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Corporate Governance

Another Big Round of Venture Funding for Rivian

2019 has been a very good year for electric vehicle maker Rivian. The company had raised about $1.55 billion in new cash by September, and on Monday it announced a ...
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Boeing Ousts CEO, Names Chairman to Take Over

In a "Here's your hat, what's your hurry" announcement Monday morning, Boeing Co. (NYSE: BA) said that now-former CEO Dennis Muilenburg has resigned effective immediately and that the company's board ...
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US Steel Cuts Dividend, Halts Buybacks, Chops Up to 1500 Jobs

In separate announcements Thursday after markets had closed, United States Steel Corp. (NYSE: X) announced that it plans to shut down a "significant portion" of its Great Lakes Works and ...
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Match Group, IAC Splitting Up

Match Group Inc. (NASDAQ: MTCH) and IAC/InterActiveCorp (NASDAQ: IAC) announced Thursday morning that the two companies are getting divorced. Match, which has been operating as a subsidiary of IAC since ...
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Collapsing Bed Bath & Beyond Can’t Fire Its Way to Survival

New Bed Bath & Beyond Inc. (NASDAQ: BBBY) CEO Mark Tritton has decided that among his best moves to turn around the company is to fire virtually all senior management. ...
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Could Boeing’s 737 Max Production Halt Come Back to Haunt the Company?

In a press release issued after markets closed Monday, Boeing Corp. (NYSE: BA) announced that it will "temporarily suspend" production of the company's 737 Max passenger jet beginning in January. ...
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Will Boeing Halt or Just Slow Down 737 Max Production?

Ever since Boeing Co. (NYSE: BA) 737 Max passenger jets were grounded in March, the company has been building them at a rate of about 42 planes a month, a ...
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America’s Worst-Managed Companies of 2019

Several of America's largest companies have posted poor results, based on both their stock prices and financial reports. Some of these are perennial losers, trailing other companies in their sectors ...
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Why Wall Street Is Discounting the Larry and Sergey Exit of Google and Alphabet

At some point, being a multi-billionaire and running one of the top companies in the world takes its toll. Throw in the political scheme that is targeting legitimate wealth, an ...
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Subway War With Franchises Heats Up

Subway's management believes that among the best ways to revive flagging sales is to cut prices. This, in turn, will hurt the finances of its franchise owners. The tension between ...
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Uber Loses London License (Again) 

For the second time in just two years, Uber Technologies Inc. (NYSE: UBER) has lost its license to operate in London, one of the company's biggest markets. The decision, by ...
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Holiday Parties Staging a Comeback This Year

One of the staples of 20th-century business stories was the rowdy and expensive Christmas party. Even into the first decade of the 21st century, some companies went all out and ...
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Can a New CEO Get Subway Back on Track or Is the Company Looking to Sell Itself?

Sandwich maker Subway had more fast-food locations at the end of last year than any other quick-service restaurant in the United States. The privately held company had nearly 25,000 U.S. ...
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SunPower Poised to Split Into 2 Companies

SunPower Corp. (NASDAQ: SPWR) shares shot up on Monday after the company announced that it plans to separate into two independent, complementary, strategically aligned and publicly traded companies: SunPower and ...
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Boeing Board Can’t Defend CEO Muilenburg’s Job and Needs to Fire Him

During hearings on engineering problems with the Boeing 737 Max that were almost certainly responsible for two fatal crashes, Sen. Richard Blumenthal attacked Boeing for a “pattern of deliberate concealment” ...
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