Fresenius SE CEO To Quit After Earnings Outlook Sours
By Ludwig Burger and Christoph Steitz FRANKFURT (Reuters) -Fresenius SE said its long-serving Chief Executive Stephan Sturm would quit, to…
August 2022
Foot Locker names former Ulta Beauty chief as CEO
SILVER SPRING, Md. (AP) — The chief executive who oversaw the rapid expansion of Ulta Beauty will take over as…
Stocks Rebound Shows The Devil In The Retail: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – Retail investors are back. In fact, they never went away. The recent rebound…
Myanmar Junta Replaces Central Bank Head In Reshuffle
(Reuters) -The head of Myanmar’s central bank was replaced on Friday as part of a surprise reshuffle by the military…
Russia’s Watchdog Imposes Measures Against TikTok, Telegram, Zoom, Discord, Pinterest
MOSCOW (Reuters) – Russia’s state communications watchdog Roskomnadzor said on Friday that it was taking punitive measures against a string…
Furniture Retailer Wayfair To Cut 870 Jobs
(Reuters) – Online furniture retailer Wayfair Inc said on Friday it would cut about 870 jobs, or 5% of its…
Deere Quarterly Profit Rises On Strong Equipment Demand, Pricing
(Reuters) – Deere & Co reported a rise in quarterly profit on Friday as higher equipment demand coupled with a…
Stocks fall broadly, S&P 500 set to break winning streak
Stocks are broadly lower on Wall Street in afternoon trading Friday, putting major indexes on track for losses that will…
Xiaomi Q2 Revenue Drops As COVID Restrictions Hit China Sales
SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp posted a 20% drop in second quarter revenue on Friday, as the…
Oil Headed For Weekly Loss As Recession Fears Cloud Demand Outlook
By Shadia Nasralla LONDON (Reuters) -Oil prices slipped on Friday after two days of gains and are heading for weekly…