Deutsche Bank Seeks to Reassure Investors Over Restructuring
Deutsche Bank shares were volatile as the German lender insisted it could radically restructure its business without having to ask shareholders for more capital to help pay for staff cuts and losses.
British Airways Faces $230 Million Fine Over Data Breach
A U.K. privacy watchdog has proposed a $230 million fine for the owner of British Airways-a potentially record, privacy-related penalty in Europe-alleging it failed to protect passenger data after a hack last year.
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 has spent years searching for a smash-hit new product. Now the maker of Tide detergent and Gillette razors hopes bug spray will break the drought.
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.
McDonald's Happy Meal Toys Caught in Backlash Over Plastic
A British petition calling for McDonald's to scrap the plastic toys included with kids' meals has garnered over 325,000 signatures, and the country's environment minister is pressing the case.
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.