Coach Owner Near Deal to Take Over Parent of Michael Kors, Versace
The deal would be one of the biggest fashion tie-ups in recent years.
Disney Gets Iger’s Second Show on the Road
The entertainment giant used an eventful quarterly report to announce a boost to some of its streaming prices.
Disney to Significantly Raise Prices of Disney+, Hulu Streaming Services
The entertainment giant’s is raising the cost of the ad-free versions of Disney+ and Hulu by more than 20% each.
Siemens Turns a Profit, Backs Revenue Growth Views
Siemens backed its fiscal-year guidance for revenue and EPS but lowered its outlook for digital industries, after it reported a 10% growth in revenue to EUR18.9 billion in the third quarter, just shy of views.
Novo Nordisk Raises Guidance on Surging Demand
Novo Nordisk now expects 2023 sales growth of 27%-33% and operating profit growth of 31%-37%, as demand for its Ozempic diabetes drug and Wegovy obesity treatment continued to rise.
WeWork Taps Directors With Bankruptcy Chops After Board Resignations
WeWork reshuffled its board after the resignation of three directors who disagreed with its governance and strategy, replacing them with corporate bankruptcy experts as it cast doubt on its ability to survive turmoil in the office-building market.
Special Counsel Got Search Warrant for Trump Twitter Account, Court Reveals
The social-media firm, now known as X, was held in contempt for resisting the warrant and fined $350,000.
Meta, Alphabet and Other Tech Firms Face New Data Rules in India
India’s Parliament passed a data-protection bill years in the making that the government says is needed to regulate big tech firms and protect citizens.
Teamsters, Yellow Step Up Accusations on Trucker’s Collapse
The failure of a carrier with 22,000 Teamsters members comes as the union is seeking to organize at Amazon and other operators.
Roblox Shares Drop as Videogame Platform’s Costs Rise
The results disappointed investors as spending continued to exceed sales growth.
Source: Dow Jones Newswires