Warner Music Names YouTube Business Chief Robert Kyncl Next CEO

Warner Music Names YouTube Business Chief Robert Kyncl Next CEO

Warner Music Group Corp. WMG -1.17% named departing YouTube business chief Robert Kyncl as its next chief executive, betting on a tech veteran as the industry expands into social media, gaming and the metaverse. Mr. Kyncl will succeed Steve Cooper, who said he would be stepping down in 2023 after 11 years on the job … Read more

Ford Warns Parts Shortages, Higher Supplier Costs Are Expected to Affect Earnings

Ford Warns Parts Shortages, Higher Supplier Costs Are Expected to Affect Earnings

Ford Motor Co. on Monday warned third-quarter earnings would be affected by about $1 billion in higher-than-anticipated supplier costs and parts shortages that have led to unfinished vehicles it couldn’t sell during the period. The Dearborn, Mich., auto maker reaffirmed its year-end guidance for 2022, projecting adjusted operating results for the third quarter would fall … Read more

Why Adobe Wants Figma and Why Some Investors Are Worried

Why Adobe Wants Figma and Why Some Investors Are Worried

Adobe Inc., the low-key maker of digital tools to create PDFs and edit photos, pleased investors by reinventing itself as a subscription-software business. Its latest effort to keep pace with the times isn’t landing so well. Adobe this past week unveiled its largest-ever acquisition, agreeing to buy Figma, a little-known software startup that specializes in … Read more

Private Drillers Are Hitting Their Limits

Private Drillers Are Hitting Their Limits

Dozens of small drillers helped fuel a resurgence in the busiest U.S. oil patch over the past two years. But they tapped many of their best drilling spots, and will have to ease their rapid pace of drilling as their inventory shrinks, analysts and executives say. Private oil companies in the Permian Basin of West … Read more

Bed Bath & Beyond Names Interim CFO After Death of Gustavo Arnal

Bed Bath & Beyond Names Interim CFO After Death of Gustavo Arnal

Struggling home-goods retailer Bed Bath & Beyond Inc. on Tuesday named an interim executive to lead its finances, a move aimed at reassuring investors after the death of Chief Financial Officer Gustavo Arnal. Union, N.J.-based Bed Bath & Beyond said Laura Crossen would take over on an acting basis, effective Sept. 5, following the death … Read more

Oil Royalty and Mineral Companies Sitio and Brigham to Merge in $4 Billion Tie-Up

Oil Royalty and Mineral Companies Sitio and Brigham to Merge in  Billion Tie-Up

Sitio Royalties Corp. and Brigham Minerals Inc. have reached a deal to merge to form one of the largest publicly traded mineral and royalty companies in the U.S., worth about $4 billion, the companies announced Tuesday. Sitio and Brigham, like the rest of the industry, both have had increasing profits in the past few months … Read more

Inflation Tests Tide Maker’s Laundry-Detergent Dominance

Inflation Tests Tide Maker’s Laundry-Detergent Dominance

Procter & Gamble Co. PG -1.78% is testing the bounds of what consumers are willing to pay for high-end household products. For decades, P&G has dominated laundry aisles with detergents that often cost more than twice that of rival brands. It has raised prices in recent years on products like Tide with little resistance from … Read more

Music Festivals Hit Harder Times in Crowded Concert Market

Music Festivals Hit Harder Times in Crowded Concert Market

Travis Scott was scheduled to perform Labor Day weekend at Day N Vegas, a premier hip-hop event—and the rapper’s first appearance since the Astroworld festival tragedy last year. But in July, promoter Goldenvoice pulled the plug, citing logistics, timing and production issues. More specifically, people familiar with the matter said, having to move the event … Read more

From Cleaners to Coffee, the Executive Taking Over Starbucks

From Cleaners to Coffee, the Executive Taking Over Starbucks

LONDON—Incoming Starbucks Corp. SBUX -2.88% boss Laxman Narasimhan is returning to the U.S. after a three-year stint in Britain leading one of the world’s best-known consumer-product companies, Lysol maker Reckitt Benckiser Group RBGLY -0.27% PLC. When Mr. Narasimhan took over the Slough, England-based company in 2019, it was suffering from high turnover among senior executives, … Read more

Starbucks Names Laxman Narasimhan New CEO

Starbucks Names Laxman Narasimhan New CEO

Mr. Narasimhan, 55 years old, on Thursday announced he would step down from Reckitt Benckiser Group PLC on Sept. 30. Mr. Narasimhan for the past three years has served as chief executive of U.K.-based Reckitt, maker of Lysol and Enfamil baby formula, and The Wall Street Journal reported that he was in final negotiations to … Read more