At Calvin Klein and Tommy Hilfiger, New CEO Adapts to Shopping Now
Incoming PVH Chief Executive Stefan Larsson will be charged with guiding the company's fashion brands out of the pandemic and into what he calls retailing's "new normal."
Shell to Cut Up to 9,000 Jobs
Royal Dutch Shell said it would cut up to 9,000 jobs in a broad restructuring, as the energy giant grapples with the ongoing fallout of the pandemic.
Seven Airlines Close Billions of Dollars in Loans With Treasury
The U.S. Treasury said it has closed loans to seven passenger airlines and joined with the industry to call on Congress to extend more aid to prevent massive job cuts later this week.
Boeing to Move All 787 Dreamliner Production to South Carolina
Boeing will set plans this week to consolidate 787 Dreamliner assembly in South Carolina, people familiar with the matter said, ending production of that jetliner in Washington state.
NextEra Energy Made Takeover Approach to Duke Energy
NextEra Energy recently made a takeover approach to Duke Energy, according to people familiar with the matter, testing the waters for what would be a $60 billion-plus combination of two southern utilities.
Silver Lake Launches New 25-Year Investment Strategy Backed by Mubadala
Abu Dhabi sovereign-wealth fund Mubadala Investment Co. is making an investment in Silver Lake and contributing $2 billion to help the technology-focused private-equity firm launch a new long-term strategy, according to people familiar with the matter.
Disney to Lay Off 28,000 Employees as Disneyland's Reopening Unclear
Walt Disney said it would lay off about 28,000 employees at its domestic theme parks, citing continuing restrictions due to the Covid-19 pandemic, particularly its inability to reopen Disneyland in Southern California.
Twitter Partner's Alerts Highlight Divide Over Surveillance
Dataminr sells a service to police that monitors Twitter's full feed and sends alerts including tweets about protests-putting the pair at odds with privacy advocates.
Volkswagen Tries to Change Workplace Culture That Fueled Emissions Scandal
Volkswagen is betting that a reformed compliance culture and an expanded whistleblower program that helped the German car maker clear a critical U.S. regulatory milestone this month will also help prevent another scandal and go a long way in restoring its reputation.
China Greenlights Another Covid-19 Vaccine for Human Testing
A Chinese drugmaker, which is collaborating with AstraZeneca PLC on production of a coronavirus vaccine, has won approval from Chinese regulators to start testing one of its own vaccine candidates at home.
