Olam International to Split Business in Two
The Singaporean agriculture company said one of the new groups will operate in the food-ingredient industry and the other will focus on food products and animal feed.
Streaming War's Battle Lines Still Being Drawn
Questions around sustainability and subscribers of streaming services are unlikely to be answered even by the end of this year.
Cash, Plastic or Hand? Amazon Envisions Paying With a Wave
The tech giant is creating checkout terminals that could be placed in stores and allow shoppers to link their card information to their hands.
Airbnb Asks Shareholders to Share With Other Stakeholders
Airbnb's plan to tie compensation to goals broader than profit is equivalent to telling companies' owners they aren't as important as they think. It remains to be seen whether Wall Street agrees.
Arconic Names Chief Executive of Spinoff Company
Arconic named Timothy D. Myers chief executive officer for an aluminum rolling company that will be created later this year when Arconic splits into two companies.
Morgan Stanley Cuts CEO James Gorman's Bonus
Morgan Stanley paid its chief executive, James Gorman, $27 million for his work in 2019, a pay cut for a year when the bank's revenue hit a record but its shares lagged behind those of rivals.
Best Buy Opens Probe Into CEO's Personal Conduct
The board of Best Buy is investigating allegations that Chief Executive Corie Barry had an inappropriate romantic relationship with a fellow executive, who has since left the electronics retailer.
Judge Slashes Damages in J&J Risperdal Case to $6.8 Million From $8 Billion
A judge reduced the amount of punitive damages Johnson & Johnson must pay in a lawsuit over its antipsychotic Risperdal to $6.8 million from the $8 billion awarded by a jury in October.
Boeing Encounters New MAX Woes
The plane maker has found a software problem that prevents the 737 MAX's computers from powering up properly prior to flight, which could complicate the aircraft's return to service.
Disney Drops 'Fox' From Twentieth Century Name
The company renamed the Twentieth Century Fox movie studio, which it acquired last year, making it Twentieth Century Studios.