Category: Business
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Dollar Tree Names Michael Creedon Jr. Permanent CEO
Dollar Tree said it has named Michael Creedon Jr. as the discount retailer’s permanent chief executive, removing the interim tag he has carried since early November.
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Roche’s Parkinson’s Drug Candidate Misses Key Goal in Mid-Stage Study
An experimental Parkinson’s drug missed its primary goal in a mid-stage trial, Roche said, in what is the second setback this week for candidate treatments for the neurodegenerative condition.
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CEOs Are Feeling a Lot More Upbeat About the New Year
Donald Trump’s win is boosting optimism among the world’s top executives.
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Amazon Teamsters Authorize Third Strike at U.S. Facility
Illinois union members join workers in New York City in calling for a work stoppage.
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Volkswagen Labor Talks Continue
Volkswagen and labor leaders head into a second day of talks over cost cuts on Tuesday after negotiations that lasted late into Monday night ended without agreement.
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Biden Administration Agrees to Record $15 Billion Loan to PG&E
The Energy Department loan would finance the California utility’s efforts to upgrade the power grid and reduce emissions.
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Carlsberg Cleared to Proceed With $4.2 Billion Britvic Deal
Carlsberg announced plans in July to buy the U.K. soft drinks giant, in a move to develop its Nordic bottling business and strengthen its presence in Western Europe.
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Equinor Makes Oil and Gas Discovery in North Sea
The energy major said it probably wouldn’t be commercial for development in isolation, but it is the second recent discovery in the area that the company plans to further explore.
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Alibaba Expects to Book $1.28 Billion Loss on Sale of Department Store
The sale comes as Alibaba has been restructuring its businesses to focus on the e-commerce sector amid intensifying competition with its Chinese rivals.
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Former Ozy Media CEO Carlos Watson Sentenced to Nearly 10 Years in Prison
Watson had been found guilty of defrauding investors and lenders to his once promising digital-media startup.