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☆ Walt Disney Nominates 12 to Board of Directors, Says CEO Iger’s Compensation Doubled in 2023
  + stars: | 2024-01-17 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Photo: PHIL MCCARTEN/REUTERSWalt Disney recommended shareholders vote for its 12 nominees to the company’s board of directors and said Chief Executive Robert Iger ’s total compensation doubled in fiscal 2023. The company nominated Chairman Mark Parker to the board, as well as Mary Barra , Safra Catz , Amy Chang , Jeremy Darroch , Carolyn Everson, Michael Froman , James Gorman, Robert Iger, Maria Elena Lagomasino , Calvin McDonald , and Derica Rice.
Persons: PHIL MCCARTEN, REUTERS Walt, Robert Iger ’, Mark Parker, Mary Barra, Safra Catz, Amy Chang, Jeremy Darroch, Carolyn Everson, Michael Froman, James Gorman, Robert Iger, Maria Elena Lagomasino, Calvin McDonald, Derica Rice Organizations: REUTERS, REUTERS Walt Disney
☆ Renting Clothes Was Supposed to Be the Future of Fashion. Then Shoppers Got Bored.
  + stars: | 2024-01-14 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
The automated sorting section of Rent the Runway’s ’dream fulfillment’ center in Secaucus, N.J., in 2019. Photo: Andrew Kelly/ReutersRent the Runway is betting that clothing from designers Diane von Furstenberg and Jason Wu can get customers to keep their subscriptions. Rival clothing subscription service Stitch Fix is staking its future on private brands. The different directions are part of companies’ bids to stem steep subscriber losses in recent months and declines in their stock-market valuations.
Persons: Andrew Kelly, Diane von Furstenberg, Jason Wu Organizations: Reuters Locations: Secaucus, N.J
☆ The Estée Lauder Family Built a Beauty Empire. A Succession Rift Threatens It
  + stars: | 2023-11-17 | by ( Emily Glazer | Sabela Ojea | ) www.wsj.com   time to read: 1 min
For years, the Lauder family hosted the annual meeting for shareholders of their cosmetics giant at the elegant Essex House overlooking the southern edge of New York’s Central Park. In a scene that looked more like a wedding than a corporate meeting, attendees would nibble on gourmet pastries and tropical fruit and leave with goody bags filled with face-cream samples, perfumes and lipsticks.
Persons: Lauder, goody Locations: Essex, New
☆ Whirlpool Sales Rise Amid Growing Market Share
  + stars: | 2023-10-26 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Photo: Luke Sharrett/Bloomberg NewsWhirlpool said sales increased in the third quarter, boosted by market share gains in North America. The appliance maker on Wednesday posted a net profit of $83 million, or $1.53 a share, compared with $143 million, or $2.60 a share, for the same period a year earlier.
Persons: Luke Sharrett Organizations: Bloomberg, Whirlpool Locations: North America
☆ J.B. Hunt Transport Will Acquire BNSF Brokerage Business
  + stars: | 2023-09-15 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/j-b-hunt-transport-will-acquire-bnsf-brokerage-business-a7598c10
Persons: Dow Jones Organizations: bnsf
☆ Gap Revenue Falls on Weaker In-Store and Digital Sales
  + stars: | 2023-08-24 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/gap-gps-q2-earnings-report-2023-170c2a7f
Persons: Dow Jones
☆ Esmark to Exit Bid Process for U.S. Steel
  + stars: | 2023-08-23 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/esmark-to-exit-bid-process-for-u-s-steel-ca9c2913
Persons: Dow Jones
☆ Peloton Stock Plunges 20% as It Warns of Continued Losses
  + stars: | 2023-08-23 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/earnings/peloton-interactive-pton-q4-earnings-report-2023-89922868
Persons: Dow Jones
☆ Sabela Ojea — Reporter at The Wall Street Journal
  + stars: | 2023-08-18 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Sabela OjeaSabela Ojea covers breaking financial news for The Wall Street Journal. Before that, she covered European banks and retail giants. She began her career as a Reuters trainee correspondent and multimedia producer.
Persons: Sabela Organizations: Wall Street
☆ Estée Lauder Swings to Loss on Weakened China Business
  + stars: | 2023-08-18 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/estee-lauder-swings-to-loss-on-weakened-china-business-2a96947b
Persons: Dow Jones
☆ Estée Lauder’s Big Bet on China Is Looking Not So Pretty
  + stars: | 2023-08-16 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/estee-lauders-big-bet-on-china-is-looking-not-so-pretty-184ac149
Persons: Dow Jones
☆ Americans Can’t Get Enough Deodorant These Days. ‘I’m Obsessed With It’
  + stars: | 2023-07-21 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/heat-wave-deodorant-collectors-sweating-scents-f8f7ca01
Persons: Dow Jones
☆ Deodorant Diehards Keep a Dozen Choices on Hand. ‘I’m Obsessed With Them.’
  + stars: | 2023-07-21 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/heat-wave-deoderant-collectors-sweating-scents-f8f7ca01
Persons: Dow Jones
☆ Knight-Swift Profit Plunges on Weak Trucking Demand
  + stars: | 2023-07-21 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/knight-swift-profit-plunges-on-weak-trucking-demand-61ca115e
Persons: Dow Jones
☆ FedEx Taps John Dietrich as CFO, Succeeds Retiring Michael Lenz
  + stars: | 2023-07-17 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/fedex-taps-john-dietrich-as-cfo-succeeds-retiring-michael-lenz-cf3b0c48
Persons: Dow Jones, dietrich, michael, lenz, cf3b0c48 Organizations: fedex
☆ Lyft Taps New CFO Amid Layoffs, Soft Earnings Forecast
  + stars: | 2023-05-16 | by ( Jennifer Williams-Alvarez | Sabela Ojea | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/lyft-taps-erin-brewer-as-cfo-4571a09e
☆ Estée Lauder, L’Oréal Look to Local Investments to Grow Business in China
  + stars: | 2023-05-10 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Estée Lauder is among the multinational beauty companies looking to invest in local brands in China. Photo: Budrul Chukrut/SOPA Images/ReutersSome of the beauty industry’s biggest players are finding a rocky road to winning shoppers in China. Their response: invest locally. Estée Lauder and L’Oréal for years have aimed to boost their business in one of the world’s largest consumer markets, where demand for beauty products is high.
☆ Peloton’s Progress in Narrowing Losses Falls Short of Expectations
  + stars: | 2023-05-04 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Peloton has been implementing restructuring measures including layoffs to stem losses. Photo: David Paul Morris/Bloomberg NewsPeloton Interactive reported a wider-than-expected loss in the latest quarter as it continues to sit on high levels of unsold web-connected bikes and treadmills. The New York company’s shift from primarily selling equipment to being one focused on subscriptions is also progressing slowly. Peloton ended the March quarter with about 3.1 million subscribers, up 74,000 from the end of December.
☆ CVS Health’s Sales Rise 11%; Oak Street Health, Signify Health Acquisitions Close
  + stars: | 2023-05-03 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Corporate giants from Amazon to CVS are investing billions into primary-care practices. Photo illustration: Amber BragdonCVS Health posted an 11% rise in sales during the first quarter as it closed its biggest acquisitions since its nearly $70 billion merger with Aetna in 2018. The healthcare company on March 29 completed the nearly $8 billion acquisition of Signify Health, adding in-home services to its offerings. On May 2, the company closed its $10.6 billion deal for Oak Street Health’s 600 primary-care centers. The newly added units will work together to expand the business, with Signify doctors checking up on home-care patients, who are then referred to either an Oak Street practice or a CVS in-store clinic.
☆ Starbucks, Ford, Apple Lead Another Busy Earnings Week
  + stars: | 2023-04-30 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Starbucks is set for its first quarterly report under its new president. Photo: Mark Hertzberg/Zuma PressApple Inc., Marriott International Inc. and Starbucks Corp. are among the companies that will report quarterly results in coming days, offering a closer look at consumer spending habits in a slowing economy. Ride-hailing company Uber Technologies Inc., auto maker Ford Motor Co. and pharmacy chain CVS Health Corp. are also scheduled to report, as consumers face steady price increases and inflation shows few signs of retreating.
☆ Amazon, Facebook, Google Headline Busy Earnings Week for Tech
  + stars: | 2023-04-23 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Reports from PepsiCo and other food companies will help investors understand how inflation affected the economy in the first quarter. Photo: Daniel Acker/BloombergTechnology companies including Google parent Alphabet Inc. and Amazon .com Inc. as well as stalwarts from the food, pharmaceutical and energy sectors, highlight a busy earnings week amid concerns about the U.S. economy. The coming reports will provide clues to investors about how companies fared in the first quarter of 2023 as the recent banking crisis, continuing layoffs in sectors such as technology, and inflation weighed on the economy.
☆ P&G Earnings Powered by Higher Prices, Again
  + stars: | 2023-04-21 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Tide maker Procter & Gamble said it now expects overall revenue for the fiscal year ending in June to rise. Photo: Richard B. Levine/Levine Roberts/Zuma PressConsumers continue to absorb higher prices for Pampers diapers and Tide detergent, boosting quarterly sales and profit at Procter & Gamble Co. The company raised prices by about 10% across its various brands in the March quarter from a year earlier. It was the second straight quarter with a 10% year-over-year increase as the global company passed along higher costs and widened its profit margins.
☆ Consumers Keep Paying Higher Prices for Detergent, Toothpaste
  + stars: | 2023-04-21 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Photo illustration: Adele MorganConsumers continue to absorb higher prices for Pampers diapers and Tide detergent, boosting quarterly sales and profit at Procter & Gamble Co. as businesses and households battle elevated inflation. The company raised prices by about 10% across its various brands in the March quarter from a year earlier. It was the second straight quarter with a 10% year-over-year increase as the global company passed along higher costs and widened its profit margins.
☆ Rite Aid Seeks Direction as Pressure Mounts
  + stars: | 2023-04-19 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Rite Aid has said it aims to keep cutting expenses through 2024 by ramping up store closures and shrinking its workforce. Photo: Mario Tama/Getty ImagesRite Aid Corp.’s cash reserves are dwindling, a lawsuit is looming and sales are slowing ahead of the drugstore chain’s fourth-quarter earnings on Thursday. Meanwhile, investors are waiting for the company to name a permanent chief executive to chart a path to growth as demand wanes for Covid-19 booster shots and testing services.
☆ Railroad Group Cancels Order to Change Wheels on Hundreds of Railcars
  + stars: | 2023-04-14 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Photo: Nate Smallwood for The Wall Street JournalNorfolk Southern claimed that some loose wheels on railcars were a safety concern. A railroad industry trade group dropped its order to inspect railcars that could contain loose wheels after a spate of train derailments, including one involving Norfolk Southern Corp. in Ohio. Freight and tank car manufacturer National Steel Car said railcars it serviced weren’t responsible for recent train derailments. The trade group Association for American Railroads had called for additional inspections of hundreds of cars last month following the accidents.
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