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Carrier Plots Separation of Fire Unit
WSJ News Exclusive Business Air-conditioning company aims to sell or spin off Fire & Security business Source link
Occidental Petroleum Plans to Suck Carbon Dioxide From the Air—So It Can Keep Pumping Oil
Petroleum giant says its plan to capture and store carbon dioxide will give it leeway to invest in fossil fuels A direct-air capture facility by
McDonald’s Cuts Pay Packages, Closes Offices Alongside Layoffs Across Chain
WSJ News Exclusive Business Fast-food chain offered some employees a chance to remain with reduced compensation Source link
Hopes for Hong Kong's IPO Market Rest on Alibaba, JD.com Carve-Outs
Investors see the tech giants’ plans to sell shares in subsidiaries as another sign that China’s regulatory crackdown has eased. Source link
FedEx Combines Ground and Express Delivery Networks
The company’s push for efficiency is unwinding the operating strategy led by founder Fred Smith. Source link
McKinsey Is Shutting Down Its Restructuring Business
Consulting firm McKinsey & Co. is shutting down its corporate-restructuring practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar
Klaviyo Hires Bankers, Plans for Late 2023 IPO
WSJ News Exclusive Finance Marketing-automation company’s plans show potential thaw in new-issue market Source link
McDonald's Temporarily Shuts U.S. Offices as Chain Prepares for Layoffs
The fast-food company is expected to notify workers of their job status virtually. The layoffs are part of a broader restructuring. Source link
The Fatal Flaw in Credit Suisse’s Last-Ditch Attempt to Save Itself
Credit Suisse Group AG’s new-look investment bank, CS First Boston, was supposed to help salvage the lender. Instead, it may have hastened its fall. The
JD.com’s Property and Industrial Units Seek About $1 Billion Each in Hong Kong IPOs
Markets Stocks IPOs Chinese e-commerce giant says it plans to spin off the two businesses through separate listings Source link