Nike veteran Hill to replace Donahoe as CEO; shares jump
By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the…
Author: Wall St Mavens
Amazon adds chatbot for its sellers, boosting automation
By Greg Bensinger (Reuters) – Amazon.com announced on Thursday a new artificial intelligence application that it says will help its…
FedEx reports drop in quarterly earnings on lower demand for priority services
(Reuters) -FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast…
Fed’s big cut may have been closer call than lone dissent suggests
WASHINGTON (Reuters) – The Federal Reserve’s big bang start on Wednesday to what’s expected to be more interest-rate cuts this…
US FDA approves Elanco’s skin disease treatment for dogs
(Reuters) -The U.S. Food and Drug Administration has approved Elanco Animal Health’s skin disease treatment for dogs, the health regulator’s…
Ukraine’s Zelenskiy says ‘victory plan’ is ready
(Reuters) – President Volodymyr Zelenskiy said on Wednesday that his “Victory Plan”, intended to bring peace to Ukraine while keeping…
Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
(Reuters) – The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is…
Google urges tribunal to throw out $9.3 billion UK lawsuit over search ‘dominance’
LONDON (Reuters) – Google parent Alphabet on Wednesday asked a London tribunal to throw out a mass lawsuit that accuses…
Tupperware files for bankruptcy as its colorful containers lose relevance
(Reuters) -Tupperware Brands Corp. and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, giving in to…
Walmart’s Sam’s Club to raise hourly pay for 100,000 workers from November
(Reuters) – Walmart-owned Sam’s Club said on Tuesday it would raise average hourly wages for nearly 100,000 of its workers,…