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

Airbnb details Roadmap to lower cloud costs

Airbnb details Roadmap to lower cloud costs

Moving by Airbnb Inc. lowering its cloud storage costs in the run-up to its December 2020 IPO has made it better prepared for the possibility of an economic downturn, the home-sharing company said. Analysts say its efforts offer a template for other companies looking to get a handle on spending as more IT shifts to … Read more

China is gradually weighing zero-Covid exit, but proceeding cautiously with no timeline

China is gradually weighing zero-Covid exit, but proceeding cautiously with no timeline

SINGAPORE — Chinese leaders are considering steps toward reopening after nearly three years of tough pandemic restrictions, but they are proceeding slowly and have not set a timeline, according to people familiar with the discussions. Chinese officials have grown concerned about the cost of their zero-tolerance approach to quelling Covid-19 outbreaks, which have resulted in … Read more

Alibaba, Nio, Tencent and other Chinese stocks rise

Alibaba, Nio, Tencent and other Chinese stocks rise

Chinese stocks rose on Monday as investors remained optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course with “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trade, with Ali Baba (ticker: BABA) rises 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) climbing … 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

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … 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

Amazon halts hiring for corporate workforce

Amazon halts hiring for corporate workforce

Amazon.com Inc. AMZN -2.75% is halting hiring across the company’s workforce as the tech giant joins other companies in dealing with economic uncertainty. Beth Galetti, senior vice president of human experience and technology at Amazon, notified Amazon employees of the break in a letter Wednesday. “We expect to keep this pause in place for the … Read more