A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty ImagesNike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it warned about a "softer" revenue outlook for the...
The Boeing 787 Dreamliner sits on the tarmac at Boeing Field in Seattle, Washington.Robert Sorbo | ReutersBoeing on Thursday handed over a 787 Dreamliner directly to a Chinese airline for the first time since November 2019, a milestone that could open up the possibility of deliveries of the manufacturer's...
Check out the companies making headlines in midday trading. Spotify — The streaming music stock gained 2.7% after Pivotal Research upgraded Spotify to buy from hold. The Pivotal note said the firm sees a "renewed focus on financial discipline" and it anticipates Spotify will center more on generating free...
Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney, which will advise the board on choosing CEO Bob Iger's successor. Gorman is set to step down as Morgan Stanley CEO Jan. 1. He will join Disney's board in February.Disney...
