Series of Leadership Changes at General Mills; CFO to Retire
Among the changes, CFO Don Mulligan will retire and be replaced by finance executive Kofi Bruce.
Germany’s Economy Shrinks as Exports Struggle
The country is feeling the effects of trade conflicts and global uncertainty.
WeWork IPO Filing Reveals Massive Loss Last Year
The company lost more than $1.6 billion last year on just $1.8 billion in revenue.
Verizon Selling Tumblr to WordPress Owner
The blogging site was inherited as part of Verizon’s 2017 acquisition of Yahoo, which bought Tumblr in 2013 for $1 billion.
Trinity Merger and Broadmark to Merge
The combined company will create a commercial mortgage REIT with an expected equity value of $1.5 billion.
Broadcom Buys Symantec’s Enterprise Security Business for $10.7B
The deal comes less than a month after a full merger fell apart over price disagreements.
Barneys New York Files for Bankruptcy; Closing Most Stores
The luxury department store chain has faced rising rents and unsuccessful attempts to find a buyer.
iPic Entertainment Files for Bankruptcy; Pursues Sale
The luxury theater chain hopes to restructure its debt and strengthen its balance sheet.
KPMG Fined $6.1 Million by U.K. Regulator
The fine is the latest in a series of penalties levied on KPMG for poor performance.
Apple’s Revenue Is Up, but EPS Is Down
Strong iPhone sales in China and record services revenue drive third-quarter results for Apple.
Uber Lays Off 400 People; Lyft Eliminates Chief Operating Officer Role
Both ride-sharing companies experienced staff shake-ups on Monday after disappointing market debuts.