CBS News said Wendy McMahon will take over as its new CEO and president.
Continue readingCategory Archives: Uncategorized
UBS to pay $1.4 billion over fraud in residential mortgage-backed securities
The Swiss bank’s settlement is the final case prosecutors brought over misconduct that led up to the global financial crisis.
Continue readingFour reasons why the consumer is so confusing — and what that may mean for retail earnings
As Home Depot, Target and Walmart report earnings, retailers and investors have had to weigh contradictory factors as they predict consumer spending patterns.
Continue readingFord hires Apple veteran to lead consumer software efforts
Peter Stern, who most recently served as vice president of services at Apple, will be president of “Ford Integrated Services.”
Continue readingKraft Heinz picks new CEO as sales slump in the face of higher prices
Current Kraft Heinz CEO Miguel Patricio will stay on as chair of the board after stepping down.
Continue readingNikola shares fall after EV maker recalls all of its battery-electric semitrucks following a fire
Nikola is recalling all 209 of its battery-electric semitrucks after a June fire was traced to a truck’s battery pack.
Continue readingSEC investigating Illumina over acquisition of cancer test developer Grail
Illumina’s acquisition of cancer test developer Grail has also faced heavy scrutiny from antitrust regulators in the U.S. and European Union.
Continue readingMajor retailers bring $14 billion in revenue to Black-owned brands
Companies like Nordstrom, Macy’s and Sephora have partnered with the Fifteen Percent Pledge to drive sales to Black-owned businesses.
Continue readingFox Chief Legal Officer Viet Dinh to step down months after Dominion settlement
The departure comes in the months following Fox and its cable networks’ $787.5 million settlement with Dominion Voting Systems to end the defamation lawsuit.
Continue readingRetailers are shaping a wave of laws to crack down on organized theft — here’s how they do it
Nine states have passed laws addressing organized retail crime and Congress is considering federal action. Experts say the new laws may not reduce crime.
Continue reading