Kohl’s CEO Michelle Gass is stepping down to join Levi Strauss

Kohl’s CEO Michelle Gass is stepping down to join Levi Strauss

Kohl’s corp. KSS 10.88% CEO Michelle Gass is leaving the department store chain early next month to join Levi Strauss LEVI -2.05% & Co. with plans to have her take over as the jeans maker’s CEO. At Kohl’s, Ms. Gass has been under attack from activist investors because of falling sales and a steep decline … Read more

Walgreens unit close to about $9 billion deals in summit health

Walgreens unit close to about $9 billion deals in summit health

A unit of Walgreens Boots Alliance Inc. WBA 3.72% is nearing a deal to combine with a major owner of medical practices and urgent care centers in a transaction valued at about $9 billion including debt, according to people familiar with the matter, the latest in a series of acquisitions by large consumer-focused companies that … Read more

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

Some advertisers are concerned that Mr. Musk may scale back content moderation, which they worry will lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty in the company as top executives leave and Mr. Musk is considering a number of changes, some of the … Read more

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

Some advertisers are concerned that Mr. Musk may scale back content moderation, which they worry will lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty in the company as top executives leave and Mr. Musk is considering a number of changes, some of the … Read more

Instacart gives first company-wide cash bonus after IPO delay

Instacart gives first company-wide cash bonus after IPO delay

Instacart Inc. will pay out its first company-wide cash bonuses starting in December, people familiar with the matter said, as the grocery purveyor aims to motivate staff after delaying its initial public offering. The cash bonus is a shift in the company’s efforts to reward and retain employees. Instacart has historically given out stock rewards … Read more

Kroger-Albertsons Merger Draws Questions From Politicians, Workers

Kroger-Albertsons Merger Draws Questions From Politicians, Workers

Elected officials, independent grocers and union groups are expressing concerns and in some cases pushing back on the proposed deal between Kroger co. NOK -1.19% and Albertsons ACI 0.71% Cos. as antitrust officials are set to begin reviewing the supermarket megamerger. Kroger announced in October that it would acquire Albertsons, saying a deal would help … Read more

CVS Pays $5 Billion to Settle Opioid Lawsuits

CVS Pays $5 Billion to Settle Opioid Lawsuits

CVS health corp. CVS -0.08% has agreed to pay about $5 billion in a landmark settlement that the company says will resolve all remaining opioid crisis lawsuits filed by states, cities and other governments. The largest U.S. drugstore company is the first pharmacy chain to reach a settlement in the collection of lawsuits filed by … Read more

Victoria’s Secret buys underwear brand Adore Me for $400 million

Victoria’s Secret buys underwear brand Adore Me for $400 million

Victoria’s Secret VSCO -2.54% & Co. buys online lingerie retailer AdoreMe Inc. and adds a brand known for size inclusion and body positivity as the retailer tries to move away from a legacy built largely on sex appeal. Victoria’s Secret is paying $400 million in cash for Adore Me, a direct-to-consumer company that started about … Read more

GameStop stock soared, then fell all the way back, in the biggest price reversal since May. But why?

GameStop stock soared, then fell all the way back, in the biggest price reversal since May.  But why?

Something strange happened to GameStop Corp. GM, +0.50% Stock on Monday. Minutes after the opening bell rang on the New York Stock Exchange, both the price of the company’s shares and trading volume exploded. Then, about five minutes after the market opened, GameStop shares were suddenly halted by the NYSE, which cited the “Limit Up … Read more

The prices of new cars have started to cool after several years of soaring to new records

The prices of new cars have started to cool after several years of soaring to new records

After a multi-year rise in new car prices, buyers are starting to see some relief on dealer lots. Stock levels are gradually coming back, giving customers more options when browsing showrooms, and some discounts have crept back into the market, albeit in a limited way. The average price paid for a new vehicle hit a … Read more