Deutsche Bank to Exit Global Equities, Trading Business
Deutsche Bank moved to gut its global ambitions as a trading powerhouse, cutting 18,000 jobs and retreating to its German banking roots in a radical overhaul to try to save itself after years of decline.
Campbell Goes Agile, From Soup to Snacks
Companies such as Campbell Soup are using agile development, a method borrowed from IT that generally involves employees from different departments working together closely under short timelines.
P&G, in Search of New Markets, Is Going After Bugs
Procter & Gamble's four-year-old Ventures unit wants to zap Raid with its bug-killing spray called Zevo; 'We had to change the culture internally'
Wall Street Chiefs' Pay Doesn't Sync With Returns
Wall Street companies delivered significant losses to their shareholders last year, but the pain didn't spread to the top. The chiefs of banking and financial institutions in the S&P 500 received a median raise of 8.5% last year, compared with 5.6% for CEOs in the broader index, according to a Wall Street Journal analysis.
SoftBank Unit Yet to Conquer Internet of Things
Arm Holdings's software business posted $191 million in sales for the past fiscal year, a sliver of the $2 billion revenue goal set for itself by 2025.
WeWork to Raise Billions Selling Debt Ahead of IPO
Office-space manager WeWork plans to raise billions of dollars in debt before it goes public, a move aimed at shoring up confidence in its business.
Boeing Loses MAX Deal to Airbus
A Saudi airline said it would purchase up to 50 Airbus jets, worth more than $5.5 billion, instead of the Boeing 737 MAX jets it committed last December to buy.
Short Seller Targets Anta in Another Attack on China's Biggest Sportswear Company
Carson Block's Muddy Waters, a short seller, took aim at Anta Sports Products, becoming the third firm in little more than a year to question the financials of China's most valuable sportswear company.
U.K. Privacy Regulator Shows Its Teeth: Fines British Airways Parent $230 Million for Data Breach
British Airways parent International Consolidated Airlines Group said it would fight a hefty fine proposed by U.K. regulators for a cyberattack that exposed personal data of about half a million of the airline's customers.
Indian Bank Defrauded by Another Borrower
The Indian bank that fell victim to one of the country's biggest banking scams said that another borrower had defrauded it of half a billion dollars.