MICHELLE CHAPMAN AP Business Writer - Page 1

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GM quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in May

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The company expects the impact from the Trump administration's tariffs to take a bigger toll in the third quarter. DETROIT — General Motors’ profit...

A popular shoe store chain is being bought for $2.4 billion

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The buyout comes as the retail industry has been growing increasingly concerned over Trump’s trade war with other countries, particularly China. WASHINGTON — Dick’s...

UPS to cut 20,000 jobs, close some facilities as it reduces amount of Amazon shipments it handles

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UPS said that it is still reviewing its network and may identify more buildings to be shuttered. WASHINGTON — UPS is looking to slash about...

Disney in search of perhaps its greatest sequel — a successor to Bob Iger

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Only two years after stepping down as CEO, Iger returned to Disney in 2022 after a period of clashes and missteps under his hand-picked successor,...

A popular clothing store has filed for bankruptcy for a second time

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Forever 21 stores in the U.S. will hold liquidation sales and the website will continue to run while operations wind down. WASHINGTON — Forever...

After acquisition by JetBlue falls through, Spirit faces second merger bid from Frontier

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Bigger U.S. airlines have in recent years snagged some of Spirit’s budget-conscious customers by offering their own brand of bare-bones tickets. WASHINGTON — Frontier...

WWE is seeking a bigger stage and Netflix, pushing for more live events, is providing it

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For Netflix, onboarding the WWE is part of a strategic move to air more live events on the heels of a hugely successful fight between...

Intel CEO Pat Gelsinger retires, steps down from company’s board

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Two company executives, David Zinsner and Michelle Johnston Holthaus, will act as interim co-CEOs while the company searches for a replacement for Gelsinger. Intel...

DirecTV to buy Dish Network, Sling TV for $1, plus the assumption of debt

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The prospect of a DirecTV-Dish combo has long been rumored, with headlines about reported talks popping up over the years. WASHINGTON — DirecTV is...

A popular gas station chain is being bought for $17.1 billion

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The past few years have been especially profitable for oil, spurring a number of acquisitions by energy companies flush with cash. WASHINGTON —...
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