Coca-Cola Plans Layoffs, Offers Buyouts to U.S. Staff
Beverage giant is offering initial voluntary-separation packages to about 4,000 employees in the U.S., including Puerto Rico, and Canada.
SoftBank to Sell $14 Billion Stake in Telecom Unit
Billionaire Masayoshi Son's SoftBank Group said it would sell a $14 billion chunk of its Japanese mobile unit, adding to a string of asset sales aimed at bolstering the company's debt-laden balance sheet.
Old Navy and Athleta Save Gap, Again
Gap has managed to almost double its e-commerce revenue. What hasn't changed is the lagging performance at its namesake brand and Banana Republic.
Cruise Ships Cautiously Resume Sailing in Europe After Deadly Outbreaks
Ships are sailing below capacity and there are no buffets. To minimize the risk of infections, some operators say all passengers must be tested before boarding.
Tesla Bulls Bet Big Ahead of Stock Split
A dizzying rally in the auto maker's shares has unleashed a burst of options activity tied to the stock jumping even higher.
Insight Backs Internship Program Focused on Diversity
Gainsight, a software company backed by Insight Partners, is forming a partnership aimed at bringing greater diversity to an increasingly important role in the software and technology industries: customer success associates.
U.S. Announces Deal With Abbott Laboratories for Rapid Covid-19 Tests
The Trump administration unveiled a $750 million deal to buy 150 million rapid Covid-19 tests from Abbott Laboratories, a move that would substantially expand the nation's capacity for rapid testing.
Chinese Covid-19 Vaccine Maker in Talks With Countries on Early Approval
CanSino is in talks with several countries to secure emergency approval for an experimental coronavirus vaccine before large-scale safety and effectiveness trials are completed, according to a company executive.
Will Chanel Buy in a Tough Neighborhood?
The appeal of owning a luxury store on one of the world's most expensive shopping streets during a pandemic is about to be tested.
Neiman Marcus Sues Marble Ridge Over Alleged Bid Rigging
The department-store chain is seeking more than $60 million in damages from the hedge fund in a lawsuit involving online business MyTheresa.
