In a bold move signaling renewed interest in corporate governance, Barington Capital has publicly disclosed its position in Macy’s Inc., joining forces with Thor Equities to advocate for transformative changes within the storied retailer. This seeks to address persistent performance issues that have plagued Macy’s over the years. Barington’s proposal to cut spending, explore selling
Business
The recent tragic murder of UnitedHealthcare CEO Brian Thompson has left a profound impact on the corporate landscape, reigniting discussions around executive security in an increasingly dangerous environment. This grim event took place during a time when many business leaders routinely walk unaccompanied to investor events, a practice that now calls into question the safety
The Consumer Financial Protection Bureau (CFPB) has initiated legal action against Comerica Bank, a regional financial institution, for its purported mismanagement of a federal benefits program utilizing prepaid debit cards. This program, known as Direct Express, is designed to assist individuals reliant on Social Security and other critical federal benefits, offering them a secure means
In a pivotal move aimed at improving its financial health, JetBlue Airways recently informed its employees of significant operational changes designed to eliminate unprofitable routes and optimize aircraft deployment. As travel patterns continue to evolve in the post-pandemic world, the airline’s decisions reflect a focused effort to restore consistent profitability, pointing to the challenges that
Eli Lilly has recently released promising data regarding its weight loss medication, Zepbound, indicating that it significantly outperforms its primary competitor, Novo Nordisk’s Wegovy, in a head-to-head clinical trial. This trial, which is considered a crucial milestone, showcased that Zepbound enables patients to achieve a remarkable average weight loss of 20.2%—approximately 50 pounds—over a 72-week
On a recent evening, Jaguar, the venerable British automotive brand known for its elegant performance vehicles, unveiled an ambitious and forward-thinking design philosophy with the introduction of its all-electric concept car, the “Type 00.” This unveiling marks a significant pivot in Jaguar’s automotive journey, steering the company toward the realm of sustainable mobility. The Type
The automotive industry, known for its rapid evolution and cutthroat competition, recently witnessed a significant upheaval with the unexpected resignation of Stellantis CEO Carlos Tavares. The decision surprised many, coming at a moment when Stellantis, formed from the merger of Fiat Chrysler Automobiles and PSA Groupe, was expected to build on its initial successes. However,
As the year approaches its festive conclusion, retailers face both an opportunity and a challenge during the holiday shopping season. While this time traditionally invites enthusiasm and increased consumer spending, the reality is complicated by fluctuating economic conditions. Retailers are eager to attract a wide array of shoppers and encourage splurging on non-essential items, such
The introduction of the 12-team College Football Playoff (CFP) format has ushered in a significant transformation within the realm of college football broadcasting, predominantly affecting major media companies like Disney. By expanding the playoff from four to twelve teams, the NCAA not only enhances the excitement surrounding each competition but also allows a wider fan
On November 2, Nordstrom Inc. reported its fiscal third-quarter earnings, showcasing a surprising resilience that defied broader retail trends. The Seattle-based retailer surpassed Wall Street’s revenue expectations with an approximate 4% increase year-over-year, driven by consumer engagement in clothing, footwear, and activewear. This performance comes even as many retailers grapple with sluggish sales in discretionary