Pharmacy Giant Walgreens Taps Tim Wentworth to Be CEO
The incoming chief executive faces a tough challenge, with a core business under pressure due to pharmacy-benefit managers such as his former employer Express Scripts.
Amazon Wants You to ‘Buy Again’
A new feature tested in the company’s app encourages repeat purchases in a bid for more revenue from existing customers.
Samsung Expects Third-Quarter Operating Profit to Fall 78% on Year
Samsung Electronics expects third-quarter operating profit to fall 78% from a year earlier as its flagship semiconductor business is still struggling to exit an industry downturn.
Sales Slow at Louis Vuitton’s Owner as China Sputters
LVMH Moët Hennessy Louis Vuitton, the world’s biggest luxury-goods company, struggled to lure big-spending Chinese consumers back to its boutiques after the end of China’s pandemic restrictions.
Birkenstock Prices IPO at $46 a Share
German shoemaker provides first big test of new-issue market since a trio of marquee offerings last month.
IMAX China Falls After Buyout Is Voted Down
IMAX China Holding shares were volatile after shareholders rejected a $124 million buyout proposal, ensuring shares will remain listed in Hong Kong.
HP Stock Rallies on Solid Profit Forecast, Dividend Hike
The personal computer and printer company laid out both a long-term growth forecast and fiscal 2024 estimates that met or beat Street estimates.
Canadian Auto Workers Reach Tentative Deal With GM
The agreement includes pay raises of as much as 25% and ends a strike that lasted 13 hours at three plants.
Caroline Ellison Says Bankman-Fried Steered FTX Deception
The former deputy-and sometime girlfriend-of Sam Bankman-Fried testified the crypto-exchange founder ordered her and others to commit criminally fraudulent acts.
Boeing’s 737 MAX Output Falls to Lowest Level in Two Years
Deliveries and production of the company’s bestselling jet slowed in September amid snafus at one of its key suppliers.
Source: Dow Jones Newswires