United Kingdom

Nivedita Balu

Boeing board strips CEO of chairman title amid 737 MAX crisis

12 Oct 2019

Boeing Co's board has stripped chief executive Dennis Muilenburg of his chairmanship title, in an unexpected strategy shift announced by the U.S. planemaker on Friday only hours after a global aviation panel criticized development of the troubled 737 MAX.

Bed Bath & Beyond hires Target executive as CEO

09 Oct 2019

Bed Bath & Beyond Inc on Wednesday hired Target Corp's Mark Tritton as chief executive officer, months after its long-time head, Steven Temares, left the company under pressure from activist investors, sending its shares up 23%.

McDonald's joins Beyond Meat bandwagon with Canada tests

26 Sep 2019

McDonald's Corp will test a new "plant, lettuce and tomato" sandwich using Beyond Meat patties in some restaurants in Canada next week, the company said on Thursday, following major rivals' bets on the plant-based protein mania in North America. | Video

Juul boss exits in vaping crisis as Philip Morris, Altria axe merger talks

25 Sep 2019

The chief executive of e-cigarette maker Juul stepped down on Wednesday as merger talks between its biggest investor Altria and Philip Morris collapsed in the face of a regulatory backlash against vaping that could reshape the industry. | Video

No tariff fears for Nike after online success

25 Sep 2019

Nike Inc's online sales growth and a bullish outlook in China put it on a firm path for years to come and should help it easily ride out rises in U.S. import tariffs on its Chinese-made sneakers, Wall Street analysts said on Wednesday after a strong set of quarterly results.

Nike's first quarter shines as direct-to-consumer push gains momentum

24 Sep 2019

Nike Inc's quarterly revenue and profit beat market expectations on Tuesday as a push to sell sneakers and apparels to consumers through its own stores and online retailers gained pace, boosting margins and sending its shares up 5%. | Video

UPDATE 3-Kroger's doubts about turnaround targets cloud quarterly profit beat

12 Sep 2019

Sept 12 Kroger Co on Thursday raised doubts about its profit targets from an ongoing turnaround plan, even as the supermarket chain operator posted a better-than-expected quarterly profit, helped by its investments in delivery and online operations.

Tapestry CEO Victor Luis steps down; Chairman Zeitlin takes charge

04 Sep 2019

Tapestry Inc replaced Chief Executive Officer Victor Luis with long-time Chairman Jide Zeitlin on Wednesday, just weeks after the high-end fashion house cut its full-year earnings forecast and warned of troubles at its Kate Spade brand.

Walmart halts ammunition sales for assault-style rifles; Kroger calls for gun safety

04 Sep 2019

Walmart Inc, the nation's largest retailer, said on Tuesday it would stop selling ammunition for handguns and some assault-style rifles in all its stores across the United States, and called for action on gun safety after a string of mass shootings, including at Walmart stores in Texas and Mississippi. | Video

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