Kraft Settles Futures Market Manipulation Case
The company allegedly made more than $5 million in profits and savings from improper wheat futures trading.
Burford Capital CEO’s Wife Steps Down as CFO
Elizabeth O'Connell is taking another job at the litigation finance firm amid investor concerns over her independence.
Retail Sales Jump Counters Recession Fears
Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."
Cisco Warns of Soft Growth Amid Trade Tensions
“We definitely saw significant impact on our business in China as it relates to what's going on with the trade war right now."
Macy’s Shares Fall 13% on Big Earnings Miss
Same-store sales improved in the second quarter but profit was hit by heavy markdowns to clear unsold merchandise.
CBS, Viacom to Reunite After 13 Years Apart
The reunification of Sumner Redstone's media empire will create "a world-class, multiplatform media organization," his daughter says.
Core CPI Rises 0.3% for Second Straight Month
The July inflation readings reduce "the chances that the U.S. central bank would cut rates by half a percentage point" in September.
UPS Hires PepsiCo’s Brian Newman as CFO
“It is clearly a pivot for [UPS] to bring in new blood and new talent at a crucial time for the company."
Aramco Makes India Move With Reliance Stake
The world's biggest oil producer has agreed to buy 20% of Reliance Industries' chemicals and refining business in a deal valued at $15 billion.
Mattel Shares Tank on Whistleblower Disclosure
The toy maker says it canceled a $250 million bond offering after receiving an "anonymous whistleblower letter."
Uber Posts Record Loss, Sales Growth Slows
“What’s sapping investor confidence ... is the absence of a clear path to grow revenue and cut costs,” an analyst says.