It’s going to be a tough summer for semiconductor companies. This was suggested by Intel new CFO, who told an investor conference in early June that “circumstances at this point are much worse than we expected in the quarter.” And now memory chip maker Micron closed the month with a similar sentiment, telling analysts on …
Shares of Bare Eat Takeaway.com NV hit a record low on Wednesday after the head of its US division said a sale was not a definite result for the company’s Grubhub online food business, which Just Eat is reviewing. Grubhub CEO Adam DeWitt said at The Wall Street Journal Global Food Forum on Tuesday that …
Just Eat says Grubhub sales are still possible as stocks slide Read More »
Unilever PLC said it has sold its Ben & Jerry’s business in Israel to the local licensee, in an attempt to end a controversy that has plagued the company since last year, when the brand said it would stop selling its products in Jewish settlements located in the Israeli-occupied West Bank and disputed East Jerusalem. …
Unilever sells Ben & Jerry’s ice cream business in Israel Read More »
Sustained inflation is increasing pressure on restaurants and supermarket brands as they compete for increasingly price-conscious consumers, executives said. As prices rise on restaurant menus and grocery store shelves, some packaged food manufacturers are seeing more Americans making meals at home to save money, while restaurant operators are changing their offerings to cope with them. …
Grocery and restaurant managers see that inflation is changing consumer spending Read More »
Ford Motor Co. prepares new rules for how it sells electric vehicles, a shift that concerns some dealers and is seen as a challenge to the traditional franchise model. Leaders of the Detroit giant have been hinting at such changes for months, highlighting a future with less inventory on the dealership, more online transactions, pricing …
Ford’s talk of new EV sales rules rattles some dealers Read More »
WASHINGTON – A federal communications regulator has asked Apple Inc. and Google to remove Chinese-owned TikTok from their app stores, citing the security risks posed by the data collected by the short video site about US users. “Clearly, TikTok poses an unacceptable national security risk due to its extensive data collection, combined with Beijing’s seemingly …
The Securities and Exchange Commission introduced a rule in 2000 that gave insiders of listed companies more flexibility to trade the stock they hold in their own companies. Insiders, defined as directors, directors and major shareholders, could adopt a plan for the sale of shares in the future and be protected from accusations of illegal …
Method: How the journal analyzed data on insider stock sales Read More »
Swiss pharmaceutical giant Novartis said it plans to lay off as many as 8,000 jobs globally, including 1,400 in Switzerland, as part of a previously announced restructuring plan aimed at saving about $ 1 billion in costs. The cuts will affect 7.4% of Novartis’ jobs globally and 12% of its Swiss workers, the company said …
It is a rinse and repeat for Bed Bath & Beyond. Except this time it’s worse. The struggling negotiator announced Wednesday that Chief ExecutiveMark Tritton has left after a sad quarter. He was hired three years ago to turn around the troubled dealer.
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