Nike Names Pfizer's Denton as Next CFO
David Denton's appointment, effective Aug. 17, comes as the company struggles to execute its turnaround.
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FedEx Revenue Rises on Growth in Package Yields, Volume
FedEx logged higher revenue in its latest quarter, but its profit ticked down, hurt by costs related to the company's freight spinoff, business optimization and shift to reporting on a calendar-year basis.
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Oracle Sheds 21,000 Jobs as It Sharpens Focus on AI
The tech company's head count shrank by roughly 13% in its last fiscal year, as it continued to invest in artificial intelligence.
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Walmart, in Biggest Deal in Two Years, Buys Advertising Tech Firm
Retail giant is paying $1.4 billion for Vibe.co, a company that enables advertising through connected TVs.
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Tesla Notches Over Twofold Increase in European Monthly Sales
Elon Musk's EV maker continues to rebuild strength in a region where Chinese rivals are gaining ground.
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IBM Getting Ready to Scale Quantum Computing
This year, the company is laying the groundwork to turn quantum computing into a fully-fledged, scalable business from an expensive science project.
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Carnival Says Iran War Disrupted Bookings, Issues Soft Outlook
The cruise line said that booking trends during the recent quarter were most disrupted across Europe, particularly in the Mediterranean region.
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Brewer Heineken Taps Peet's Executive to Fill Vacant CEO Seat
Rafael Oliveira is set to take the reins from Oct. 1, ending a period of uncertainty at the top of one of the world's largest brewers.
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Intel's Stock Has Soared, but It Needs an Engineering Comeback
The chip maker can get its mojo back, but it must overcome technical challenges that have dogged it in the past.
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Athleisure Brand Vuori Targets China in Global Retail Push
The retailer, known for its jogger pants, is looking to snag market share in Asia from rivals like Lululemon and Alo Yoga.
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Sanofi Multiple Sclerosis Drug Gets EU Approval
Sanofi said it received European Union approval for Cenrifki, a new multiple sclerosis medicine, after U.S. regulators rejected it.
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Porsche Could Cut Jobs as It Pushes Ahead With Turnaround Effort
The sportscar maker is in talks with employee representatives as it pushes ahead with a broader streamlining plan.
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Energy Fuels to Acquire German Magnetics Firm for $1.9 Billion
Private-equity firm Ara Partners is selling Vac to the mining company.
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Avis Wins $650 Million From Hedge Fund Accused of Stoking Wild Stock Swings
Pentwater Capital agrees to pay Avis Budget to resolve an unusual spat where the car rental company singled out one of its major shareholders.
(END) Dow Jones Newswires
June 23, 2026 17:00 ET (21:00 GMT)
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