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Sales Slow at Louis Vuitton's Owner as China Sputters

LVMH Moët Hennessy Louis Vuitton, the world’s biggest luxury-goods company, struggled to lure big-spending Chinese consumers back to its boutiques…

9 months ago

Pharmacy Giant Walgreens Taps Tim Wentworth to Be CEO

The incoming chief executive faces a tough challenge, with a core business under pressure due to pharmacy-benefit managers such as…

9 months ago

U.S., in Chip War with China, Extends Some Allowances for Asian Allies

Chip makers Samsung, SK Hynix and TSMC can maintain their operations in China for the foreseeable future, but significant tech…

9 months ago

Why Nelson Peltz Grew Impatient With Disney's Turnaround Efforts

The activist adds shares, while the company plans changes to ESPN, Hulu and its streaming business. Source link

9 months ago

MGM Resorts Refused to Pay Ransom in Cyberattack on Casinos

MGM Resorts refused to pay a hackers’ ransom demand in a September cyberattack that threw its Las Vegas Strip resorts…

9 months ago

Modelo Continues to Win Over Bud Light Drinkers

Constellation Brands CEO says the Mexican beer brand has more room for growth. Source link

9 months ago

New This Holiday Season: Discounts on Shipping Packages

UPS and FedEx have loosened pricing as the carriers anticipate a weak peak. Source link

9 months ago

How China's BYD Became Tesla's Biggest Threat

Once a maker of cellphone batteries, the company is in the running to become the world’s No. 1 seller of…

9 months ago

U.S. Car Sales Expected to Increase Again in the Third Quarter

The car market has yet to see an impact from UAW strike-related factory shutdowns. Source link

9 months ago

For Tesla's Cybertruck, Another Sales Launch Date Comes and Goes

The EV maker, known for ambitious goals, is betting customers will stick around for the long-awaited electric pickup. Source link

9 months ago