Shares of department-store chain Macy’s Inc. slid 8% in after-hours trading on Friday after the retailer gave a more downbeat forecast on its fourth-quarter sales, with management citing big “lulls” Read more
Tag: execs
Elon Musk says Twitter bankruptcy ‘not out of the question’ as more top execs leave: reports
Twitter’s new owner, Elon Musk, laid out a dire financial forecast late Thursday, saying the social-media company could lose billions of dollars and that bankruptcy cannot be ruled out, according Read more
Aurora Cannabis reports bigger loss than expected, but execs stick with profit target
Aurora Cannabis Inc. on Thursday reported a bigger quarterly loss and lower sales than expected, but the Canadian pot producer stuck with its target of hitting an adjusted measure of Read more
Former MoviePass execs charged with securities fraud as prosecutors allege duo lied to investors, knew ticket scheme was a gimmick
There really is no such thing as a free ticket. The former chairman and chief executive of MoviePass have been charged with criminal securities fraud for allegedly lying about whether Read more
Food prices keep rising. Food-company execs are betting Americans will keep paying.
Even as rampant inflation in food prices leaches away consumer spending power and disproportionately affects lower-income consumers, food-company executives and Wall Street analysts believe that Americans will continue to buy Read more
Elon Musk on the hook to pay more than $200 million to 3 fired Twitter execs
When Twitter Inc.’s top executives walked out of its San Francisco headquarters Thursday, they may as well have been carrying bags of Elon Musk’s cash. Chief Executive Parag Agrawal, Chief Read more
Elon Musk on the hook to pay more than $200 million to 3 fired Twitter execs
When Twitter Inc.’s top executives walked out of its San Francisco headquarters Thursday, they may as well have been carrying bags of Elon Musk’s cash. Chief Executive Parag Agrawal, Chief Read more
Elon Musk completes Twitter purchase, fires CEO and other top execs: reports
Twitter Inc. is now owned by Elon Musk, with multiple media outlets reporting Thursday night that the long-anticipated sale had officially closed. The Wall Street Journal, Washington Post and others Read more
Elon Musk completes Twitter purchase, fires CEO and other top execs: reports
Twitter Inc. is now owned by Elon Musk, with multiple media outlets reporting Thursday night that the long-anticipated sale had officially closed. The Wall Street Journal, Washington Post and others Read more
Netflix lost streaming crown to Disney. Here’s how execs expect to win it back.
Disney+ sprinted past Netflix Inc. for the mantle of most-popular streaming service this year, and executives at Netflix are in serious damage-control mode. On Thursday, Netflix NFLX, +1.03% announced an Read more