EBay Founder Pierre Omidyar Steps Down From Board

EBay founder Pierre Omidyar stepped down from the company's board as part of a broader overhaul that also has Elliott Management partner Jesse Cohn leaving the board. 


 
Rio Tinto CEO to Step Down Amid Fallout Over Destruction of Ancient Rock Shelters

Rio Tinto said its chief executive would step down as it battles to contain the fallout from the destruction of two ancient rock shelters in northwestern Australia's minerals-rich Pilbara region that were culturally significant to a local indigenous group. 


 
U.S. Regulators Fine Pork Giant Smithfield Over Covid-19 Outbreak

The Labor Department fined Smithfield Foods over a Covid-19 outbreak that infected nearly 1,300 workers at a South Dakota plant and killed four. 


 
Russian Hackers Have Targeted 200 Groups Tied to U.S. Election, Microsoft Says

Russian government hackers have targeted at least 200 organizations tied to the 2020 U.S. election in recent weeks, according to Microsoft Corp. 


 
Rubio Seeks Security Review of Chinese Bid for GNC

Sen. Marco Rubio urged a national-security panel, the Committee on Foreign Investment in the U.S., to review a Chinese company's bid for struggling vitamin-and-supplement chain GNC. 


 
Peloton Posts First-Ever Profit as Pandemic Speeds Sales

Peloton Interactive posted its first-ever quarterly profit as revenue nearly tripled, capitalizing on surging demand for at-home fitness gear during the coronavirus pandemic. 


 
Second Top Female Executive at Bridgewater Says Firm Paid Her Less Than Men

The complaint from Karen Karniol-Tambour, the hedge fund's most-senior female executive, follows a gender-discrimination suit from a former co-CEO. 


 
Oracle Results Bolstered by Cloud-Computing Growth

The company's quarterly sales rose 2% as the business software company navigates changing customer spending habits. 


 
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. 


 
JPMorgan Tells Trading-Floor Staff to Come Back to the Office

The bank's giant sales and trading operation is told that their teams must return to the office by Sept. 21. Employees with child-care issues and medical conditions that make them more vulnerable to coronavirus complications can continue working from home.