Buffalo Wild Wings CEO to retire as activist Marcato wins board seats Buffalo Wild Wings Inc (BWLD.O) Chief Executive Officer Sally Smith said she will retire by the end of the year after an activist hedge fund won a bitter proxy contest that put three of its directors on the […]
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Business
Wal-Mart reassures employees as it touts tech investments Wal-Mart Stores Inc (WMT.N) executives on Friday reassured workers they remained integral to the company's success as they highlighted investments in online sales and other technology to compete with rivals like Amazon.com Inc (AMZN.O). Wal-Mart is successfully using e-commerce to boost sales […]
Toyota sells all shares in Tesla as their tie-up ends Toyota Motor Corp (7203.T) said on Saturday it had sold all shares in Tesla Inc (TSLA.O) by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop electric vehicles. Japan's biggest automaker had bought […]
U.S. job growth slows unemployment rate drops to 4.3 percent U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3 percent. Nonfarm […]
Big U.S. companies stay on White House panel despite climate jolt Several major U.S. companies, including Wal-Mart Stores Inc (WMT.N), JP Morgan Chase & Co (JPM.N) and IBM Corp (IBM.N), on Friday said their CEOs will remain in an influential presidential advisory group despite objecting to President Donald Trump's withdrawal […]
As large cap gets larger, can the tech rally continue? Technology shares have led U.S. stocks to record highs and are expected to continue to rise, but as market value becomes concentrated in the largest companies, some are beginning to look for the next rally leader. The technology sector of […]
How PPG lost its $29.5 billion bet on Dulux paint In early March, U.S. paint maker PPG (PPG.N)'s Chief Executive Michael McGarry flew from Pittsburgh to Amsterdam to take Akzo Nobel (AKZO.AS) boss Ton Buechner for lunch. There, the 59-year-old American ambushed Buechner with a takeover plan and price tag […]
Pennsylvania pipeline fight could upend international oil flows Refiners from the Midwest United States are fighting for access to a vital Pennsylvania pipeline – a move that could cripple their East Coast competitors and redraw the map for international flows of crude and fuel into coveted coastal markets. The regulatory […]
Investors expect to meet with Exxon on climate-impact report Exxon Mobil Corp (XOM.N) investors will push to meet with oil company officials this summer to hash out elements of a climate-impact analysis following a shareholder vote calling for studies of technology and climate-related risks to its business. Exxon has said […]
Strong U.S. job growth expected in May, wage rise seen moderate U.S. job growth likely remained strong in May, a further sign of an acceleration in economic activity that would effectively seal the case for an interest rate increase this month despite sluggish wage gains. Nonfarm payrolls probably increased by 185,000 […]
