RTX Names Christopher Calio as Next CEO

The new leader will steer aerospace and defense company through recall of Pratt & Whitney engines. 


 
Costco Beats on Earnings. Thanksgiving Pies, Gold Bars, and Babe Ruth Helped.

The company also declared a special cash dividend of $15 per common share. 


 
Nelson Peltz to Nominate Himself, Former CFO to Disney's Board

The move is the latest twist in a high-profile proxy battle between Peltz's Trian Fund Management and the entertainment giant. 


 
GM's Cruise Unit Is Laying Off 24% of Workforce

Cruise said it was laying off almost a quarter of its workforce, or about 900 employees. 


 
Blackstone, Canada Pension Plan in $1.2 Billion Joint Venture With FDIC

Two units of Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust, Canada Pension Plan Investment Board and funds affiliated with Rialto Capital entered a newly formed joint venture with the FDIC. 


 
Freepoint Commodities to Pay $98 Million to Settle Criminal Foreign Bribery Probe

Freepoint Commodities agreed to pay more than $98 million to settle allegations it conspired to bribe Brazilian officials to secure business from state-owned oil company Petróleo Brasileiro, or Petrobras. 


 
Fund Pushes Gildan to Reinstate Ousted CEO

Browning West, a Los Angeles hedge fund, holds a nearly 4% stake in Gildan after building its position over several years. 


 
Campari in Talks to Buy Courvoisier Cognac

Davide Campari-Milano is negotiating with Beam Suntory to acquire the owner of Courvoisier cognac for up to $1.32 billion, paving the way for a significant step up in the U.S. market. 


 
Why Walmart Turns the Music Off Every Morning

Businesses are creating calm spaces for customers who can feel sensory overload. 


 
Meta's Threads Launches in Europe

Meta Platforms rolled out Threads in Europe, months after the Facebook and Instagram parent launched the microblogging app in the U.S.


(END) Dow Jones Newswires

12-14-23 1915ET