Store Brands Eye a Bigger Share of the Dinner Plate

Companies that make private-label products for supermarkets might get a boost as shoppers look for ways to cut their grocery bills. 


 
IBM Announces First Job Cuts Under New Chief Executive

An unspecified number of layoffs come as a major economic slowdown triggered by the coronavirus pandemic causes many customers to dial back investments. 


 
Businesses Try to Divine Hong Kong's Fate Under National-Security Law

Markets faltered and businesses braced for more instability as China set out plans for national-security laws to tighten its control over Hong Kong, piling stress on the global finance hub already battered economically by a year of violent demonstrations and the coronavirus pandemic. 


 
HBO Max Is Hollywood's Newest Streaming Upstart. Can It Become a Star?

The new entertainment service from WarnerMedia will have to overcome a global pandemic, entrenched rivals and the absence of a highly anticipated 'Friends' reunion 


 
French Finance Minister Warns on Future of Renault

France's Finance Minister Bruno Le Maire said that Renault "could disappear" without a clear-cut strategy to weather the economic crisis caused by the coronavirus pandemic. 


 
Burberry Slashes Dividend as Sales Slide

Burberry said its sales fell 27% in the final quarter of fiscal 2020 and it slashed its dividend to 11.3 pence "to protect its future cash position." 


 
Vodafone Names Heineken CEO as Chairman

Vodafone has designated Heineken's Chief Executive Jean-Francois van Boxmeer as its next chairman, replacing Gerard Kleisterlee who plans to retire in November after nine years in the role.