Biden Unveils Plan for $3.2 Trillion in Tax Hikes
The plan, which omits a wealth tax, is "certainly more modest than those of other leading contenders" for the Democratic presidential nomination,
Verint Systems to Spin off Cyber Intelligence Unit
Separating the intelligence and customer engagement businesses "at this stage of their evolution will allow each to unlock its full potential."
Postmates Closes in Mexico to Focus on U.S.
The food-delivery startup is also laying off employees in the U.S. as it regroups after shelving an initial public offering.
Workday Tops Q3 Estimates But Stock Dips 1.9%
CFO Robynne Sisco cautioned that the Scout RFP acquisition and new products launching next year would have a delayed impact on its results.
Spinoff Sues Honeywell Over Asbestos Liabilities
Garrett Motion says its indemnification agreement with Honeywell is "so one-sided as to be manifestly unconscionable."
U.S. Factory Activity Drops for 4th Straight Month
“There is nothing to point to in [the November factory activity] report that signals a bottom in domestic manufacturing."
Hostess Buys Voortman in $320M Snacks Move
The maker of Twinkies says Voortman's wafers and sugar-free cookies will be "a great addition" to its sweet baked goods snacking and breakfast portfolio.
U.S. Banks’ Earnings Drop 7.3% to $57B in Q3
It was the first quarterly decline in net income since late 2018 but the industry generated nearly $100 billion in new loans.
SEC Charges Former MiMedx Execs With Fraud
The C-suite executives allegedly improperly recognized revenue from distributors with which MiMedx had secret side arrangements.
China Tariffs to Eat Into Dollar Tree Q4 Profits
The discount retailer's shares fell more than 16% after it cut its outlook for the holiday season due in part to tariff costs.
Ex-Outcome Health Execs Charged With Fraud
The SEC says the CFO and two other executives misrepresented Outcome's financial performance to raise nearly $500 million from investors.