ShakeUp Archives -
Nike wants to be more nimble on its feet. The sneaker maker plans to sell more shoes directly to customers online as part of a restructuring in which it also will cut about 1,400 jobs, the AP reports. And it’s reducing the number of sneaker and clothing styles it…
Nike wants to be more nimble on its feet.
The sneaker maker said Thursday that it plans to sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs. It will also reduce the number of sneaker and clothing styles it makes by a quarter and focus…
After 36 years under Jack Welch and Jeff Immelt, the conglomerate will soon be run by two GE lifers John Flannery and Jeffrey Bornstein, who spent years working together at the once lucrative-yet-problematic GE Capital.
WSJ.com: US Business
CBS is overhauling its leadership ranks, promoting veteran scheduling chief Kelly Kahl to president of CBS Entertainment, and bringing on longtime creative executive Thom Sherman to oversee programming for America’s most popular television network.
Kahl has been a stalwart of CBS Corp. Chairman…
Samsung Electronics surprised investors and South Korean lawmakers by saying the conglomerate would cancel some $ 35 billion in legacy treasury shares and forgo restructuring into a holding company.
WSJ.com: What’s News Asia
President Trump is said to be unhappy with the infighting among his top aides, and chief of staff Reince Priebus and chief strategist Steve Bannon could be on the list for removal or reassignment.
WSJ.com: What’s News Asia
Banc of California was at a high point last summer.
The Irvine lender’s assets had topped $ 10 billion, a milestone for a bank that had assets of less than $ 1 billion just five years earlier. Impressed investors sent its notoriously cheap stock to a post-recession high.
And in August, its ambitious…
Change at the Federal Reserve could come quickly with President-elect Donald Trump's team pledging to promptly fill high-level central bank jobs and roll out a tax and fiscal plan that could rewrite policymakers' core economic assumptions. Fed officials already say their plan to gradually increase interest rates may need to be accelerated to accommodate the new administration's economic proposals, which could push inflation higher. The concerns for Fed Chair Janet Yellen are broader as she faces a 14-month window to preserve her legacy and try to ensure the central bank's independence in the face of a possible four or more Trump appointees to its seven-member Board of Governors.