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Category Archives: Uncategorized

CBS News names Wendy McMahon as new chief

CBS News said Wendy McMahon will take over as its new CEO and president.

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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.

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Four 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.

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Ford 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.”

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Kraft 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.

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Nikola 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.

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SEC 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.

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Major 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.

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Fox 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.

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Retailers 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.

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