Walgreens Chief Executive Rosalind Brewer Steps Down
Rosalind Brewer has stepped down less than three years after taking the helm of the pharmacy operator. Source link
Corporate/Industrial News
WSJ News Exclusive | Saudi Arabia’s Aramco Considers Selling $50 Billion in Shares
The offering, likely on the Riyadh exchange, would be the largest in the history of capital markets. Similar previous plans...
CNN Taps Former New York Times Chief Mark Thompson to Lead Struggling Network
Mark Thompson, whose appointment as CEO will be effective Oct. 9, comes as parent Warner Bros. Discovery looks to bring...
3M Just Agreed to a $6 Billion Settlement. More Lawsuits Await.
Manufacturer faces lawsuits over forever chemicals filed by personal injury lawyers, state attorneys general. Source link
A Private Phone. Secret Recordings. Inside One CEO’s Relationship With a TV Anchor.
Under Armour’s Kevin Plank shared nonpublic financial details with Stephanie Ruhle, and she gave advice on how to address negative...
American Airlines Fined $4.1 Million for Keeping Fliers on Planes Too Long
The U.S. penalty is the largest ever for tarmac delays, which the airline attributed to “exceptional weather events.” Source link
U.K. Flights Disrupted by Air-Traffic-Control Glitch
The U.K. restricted the number of flights into its airspace for several hours after a technical issue disrupted its air-traffic-control...
OpenAI Launches Business Version of ChatGPT That Competes With Microsoft
The new product puts the startup in direct competition with Microsoft, its largest backer and partner. Source link
Utilities Face a Growing Dilemma: Shut Off Power or Risk Wildfires
As wildfire risk spreads from Oregon to Hawaii, utilities weigh whether to leave customers in the dark when winds pick...
This Company Is Nvidia’s AI Chip Partner—and Its Stock Is Soaring
SK Hynix has long been a major player in the boom-and-bust world of memory chips, but it hasn’t historically been...
Please Support This Ice Maker: Big Manufacturers Try Crowdfunding to Market-Test Products
GE Appliances and others seek customer feedback and payment in advance to help validate a concept. Source link
FTC Pauses Challenge to Amgen’s $27.8 Billion Deal for Horizon Therapeutics
The move gives the agency time to weigh a settlement that would allow the deal to close with conditions. Source...
Dating Apps Put a Hefty Price Tag on Finding Love
Tinder, Bumble and others are introducing higher-priced tiers, betting users will pay up. Source link
Everyone Wants to Talk to Gina Raimondo–Even China
The Commerce Department head tests her expanded reach this weekend. Source link
This Company Created a Return-to-Office Plan That Employees Actually Like
J.M. Smucker is ordering workers to be at its Ohio headquarters for 22 ‘core’ weeks. It is a strategy that...
A Startup in the New Jersey Suburbs Is Battling the Giants of Silicon Valley
It’s not just Nvidia. There is another big winner of the AI boom—and it’s now competing with some of the...
Wagers on the Weather? Insurers Offer a Way for Businesses to Hedge Climate Risks
Parametric insurance, which lets businesses tie their policies directly to weather conditions such as wind speed and flood depth, has...
Teamsters Ratify New Five-Year Labor Contract With UPS
The deal reached last month averted a potentially damaging strike for U.S. supply chains. Source link
Dick’s Sporting Goods, Macy’s Flash Warning Signs on U.S. Consumer Spending
The retailers’ shares traded sharply lower after they posted weaker quarterly earnings and gave tepid forecasts for the rest of...
Deal to Double China Flights Signals U.S. Airlines’ Stronger Hand
Both sides stay civil even as the Biden administration’s go-slow policy frustrates Beijing’s hopes of a faster aviation-market reopening. Source...
