Dow said its third-quarter results are expected to come in lower after an unplanned event in late July at an ethylene cracker in Texas.
Category: Business
Boeing CEO Kelly Ortberg Pleads With Union Not to Strike
The company’s largest union votes Thursday on a tentative agreement that calls for a 25% pay increase and commits Boeing to building its next plane […]
General Mills to Sell North American Yogurt Business for $2.1 Billion
General Mills said it agreed to sell its North American yogurt business to French dairy companies Lactalis and Sodiaal in cash deals valued at an […]
Norfolk Southern’s CEO Survived an Activist Attack. Then Came Talk of an Affair.
Alan Shaw was fired after a board investigation found that he and the legal chief had a romantic relationship.
GM, Hyundai Explore Joint Car Development
The carmakers say the potential collaboration could help cut costs by teaming up on new models, including electric and hydrogen-powered vehicles.
Western Firms That Flocked to China Are Now Pulling Back
As China’s growth slows and the difficulty of doing business there rises, Western companies have stopped plowing money into the country.
VW and Germany Were Great for Each Other. Now They’re Not.
Both the carmaker and its home country are suffering from high costs, eroding tech leadership and a reliance on China.
Kevin Plank Broke Under Armour. Can He Fix It?
The CEO said the brand has suffered from executive turnover and strategy shifts, but more than half a dozen former executives said he was responsible […]
Rentokil Shares Plunge After Profit Warning
Rentokil Initial cut its forecast for adjusted profits for the year, warning that it expected a slower rate of organic revenue growth at its North […]
UniCredit Takes 9% Stake in Commerzbank
The Italian bank—one of the biggest in the eurozone—said it would engage with Commerzbank about value-creating opportunities and request authorization to potentially exceed a 9.9% […]