Breaking News: Business
Levi Strauss CEO says company’s look for for new leader obtained assist from not likely resource
Levi Strauss & Co. CEO Chip Bergh speaks at the CNBC Evolve convention November 19th in Los Angeles. Jesse Grant | CNBC As Levi Strauss & Co. searched for its subsequent chief, it acquired assistance from a surprising resource. Levi CEO Chip Bergh reported strain from activist traders prompted Kohl’s CEO Michelle Gass to think […]
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Boeing’s aircraft deliveries slipped in October on 737 fuselage flaw
A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Matt Mcknight | Reuters Boeing‘s aircraft deliveries in October fell from a month earlier after a fuselage flaw in its bestselling 737 Maxes delayed handovers of new planes. Boeing delivered […]
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Kohl’s CEO Michelle Gass to step down, join Levi Strauss as CEO in waiting
Kohl’s Chief Executive Officer Michelle Gass Source: Kohl’s Kohl’s said Tuesday that CEO Michelle Gass is leaving the company for a new opportunity as its sales continue to fall. In a separate release, Levi Strauss & Co. said Gass will join the company in early January as president and step into the role of CEO […]
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Virgin Orbit raises $25 million from Branson’s conglomerate as cash reserve dwindles
Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Virgin Orbit raised $25 million, the company announced Monday alongside its third-quarter results, as the alternative rocket launcher faces a dwindling cash reserve. The company disclosed that Richard Branson’s Virgin Group, an existing shareholder, […]
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SpaceX adds data restrictions for Starlink power users
SpaceX CEO Elon Musk speaking about the Starlink project at MWC hybrid Keynote during the second day of Mobile World Congress on June 29, 2021 in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images Elon Musk’s SpaceX introduced restrictions to its Starlink internet service to curtail data drains of power users. The company added a […]
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Tyson Foods CFO arrested for public intoxication, falling asleep in the wrong house
John Tyson mugshot Source: Washington County, Arkansas Tyson Foods CFO John Tyson was arrested early Sunday in Arkansas after allegedly becoming intoxicated and falling asleep in the wrong house. Tyson, 32, was charged with public intoxication and trespassing and booked in Washington County jail. Tyson Foods is headquartered in Springdale, Arkansas. A woman who did […]
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Lidar makers Ouster and Velodyne agree to merge
The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Lidar makers Ouster and Velodyne have agreed to merge, combining roughly […]
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Carvana stock tanks 20% in continued sell-off
A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of Carvana were briefly halted Monday due to volatility, down more than 20% to below $7 per share — its lowest point on record. Carvana stock posted its worst day ever Friday after the company missed […]
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Sweetgreen is launching its first national dessert — a ‘healthy’ take on the Rice Krispies Treat
Sweetgreen Crispy Rice Treat Source: Sweetgreen Sweetgreen is launching its take on Rice Krispies Treats, its first dessert since 2014. The Crispy Rice Treat is available nationwide starting Monday for $2.95. The prepackaged dessert is made with organic brown rice, quinoa, millet and honey-date caramel. It has190 calories and 6 grams of sugar. Sweetgreen co-founder […]
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Federal prosecutors charge ex-CEOs of MoviePass, parent company in alleged fraud scheme
Sopa Images | Lightrocket | Getty Images Former executives at MoviePass and its parent company have been charged with fraud, according to a federal indictment that was unsealed Friday. Theodore Farnsworth, 60, former CEO of Helios & Matheson, and Mitchell Lowe, 70, former CEO of MoviePass, are charged with misleading investors and making false statements […]
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