Jane Fraser to Succeed Michael Corbat as Citi CEO

Jane Fraser will become the first woman to run a major Wall Street bank, succeeding Michael Corbat as Citigroup chief executive when he retires in February. 


 
LVMH Says Tiffany's Handling of Pandemic Invalidates Deal

The French luxury-goods giants lashed out at Tiffany & Co., saying its $16.2 billion deal to take over the U.S. jeweler was no longer valid because the company had been mismanaged during the coronavirus crisis. 


 
Lockheed, Micron and Others Pay Bills Early to Protect Suppliers

Big manufacturers that depend on complex global networks for parts and services are pumping money early to their suppliers, smaller businesses that could otherwise fail during the pandemic. 


 
Century 21 Stores Files for Bankruptcy, to Close All 13 Stores

Department-store chain plans to close all 13 stores, the latest retailer to tumble into bankruptcy due to Covid-19 pandemic. 


 
Oil Major BP Gives a Taste of How It Will Go Green

A deal to buy into wind farms off the coast of New York and Massachusetts showcases the British company's ambitions in the clean-energy sector-and the risks it is taking. 


 
Airbnb Owns Today's Travelers, But What About Tomorrow's?

With the future of travel up in the air, Airbnb appears to be capitalizing on travelers staying grounded-for now. 


 
Huawei to Launch Smartphones Without Google Android

Huawei Technologies Co. will begin selling smartphones capable of running its self-designed operating system next year, as it seeks to keep its consumer business going without Google Android and other U.S. suppliers . 


 
Kroger Spent Heavily on Tech, but Grocery Delivery Is Still a Struggle

When the coronavirus changed customers' buying habits overnight, Kroger, the nation's largest grocer, wasn't as ready as some competitors, despite having invested hundreds of millions of dollars in technology to give it a digital edge. 


 
AstraZeneca CEO Sees Oxford Vaccine Possible by End of Year, Despite Setback

AstraZeneca said a Covid-19 vaccine it is developing with the University of Oxford could still be ready by the end of the year, despite the company pausing late-stage trials after a participant in the U.K. developed an unexplained illness. 


 
Megyn Kelly Is Back, but This Time She's Podcasting

The former TV news commentator and talk-show host's new Devil May Care Media is slated to release the first episode of "The Megyn Kelly Show" at the end of the month.