As part of a restructuring effort by CEO Wael Sawan to increase the energy giant's profits, Shell is dividing up its renewables and low-carbon division.   The adjustments come as Sawan, who assumed office at the beginning of the year, has hinted recently that Shell is thinking about doing...

Virgin Orbit Holdingso, a manufacturer of rockets, announced it was laying off around 85% of its workforce because it was unable to secure additional funding.   In after-hours trading, the company's shares, which are owned by Richard Branson's Virgin Group, dropped 38%.   According to...

The British clothing retailer Next announced on Wednesday that its annual earnings had increased by a better-than-anticipated 5.7% and that it would not need to raise prices as much as initially anticipated.   But, the retailer's shares were down 6% in morning trading after it maintained its...

After posting an 11-fold gain in fourth-quarter earnings, Chinese electric vehicle (EV) manufacturer BYD claimed on Wednesday that it was big enough to weather the effects of a brutal price war and waning Chinese demand.   A growing product lineup that is assisting it in surpassing...

With the launch of its "buy now, pay later" (BNPL) service in the US, Apple Inc. has the potential to upend the fintech industry, which is currently dominated by companies like Affirm Holdings and the Swedish payments company Klarna.   According to the firm, Apple Pay Later will let...

After urging the USPTO to deny a Black Lives Matter application for a trademark with three parallel stripes on Tuesday, sportswear manufacturer Adidas AG changed its mind on Wednesday.   "Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation's trademark...

According to a statement addressed to staff and reviewed by the media, Walt Disney Co started 7,000 layoffs planned earlier this year as it strives to minimize expenses and build a more "streamlined" operation.   According to a person familiar with the situation, several main...

Only verified accounts will appear in Twitter's recommendation feed, according to Elon Musk, as the billionaire continues to shake up the social media platform.   Twitter's "For You" page displays tweets from people they don't follow but are recommended by the social media company's...

Large portions of Silicon Valley Bank's deposits and loans found buyers on Monday, which helped stabilize the shaky markets that had been shaken by concerns about a credit crunch and systemic bank stress.   The Federal Deposit Insurance Corp. received equity appreciation rights in First...

According to its parent firm ADEO, French home improvement retailer Leroy Merlin, which employs 45,000 people in Russia, plans to transfer ownership of its business operations there to local management.   The Mulliez family, which also owns the French grocery retailer Auchan and the...

As the market panicked over the viability of the European banking system, shares of Deutsche Bank fell Friday and the cost of insurance against its default rose.   Many analysts, however, were baffled as to why the bank, which has reported a profit for 10 straight quarters and has excellent...