Costco to Lift Membership Fees for First Time in Seven Years
The annual fee will rise to $65 from $60, with the increase effective Sept. 1.
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FTC to Sue Drug Managers Over Insulin Prices
Preparations to sue follow a two-year probe into whether the firms steer patients away from less-expensive medicines.
Shein to Address Fashion Industry Waste Ahead of Potential Listing
Online fast-fashion giant Shein will invest about $270 million in the U.K. and Europe over the next five years to address industry waste as it prepares for a potential London listing.
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Volkswagen Cuts 2024 Sales Margin Forecast on Possible Audi EV-Plant Closure in Brussels
The German car manufacturer trimmed its guidance for 2024 operating return on sales due to the potential Brussels closure and other unplanned expenses.
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Honeywell Strikes $1.8 Billion Deal for Liquefied Natural Gas Business
Honeywell will buy the Air Products unit in its fourth acquisition in recent months as natural-gas demand grows.
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CNN to Cut About 100 Jobs, Launch Its First CNN.com Subscription Product
CEO Mark Thompson said it was “a logical possibility” that CNN might pursue a subscription bundle similar to what the New York Times offers.
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