National business

 Norwegian Cruise Line Holdings Ltd. plunged after its improved profit outlook disappointed investors’ high expectations amid an industry boom that’s caused record demand for sailings.

Laxman Narasimhan’s honeymoon phase is over. The chief executive officer of Starbucks Corp., who officially took over the coffee behemoth just over a year ago, on Tuesday cut annual guidance for a third straight quarter after the company’s worst performance since the pandemic. Each of Starbucks’ geographic segments posted a decline, including the all-important China, where comparable sales fell 11%.

Paramount Global's sale talks with David Ellison's Skydance Media face a milestone later this week, but the battered Redstone family-controlled media company has been scrambling to meet another deadline — one that also carries huge implications.

U.S. consumer confidence fell in April to the lowest since mid-2022 as Americans’ views of the labor market and their outlook for the economy deteriorated. 

Southwest Airlines has launched a new compensation fund for inconvenienced fliers, offering $75 vouchers to passengers whose flights are significantly delayed or canceled for a reason within the airline’s control.

In 2000, just three years after acquiring St. Louis defense contractor McDonnell Douglas, Boeing announced plans to spin off its local fabrication business — and about 1,500 jobs — to a British company called GKN PLC.

Dutch conglomerate Philips has reached a $1.1 billion deal to resolve claims in the United States tied to more than 1 million recalled breathing machines.

Boeing Co. raised $10 billion from a bond sale on Monday that attracted about $77 billion of orders and allowed the planemaker to ease some of its financial strains by refinancing part of its massive debt load.

Paramount Global replaced Chief Executive Officer Bob Bakish, appointing a management committee as the board negotiates a possible change in control of the company.

Top Amazon.com Inc. executives including founder Jeff Bezos and Chief Executive Officer Andy Jassy destroyed text messages discussing business, the Federal Trade Commission alleged, erasing evidence the agency could have used in its antitrust case against the retail giant.

US consumer sentiment fell in April on dimmer views of personal finances and the economy as inflation expectations climbed.

The first commercial hydrogen fuel station for big-rig trucks in the U.S. is up and running at the Port of Oakland, a baby step toward what hydrogen proponents see as a clean new future for long-haul trucking.

Detergent and deodorant, toothpaste, the entire shampoo aisle. "It's all locked up," Corey Potter sighed, describing shelves encased behind security glass at a Target near her home in Los Angeles' Echo Park neighborhood. "I hate it."  

Several of the biggest American solar manufacturing companies are demanding aggressive action against cheap imports, arguing in a petition filed Wednesday with the Commerce Department that firms in four Asian countries are illegally flooding the U.S. market with Chinese-subsidized panels.

American Airlines Group Inc. expects a return to profit heading into the busy summer travel season after bad weather and delays linked to air traffic congestion weighed on the carrier’s early-year results.