Fabrizio Freda will retire next year and the beauty company says its board is searching for its next leader.
Category: Business
GM Is Cutting More Than 1,000 Employees Globally
The move affects the company’s software and services division.
Tesla Trails Rivals in Offering Driver-Assistance Features in China
As Elon Musk awaits Beijing’s green light, Chinese EV makers sell models that can cruise without intervention on city streets.
Starbucks’s New Boss Gets an Unusual Perk: Remote Work
Brian Niccol will be able to live in his home in Southern California and commute to Starbucks’s head office on a corporate jet.
SEC Accuses Carl Icahn of Concealing Stock Pledges
Activist investor Icahn agrees to pay $500,000 and his company will pay $1.5 million, without admitting or denying SEC findings.
7-Eleven Parent Gets Takeover Offer From Circle K Owner
Seven & i received the acquisition offer from Alimentation Couche-Tard following pressure on activist shareholders to improve the Japanese company’s profitability.
Cybertruck Buyers Get Unusual Surprise: A Brand-New Truck Delivered With Dirt and Mud
New Cybertruck owners have posted on social media about getting vehicles with dirt on the inside and spots on the outside.
How Booming Electricity Demand Is Stalling Efforts to Retire Coal and Gas
Companies are redoing the math behind the green-energy transition amid the rise of AI data centers.
How China Is Becoming a Money Pit for Foreign Automakers
Volkswagen, General Motors and other big brands are losing their grip on a once-lucrative market as Chinese consumers embrace homegrown electric vehicles.
Those Online Accounts You No Longer Use? For Your Own Safety, Get Rid of Them
You may have forgotten about these ‘zombie’ accounts but their servers haven’t—leaving your information vulnerable to hackers