L3Harris Ousts Christopher Kubasik as Chairman, CEO After Investigation Into His Conduct
The defense contractor said Kubasik's alleged conduct didn't involve and has no impact on the company's financial reporting, controls, customer relationships or operational performance.
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Madison Air to Buy Airflow-Technologies Company for $5.4 Billon
Madison Air, which provides air-quality solutions, said he acquisition will add to its portfolio of new products that will help customers improve uptime, efficiency and productivity.
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Uber, Zipline Partner With Goal of Hitting 1 Million Drone Deliveries a Day
Uber is teaming up with drone startup Zipline to take its delivery service to the skies, a move aimed at winning customers demanding ever-quicker turnaround times for takeout, grocery and retail orders.
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Many Companies Would Announce Earnings Quarterly, Ditch Filings Under SEC Proposal
In a survey, most firms said they would still report their financials four times a year but do fewer government filings given the option to file semiannually.
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ArcelorMittal Says Two Killed in Missile Strike on Ukraine Facility
One member of staff and one contractor were killed and 13 others were injured in the strike on a facility belonging to ArcelorMittal Kryvih Rih over the weekend.
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American Luxury Brands Have a Secret Weapon: $12 Tennis Socks
Coach and Ralph Lauren are still growing because they understand what middle-class shoppers can afford.
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Alibaba to Sell Videogame Business for at Least $1.5 Billion
Alibaba Group is selling its videogame arm in a deal worth at least $1.5 billion, as the Chinese company shifts its focus to artificial intelligence.
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AstraZeneca Ends Phase 3 Lung Cancer Drug Trial After Review
A committee said the volrustomig combination was unlikely to reach either of the primary endpoints for the trail, but the company said other Phase 3 volrustomig trials would continue as planned.
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How Burger King Revamped Its Whopper and Overtook Wendy's
The burger's overhaul, overseen by a corporate chef who had already worked magic at Popeyes, is helping propel a comeback.
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K-Beauty Has Conquered the World. China's Proya Wants C-Beauty to Be Next.
Proya Cosmetics will start selling its flagship brand in the U.S. via a partnership with retailer Ulta Beauty.
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Geely Auto's Exports Cushion Weak Chinese Demand as Profit Slips
Strong overseas sales and a better product mix helped Geely improve margins amid weaker auto demand in China.
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Prosecutors Focus on Four Businesses Tied to Dodgers Owner Mark Walter
Proceeds from loans made by Walter's insurers passed through firms purportedly controlled by each of these four entities.
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Open-Weight AI Won't Crimp Demand for Picks and Shovels
Some of the artificial intelligence boom's biggest beneficiaries can cash in whether open models proliferate or not.