Lots of Hiring, but Not So Much Working
Companies are resisting layoffs even as economic weakness looms. Source link
Corporate/Industrial News
Why Duolingo Has Replaced Many TV Ads With Free TikTok Posts
Journal Reports: LeadershipInfluencers Don’t Have to Be Human to Be BelievableBy Lisa WardJune 17, 2023 at 9:30 AM ETVirtual social-media...
Farmers Worry $8.2 Billion Agriculture Deal Will Diminish Competition
Consumer advocates are saying that Bunge’s $8.2 billion agreement to buy Viterra could drive up prices, while Bunge says the...
Global Tax Mess Awaits U.S. Companies, and Congress Isn’t Helping
The consequences of an international minimum-tax agreement are about to be felt. Source link
Mark Zuckerberg Was Early in AI. Now Meta Is Trying to Catch Up.
The CEO considers artificial intelligence critical to long-term growth and is taking more control over efforts. Many Meta AI researchers...
These Pandemic-Era Habits Just Won’t Die
From how we shop and work to how we connect with others, the pandemic greatly accelerated our adoption of some...
Biden Team Takes Aim at TikTok With Commerce Department Move
The administration likely would need legislation from Congress to further strengthen its position against foreign-based apps that could threaten the...
Teamsters Vote to Authorize UPS Strike as Contract Talks Continue
United Parcel Service workers represented by the International Brotherhood of Teamsters voted to authorize a strike if contract negotiations fail...
Disney Finance Chief Clashed With Top Executives Before Stepping Down
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Stitch Fix Taps Former Macy’s, Walmart Exec as CEO
Matt Baer will lead the fashion company as it cuts costs, alters operations. Source link
Shell Launches New Strategy Courting Investors, Not Activists
The energy major said it would share billions more from its record profits with investors while deepening its commitment to...
The ‘Taxi Prince’ Is Taking on Uber—and Winning
Uber has been outmaneuvered in one of the world’s largest taxi markets by the man known as Japan’s taxi prince....
Bud Light Loses Title as Top-Selling U.S. Beer
Modelo Especial overtook the brand as the top-selling U.S. beer in May, punctuating a monthslong boycott of Bud Light that...
What’s Killing Productivity? Some Think It’s the Banks
June 13, 2023 12:00 am ETLONDON—The birthplace of the industrial revolution is in dire need of innovation. Standing in the...
After Illumina CEO’s Fall, Other Executives Are Expected to Take Hard Look at Deals
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FTC Plans to Seek a Restraining Order to Stop Microsoft From Closing Activision Deal
A judge would need to agree to issue the time-limited order; there is no guarantee when or if the agency...
Nasdaq to Acquire Financial-Software Firm Adenza for $10.5 Billion
Nasdaq has agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock...
Hotel Owners Start to Write Off San Francisco as Business Nosedives
June 12, 2023 12:01 am ETSan Francisco’s once thriving hotel market is suffering its worst stretch in at least 15...
WSJ News Exclusive | Glencore Approaches Teck Over Its Coal Business
The commodities giant is willing to buy Teck’s unit as an alternative to a full merger. Source link
Illumina CEO Francis deSouza Resigns Amid Regulatory Hurdles, Proxy Fight
Activist investor Carl Icahn has signaled he wants former CEO Jay Flatley to return to gene-sequencing test maker. Source link
