Kelly Cloonan

Corporate Breaking News Reporter at The Wall Street Journal

corporate breaking news reporter @wsj, previously @businessinsider @fastcompany @medillschool

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Articles

RTX Unit Gets $646.5 Million U.S. Navy Pact Modification

1 day ago | tradingview.com | Kelly Cloonan

RTX Unit Gets $646.5 Million U.S. Navy Pact ModificationRTXRTX's missile and defense unit has been awarded a contract modification worth $646.5 million with the U.S. Navy. The modification allows RTX to exercise options for hardware production of its SPY-6 family of radars, the Defense Department said Friday.
Franchise Group Exits Chapter 11 Process

1 day ago | wsj.com | Kelly Cloonan

June 6, 2025 5:26 pm ET|WSJ ProFranchise Group said it has completed its financial restructuring under the chapter 11 bankruptcy process in the U.S.The company on Friday said it has simplified its portfolio of brands, winding down American Freight and selling the Vitamin Shoppe, to strengthen its core franchise-based businesses and focus on pet supplies. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Uber Technologies Sets Up $2 Billion Commercial Paper Program

1 day ago | tradingview.com | Kelly Cloonan

Uber Technologies Sets Up $2 Billion Commercial Paper ProgramUBERUber Technologies has established a commercial paper program for as much as $2 billion. Under the program, the rideshare company may issue short-term, unsecured commercial paper notes with maturities of up to 397 days, according to a filing with the Securities and Exchange Commission on Friday. The company said it intends to use the proceeds of the notes for general corporate purposes.
Lululemon Stock Slides After Sportswear Brand Cuts Profit Outlook

1 day ago | wsj.com | Kelly Cloonan

Lululemon expects its margins to come under pressure from proposed U.S. tariffs. (Cfoto/Zuma Press)Lululemon Athletica late Thursday cut its profit forecast and said it planned to raise prices, as tariffs threaten the clothes company's supply chain. The maker of yoga pants and other athletic wear said it now expects earnings of $14.58 to $14.78 a share for the fiscal year, down from its prior outlook of $14.95 to $15.15. Shares slid about 20% Friday.
Lululemon Athletica Cuts Profit Outlook as Tariffs Threaten to Raise Costs

2 days ago | wsj.com | Kelly Cloonan

The company expects its margins to come under pressure from proposed U.S. tariffs, which affect products from some of its largest sourcing bases including Vietnam, Cambodia and Sri Lanka. Lululemon plans to partially offset such impacts with modestly higher prices on a small share of products, Chief Financial Officer Meghan Frank said. “We are planning to take strategic price increases, looking item by item across our assortment,” Frank said during the company’s earnings call.
Calvin Klein Owner Cuts Profit Outlook, Citing Tariffs

2 days ago | wsj.com | Kelly Cloonan

A Calvin Klein store in Beijing. PVH gets most of its revenue from its Calvin Klein and Tommy Hilfiger brands. (Adek Berry/Agence France-Presse/Getty Images)PVH lowered its annual profit outlook, as it faces an estimated $65 million hit from tariffs. Current tariff rates pose a hit of about $1.05 per share, which the company plans to partially offset, the owner of Calvin Klein and Tommy Hilfiger said.
Boeing Agrees to Pay $1.1 Billion to Avoid Prosecution for 737 MAX Crashes

3 days ago | wsj.com | Kelly Cloonan

Boeing also admitted to conspiracy to obstruct Federal Aviation Administration operationsThe agreement with the Justice Department requires the company to put $455 million toward strengthening its compliance, safety and quality programs, according to a Securities and Exchange Commission filing on Wednesday. Boeing will also give $444.5 million to the families of crash victims under the agreement, which was tentatively reached last month. Copyright ©2025 Dow Jones & Company, Inc.
Boeing Agrees to Pay $1.1 Billion to Avoid Prosecution for 737 MAX Crashes

3 days ago | fnlondon.com | Kelly Cloonan

Boeing Agrees to Pay $1.1 Billion to Avoid Prosecution for 737 MAX CrashesBoeing also admitted to conspiracy to obstruct Federal Aviation Administration operations Published June 4, 2025 at 5:59 PM ET Boeing will pay $1.1 billion to avoid prosecution for two crashes of its 737 MAX jets.
Boeing Agrees to Pay $1.1 Billion to Avoid Prosecution For 737 MAX Crashes

3 days ago | tradingview.com | Kelly Cloonan

Boeing Agrees to Pay $1.1 Billion to Avoid Prosecution For 737 MAX CrashesBABoeing will pay $1.1 billion to avoid prosecution for two crashes of its 737 MAX jets. Under the terms of it agreement withThe agreement with the Justice Department requires the company to put $455 million toward strengthening its compliance, safety and quality programs, according to a Securities and Exchange Commission filing on Wednesday.
Amneal Pharmaceuticals Issues Recall Due to Microbial Contamination

3 days ago | tradingview.com | Kelly Cloonan

Amneal Pharmaceuticals Issues Recall Due to Microbial ContaminationAMRXAmneal Pharmaceuticals has recalled three lots of sulfamethoxazole and trimethoprim tablets that have black spots on their surface due to microbial contamination. The company said it has received no reports of adverse events, illnesses or injuries related to defective products.