Yum Brands Names CFO Chris Turner as New CEO
Yum Brands announced Tuesday that Chris Turner, the company’s current chief financial officer, will become CEO starting October 1, succeeding...
Business
Kering Hires Renault CEO De Meo to Revive Gucci
Kering announced Renault CEO Luca de Meo as its new executive leader through an unexpected selection that aims to restore...
Nissan Eyes $640 Million Renault Stake Sale, CEO Says
Nissan CEO Ivan Espinosa revealed to Nikkei that the company plans to decrease its Renault stake to 10% from 15%...
OpenAI to Maintain Ties With Scale AI After Meta Deal
OpenAI maintains its partnership with Scale AI despite Meta acquiring a 49% stake in the data-labeling startup for $14.8 billion....
Paramount Slashes 3.5% of US Workforce in Latest Cuts
Paramount Global will lay off 3.5% of its U.S. staff, expanding its workforce reductions as the company contends with shrinking...
Smucker Profit Outlook Falls Short Amid Tariff, Cost Pressures
J.M. Smucker issued a warning on Tuesday about its annual profit performance which would fall short of Wall Street expectations...
Drug Giants Offer No Commitments in Pricing Talks with US
Pfizer CEO Albert Bourla confirmed that his company together with other drugmakers has met with the Trump administration about lowering...
BlackRock Pushes Back on Antitrust Case by Republican States
BlackRock together with Vanguard and State Street filed a motion at the federal court to dismiss the antitrust lawsuit which...
Qualcomm to Acquire Alphawave in $2.4 Billion AI Play
Qualcomm announced a deal to buy British semiconductor company Alphawave for about $2.4 billion on Monday, marking its latest push...
Trump and Musk’s Public Feud Reaches New Heights
The former close bond between President Donald Trump and Elon Musk has ended in a spectacular fashion through their public...
