After forcing companies to make countless CEO changes in his career, Carl Icahn is about to make one of his own. The activist investor said he is hiring a former General Electric …
Read More »Tesla must rehire fired worker and Elon Musk must remove anti-union tweet, NLRB rules
On Thursday, the National Labor Relations Board ordered Tesla Inc. to reinstate an employee it fired in 2017 and said Chief Executive Elon Musk must delete a three-year-old tweet urging not to …
Read More »GM turns to NBA executive Meg Whitman for board
General Motors Co. has appointed two new directors, including tech industry veteran Meg Whitman, its first high-profile move since the collapse last year of its media startup Quibi Holdings LLC. GM said …
Read More »Adobe revenue, maximum sales estimates
Shares of Adobe Inc. were flat in extended trading Tuesday after the software company announced higher-than-expected first-quarter fiscal results and strong financial guidance for the year. Adobe ADBE, + 1.72% reported net …
Read More »Leon Black resigns as Apollo chairman in unexpected move
Leon Black, Billionaire Co-Founder of Apollo Global Management Inc., APO 2.16% He resigns as chairman of the investment giant in an unexpected move that is the latest in a governance review sparked …
Read More »Pinduoduo founder Colin Huang leaves the company
SINGAPORE: Chinese e-commerce company Pinduoduo Inc.’s PDD -10.31% Founder and chairman Colin Huang resigned from the company on Wednesday, even as the five-year-old company overtook Alibaba Group Holding. Limited. SLIME 2.08% to …
Read More »GameStop shares fell so much that they had to be stopped. That didn’t stop the sale.
Text size GameStop shares are up an impressive $ 1,068% so far this year. Justin Sullivan / Getty Images GameStop Stocks fell suddenly Monday morning, prompting a brief halt due to volatility. …
Read More »Blackstone’s hedge fund business to launch growth strategy
The world’s largest hedge fund investor has hired former hedge fund manager Scott Bommer to launch a new growth strategy, a move aimed at expanding Blackstone BX. -1.18% Group Inc.’s hedge fund …
Read More »China’s regulators punished the tech giants. What could come next?
Text size Chinese digital payments company Alipay in Shanghai. Regulators have cracked down on Internet companies with antitrust measures. Héctor Retamal / AFP via Getty Images Chinese stocks fell on Friday when …
Read More »Jeep owner Stellantis is willing to ditch the Cherokee name, CEO says
The Jeep owner’s boss said he is willing to remove the Cherokee name from the vehicles after recent criticism from the Native American tribal leader. Carlos Tavares, Executive Director of the recently …
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