News
Heineken CEO announces 6,000 job cuts in ‘significant cost intervention’ to accelerate growth
Today, Dutch brewer Heineken announced plans to lay off up to 7% of its workforce as it seeks to improve efficiency through...
Kraft Heinz pauses work related to separation
Kraft Heinz announced today that it is suspending its previously planned company split. Additionally, it plans to invest $600 million to...
Cisco takes on Nvidia and Broadcom with new AI chip release
Today, Cisco Systems announced the launch of a new chip and router designed to accelerate data transfer in massive data...
CVS CEO says company is ‘well positioned’ after successful turnaround
CVS Health reported fourth-quarter earnings and revenue that exceeded estimates, indicating steady progress in its healthcare turnaround plan. The company's...
Coca-Cola projects 5% organic revenue growth in 2026
The Coca-Cola Company today reported fourth-quarter and full-year 2025 results. For the quarter, the company's net revenues grew 2% to...
Shares of IBM spin-off Kyndryl fall 39% after executive reshuffle
Kyndryl, a spin-off from IBM, saw its shares decline 39% in premarket trading following the departure of its CFO amid...
Lilly to acquire Orna Therapeutics for $2.4 billion
Eli Lilly and Company announced today that it has entered into a definitive agreement to acquire Orna Therapeutics, Inc. for up...
Kroger appoints former Walmart President Greg Foran as CEO
The Kroger Co. today announced that Greg Foran, former President and CEO of Walmart U.S., has been appointed CEO, effective...
Under Armour CEO says turnaround strategy is driving brand momentum
Under Armour, Inc. announced its second-quarter fiscal 2026 financial results today, ending September 30, 2025, with revenue dropping 5 percent...
Stellantis shares plunge after CEO reveals costly business-reset charges
Stellantis announced today that, in line with its business reset and ahead of sharing its new strategic plan in May,...
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