Ford Still Scrambling to Get Rare-Earth Magnets
The situation has improved, but the automaker still needs to "move things around" to avoid manufacturing shutdowns given the scarcity of the materials.
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Hims & Hers Stock Drops 30% After Novo Nordisk Breakup
The Danish maker of obesity drugs abruptly ended a Wegovy distribution deal with the telehealth firm, citing allegations about Hims' compounding and deceptive marketing practices.
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Ettinger Returns to Hormel Foods as Interim CEO
Jeffrey Ettinger is returning to Hormel Foods to serve as its interim chief executive for 15 months, effective July 14.
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Stellantis Announces Leadership Reshuffle as New CEO Starts Work
Chief Executive Antonio Filosa shuffled responsibilities within the Jeep parent company and he retained the role of head of North America and American brands.
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Alibaba Folds Food Delivery, Online Travel Services Into Core E-Commerce Unit
The reorganization underscores the growing strategic importance of on-demand delivery for China's retail players.
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America's Biggest Cement Supplier Set to Make Its Market Debut
Amrize is expected it to have a market capitalization of $30 billion or more, analysts say.
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Chip Supplier Wolfspeed Agrees to Cut $4.6 Billion Debt in Bankruptcy
The company agreed with top creditors to exchange most of its debt for equity and file a near-term bankruptcy.
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Northrop, Lockheed, Other Defense Stocks Rise After Iran Strikes. Why Gains May Not Last.
America struck three Iranian nuclear sites on Saturday in an impressive coordinated attack called "Operation Midnight Hammer."
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Spin Master Taps Media Veteran Christina Miller as New CEO
Spin Master has appointed Christina Miller as chief executive, tapping a board member and seasoned media and entertainment executive to steer the toy company as the industry contends with looming trade tariffs.
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C&S Wholesale Grocers to Acquire SpartanNash in $1.77B Deal
C&S Wholesale Grocers agreed to buy SpartanNash for around $1.77 billion, including debt.
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EU Clears Liberty Media's Dorna Sports Merger
The European Commission approved Formula One owner Liberty Media's bid for Dorna Sports more than six months after deciding to launch an in-depth probe of their merger plans.
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Direct Line CEO and CFO to Step Down Amid Aviva's Acquisition Process
The executives at the helm of the U.K insurance company are stepping down as part of a management reshuffle and will be on paid leave for the first two months of their notice period.
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Tesla's Robotaxis Are Here: What You Need to Know
The electric-car maker launches a long-promised autonomous-taxi service in Austin to a select group of invitees.
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Prosus Logs Higher Revenue, Earnings on Strong E-Commerce Growth
Tencent Holdings' top shareholder saw growing profitability in its e-commerce businesses and AI-driven investments.
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KB Home to Report Second-Quarter Earnings. Results Could Be 'Choppy.'
(END) Dow Jones Newswires
June 23, 2025 15:00 ET (19:00 GMT)
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