Nestle SA said Wednesday that it would acquire Seattle’s Best Coffee brand from Starbucks Corp. in a move to bolster its U.S. coffee business, and lifted sales guidance after price Read more
Tag: corporate strategy
Goldman beats lowered earnings target and unveils plan to reorganize under three business units
Goldman Sachs Group Inc. shares rose Tuesday as the bank beat lowered profit expectations for the third quarter, while confirming plans to reorganize into three business units in a move Read more
If you’ve always dreamed of owning a sporty Jag, this might be your last chance
The first gasoline-powered Jaguar sports car* appeared in 1922. The last will appear 102 years later. Jaguar has confirmed that the 2024 F-Type will be the last internal combustion-powered coupe Read more
Ads are coming to Netflix in November with plan costing $6.99 a month
Netflix Inc. announced Thursday that its new ad-supported tier will debut Nov. 3 in the U.S. for $6.99 a month. “We’re excited to launch Basic with Ads — Netflix’s lower Read more
Intel reportedly plans to lay off thousands of workers, with details potentially emerging alongside quarterly earnings
Intel Corp. may fire thousands of workers by the end of the month, around the same time the chip manufacturer reports quarterly results amid a tough year for semiconductor makers, Read more
Intel reportedly plans to lay off thousands of workers, with details potentially emerging alongside quarterly earnings
Intel Corp. may fire thousands of workers by the end of the month, around the same time the chip manufacturer reports quarterly results amid a tough year for semiconductor makers, Read more
Former Apple car executive’s battery startup plans $1.6 billion factory in Michigan
Our Next Energy Inc., an electric-car battery startup involving several former leaders of Apple Inc.’s AAPL, +0.06% secretive car project, is planning to invest $1.6 billion into a factory in Michigan to Read more
Economic Report: Most U.S. businesses still expanding and hiring, ISM finds
An ISM barometer of business conditions at companies such as hotels and restaurants dipped to 56.7% in September. Yet the survey also showed
Disney names new board member in deal with activist investor Third Point
The Walt Disney Co. announced a new board member Friday afternoon as part of a settlement with activist investor Third Point LLC. Disney DIS, -3.20% disclosed that Carolyn Everson, who Read more
Micron cuts capital spending to stem oversupply cycle; shares flat after hours
Micron Technology Inc. shares were flat in the extended session Thursday after the memory-chip maker said it was taking steps to emerge from a current downcycle in market by scaling Read more