Jeff Wilke, Amazon's CEO of WorldWide Consumer, Plans to Retire
Jeff Wilke, a close lieutenant and confidant of Amazon.com founder Jeff Bezos who helped build the company into a tech colossus, is retiring from the company. Wilke will be succeeded by David Clark, senior VP of Worldwide Operations.
Home-Improvement Stocks Stay the Course Amid Nesting During Covid-19
Home-improvement stocks have been on the rise. As the pandemic keeps many Americans in their houses and apartments, more are interested in upgrading their spaces.
Hedge Fund Marble Ridge to Close After Scathing Neiman Report
Marble Ridge Capital, a hedge-fund firm known for investing in distressed companies, is shutting down after a government inquiry found that founder Dan Kamensky tried to suppress bidding for a piece of bankrupt retailer Neiman Marcus.
Pitney Bowes Is Unboxing E-Commerce Bonanza
Amid the excitement over Stamps.com, the market is starting to take notice of the greater potential of a century-old competitor usually associated with the U.S. Postal Service.
Facebook Staff Demand Policy Changes on India Hate Speech
Facebook employees are pressing leadership to review the handling of hate speech in India, saying the company has tolerated toxic content by prominent political figures and failed to enforce policies evenhandedly.
Deere Beats Profit, Sales Expectations in 3Q
Deere posted better-than-expected profit and sales figures as the company's agricultural-equipment division weathered the fiscal third quarter with a relatively small year-over-year sales decline.
Uber and Lyft's Platform Premium Already Waned
Even before the global pandemic, Uber and Lyft shares were both generating largely disappointing returns since going public last year.
Facebook's Zuckerberg Questioned in FTC Antitrust Probe
The Federal Trade Commission this week questioned Facebookfounder Mark Zuckerberg in its probe into whether the social-media giant has violated U.S. antitrust laws
Bankrupt Valaris Meets With Opposition to Restructuring
Lenders took aim at Valaris's $7.1 billion restructuring plan at the London-based offshore contractor's debut chapter 11 hearing.
Bayer Settles Essure Birth-Control Litigation for $1.6 Billion
Bayer said it will pay $1.6 billion to settle claims that its birth-control device Essure causes serious health complications, the latest in a string of settlements by the German company.